Ethereum (ETH) Market Capitalization Achieves $312.51 Billion

Ethereum (ETH) traded 0.4% lower against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on August 22nd. One Ethereum coin can now be bought for about $2,597.90 or 0.04302632 BTC on popular cryptocurrency exchanges. Ethereum has a market capitalization of $312.51 billion and approximately $12.06 billion worth of Ethereum was traded on exchanges in the last day. Over the last week, Ethereum has traded down 2.4% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Cardano (ADA) traded 3.6% higher against the dollar and now trades at $0.37 or 0.00000615 BTC.
• Avalanche (AVAX) traded up 7.9% against the dollar and now trades at $24.78 or 0.00041049 BTC.
• NEAR Protocol (NEAR) traded up 5.7% against the dollar and now trades at $4.31 or 0.00007138 BTC.
• Uniswap (UNI) traded 4.9% higher against the dollar and now trades at $6.90 or 0.00011430 BTC.
• Internet Computer (ICP) traded 7.7% higher against the dollar and now trades at $8.08 or 0.00013378 BTC.
• Cronos (CRO) traded 2.2% higher against the dollar and now trades at $0.0876 or 0.00000145 BTC.
• Hedera (HBAR) traded up 2.8% against the dollar and now trades at $0.0549 or 0.00000091 BTC.
• Cosmos (ATOM) traded up 0.3% against the dollar and now trades at $4.73 or 0.00007830 BTC.
• Algorand (ALGO) traded up 2.1% against the dollar and now trades at $0.14 or 0.00000224 BTC.
• Fetch.ai (FET) traded 7.9% higher against the dollar and now trades at $0.99 or 0.00001638 BTC.

Ethereum Coin Profile

ETH is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its genesis date was July 30th, 2015. Ethereum’s total supply is 120,293,672 coins. Ethereum’s official message board is forum.ethereum.org. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. The official website for Ethereum is www.ethereum.org. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here.

According to CryptoCompare, “Ethereum is a decentralized platform for building smart contracts and decentralized applications. It has its own cryptocurrency, Ether, and enables users to transact and communicate without the need for a central authority. In contrast to Bitcoin, Ethereum is a general purpose blockchain that can be programmed for a wide range of tasks. It can be used for building apps and organizations, holding assets, and facilitating financial transactions while respecting user privacy and avoiding censorship. ETH, the native cryptocurrency of Ethereum, is used to fuel and secure the network, serve as collateral for the creation of other tokens, and support the Ethereum financial system. It has value as a means of paying transaction fees and as a store of value or tool for decentralized finance. ETH has also gained recognition through initial coin offerings.”

Ethereum Coin Trading

Investors seeking to trade Ethereum using US dollars directly can do so using Changelly, GDAX or Coinbase.

ETH/USD price chart by TradingView