Ethereum (ETH) Trading 8.1% Lower Over Last Week

Ethereum (ETH) traded up 1.9% against the dollar during the 1-day period ending at 14:00 PM E.T. on October 6th. Over the last week, Ethereum has traded down 8.1% against the dollar. One Ethereum coin can currently be bought for about $2,445.93 or 0.03900880 BTC on exchanges. Ethereum has a total market capitalization of $294.43 billion and $8.23 billion worth of Ethereum was traded on exchanges in the last day.

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

• Cardano (ADA) traded up 1.3% against the dollar and now trades at $0.35 or 0.00000564 BTC.
• Avalanche (AVAX) traded 5.8% higher against the dollar and now trades at $26.98 or 0.00043028 BTC.
• NEAR Protocol (NEAR) traded 3.9% higher against the dollar and now trades at $4.85 or 0.00007730 BTC.
• Uniswap (UNI) traded up 1.8% against the dollar and now trades at $6.92 or 0.00011043 BTC.
• Internet Computer (ICP) traded up 3.3% against the dollar and now trades at $8.43 or 0.00013451 BTC.
• Cronos (CRO) traded 0.4% higher against the dollar and now trades at $0.0802 or 0.00000128 BTC.
• Hedera (HBAR) traded 1.2% higher against the dollar and now trades at $0.0535 or 0.00000085 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $4.59 or 0.00007317 BTC.
• Fetch.ai (FET) traded 4.1% higher against the dollar and now trades at $1.45 or 0.00002312 BTC.
• Algorand (ALGO) traded up 0.8% against the dollar and now trades at $0.13 or 0.00000202 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 120,377,344 coins. The official message board for Ethereum is forum.ethereum.org. Ethereum’s official website 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. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible 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 U.S. dollars directly can do so using Coinbase, GDAX or Changelly.

ETH/USD price chart by TradingView