Ethereum Market Cap Reaches $357.00 Billion (ETH)

Ethereum (ETH) traded 0.7% lower against the dollar during the one day period ending at 8:00 AM Eastern on May 9th. Ethereum has a market capitalization of $357.00 billion and $10.86 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be purchased for $2,972.36 or 0.04872978 BTC on cryptocurrency exchanges. During the last seven days, Ethereum has traded 0.4% lower against the dollar.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Cardano (ADA) traded 2.3% higher against the dollar and now trades at $0.45 or 0.00000739 BTC.
• Avalanche (AVAX) traded down 1.3% against the dollar and now trades at $34.00 or 0.00055741 BTC.
• NEAR Protocol (NEAR) traded 0.4% lower against the dollar and now trades at $7.12 or 0.00011673 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $11.88 or 0.00019480 BTC.
• Uniswap (UNI) traded down 0.9% against the dollar and now trades at $7.26 or 0.00011896 BTC.
• Hedera (HBAR) traded down 0.1% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $8.94 or 0.00014649 BTC.
• Cronos (CRO) traded down 1.6% against the dollar and now trades at $0.12 or 0.00000203 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $2.17 or 0.00003551 BTC.
• Algorand (ALGO) traded down 0.4% against the dollar and now trades at $0.19 or 0.00000306 BTC.

Ethereum Profile

Ethereum (ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It launched on July 30th, 2015. Ethereum’s total supply is 120,105,243 coins. The official message board for Ethereum 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.”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView