Ethereum (ETH) Price Tops $2,450.43 on Exchanges

Ethereum (ETH) traded 0.2% lower against the U.S. dollar during the 1-day period ending at 18:00 PM Eastern on October 8th. Ethereum has a total market capitalization of $294.98 billion and $14.73 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be bought for approximately $2,450.43 or 0.03925568 BTC on popular exchanges. During the last week, Ethereum has traded down 0.3% against the U.S. dollar.

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

• Cardano (ADA) traded down 3.5% against the dollar and now trades at $0.34 or 0.00000552 BTC.
• Avalanche (AVAX) traded 1.9% lower against the dollar and now trades at $26.61 or 0.00042635 BTC.
• NEAR Protocol (NEAR) traded down 5% against the dollar and now trades at $4.95 or 0.00007931 BTC.
• Uniswap (UNI) traded down 2.4% against the dollar and now trades at $7.16 or 0.00011472 BTC.
• Internet Computer (ICP) traded down 2.9% against the dollar and now trades at $8.04 or 0.00012873 BTC.
• Cronos (CRO) traded down 4.3% against the dollar and now trades at $0.0762 or 0.00000122 BTC.
• Hedera (HBAR) traded down 1.6% against the dollar and now trades at $0.0527 or 0.00000084 BTC.
• Cosmos (ATOM) traded 5.7% lower against the dollar and now trades at $4.37 or 0.00006994 BTC.
• Fetch.ai (FET) traded down 4.7% against the dollar and now trades at $1.44 or 0.00002312 BTC.
• Algorand (ALGO) traded 4.2% lower against the dollar and now trades at $0.12 or 0.00000195 BTC.

Ethereum Coin Profile

ETH is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It was first traded on July 30th, 2015. Ethereum’s total supply is 120,379,521 coins. 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. The official website for Ethereum is www.ethereum.org. Ethereum’s official message board is forum.ethereum.org.

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 Gemini, Changelly or GDAX.

ETH/USD price chart by TradingView