Ethereum Market Cap Hits $318.32 Billion (ETH)

Ethereum (ETH) traded down 0.5% against the dollar during the 1-day period ending at 9:00 AM ET on September 29th. One Ethereum coin can currently be bought for approximately $2,644.58 or 0.04028875 BTC on major cryptocurrency exchanges. In the last seven days, Ethereum has traded up 2.4% against the dollar. Ethereum has a market capitalization of $318.32 billion and approximately $10.21 billion worth of Ethereum was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Cardano (ADA) traded down 1.8% against the dollar and now trades at $0.39 or 0.00000600 BTC.
• Avalanche (AVAX) traded 3.4% lower against the dollar and now trades at $28.32 or 0.00043139 BTC.
• NEAR Protocol (NEAR) traded 0.8% lower against the dollar and now trades at $5.37 or 0.00008184 BTC.
• Internet Computer (ICP) traded down 2% against the dollar and now trades at $9.52 or 0.00014511 BTC.
• Uniswap (UNI) traded down 1.9% against the dollar and now trades at $7.40 or 0.00011278 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0855 or 0.00000130 BTC.
• Hedera (HBAR) traded down 1.7% against the dollar and now trades at $0.0598 or 0.00000091 BTC.
• Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $4.97 or 0.00007574 BTC.
• Fetch.ai (FET) traded 1.9% lower against the dollar and now trades at $1.56 or 0.00002381 BTC.
• Algorand (ALGO) traded 1% lower against the dollar and now trades at $0.14 or 0.00000212 BTC.

About Ethereum

Ethereum (ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its launch date was July 30th, 2015. Ethereum’s total supply is 120,366,230 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. 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.

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 GDAX, Coinbase or Changelly.

ETH/USD price chart by TradingView