Ethereum Market Cap Reaches $297.99 Billion (ETH)

Ethereum (ETH) traded 1.3% lower against the US dollar during the one day period ending at 14:00 PM Eastern on October 26th. One Ethereum coin can currently be purchased for approximately $2,475.00 or 0.03692404 BTC on cryptocurrency exchanges. During the last week, Ethereum has traded down 6.3% against the US dollar. Ethereum has a total market cap of $297.99 billion and $19.86 billion worth of Ethereum was traded on exchanges in the last 24 hours.

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

• Cardano (ADA) traded down 3.1% against the dollar and now trades at $0.33 or 0.00000493 BTC.
• Avalanche (AVAX) traded 2.9% lower against the dollar and now trades at $25.25 or 0.00037664 BTC.
• NEAR Protocol (NEAR) traded down 6% against the dollar and now trades at $4.22 or 0.00006289 BTC.
• Uniswap (UNI) traded 7.5% lower against the dollar and now trades at $7.42 or 0.00011063 BTC.
• Internet Computer (ICP) traded 6.8% lower against the dollar and now trades at $7.64 or 0.00011396 BTC.
• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.0728 or 0.00000109 BTC.
• Hedera (HBAR) traded down 4% against the dollar and now trades at $0.0477 or 0.00000071 BTC.
• Cosmos (ATOM) traded 8.3% lower against the dollar and now trades at $4.32 or 0.00006449 BTC.
• Fetch.ai (FET) traded down 3.6% against the dollar and now trades at $1.22 or 0.00001826 BTC.
• Algorand (ALGO) traded down 5.3% against the dollar and now trades at $0.11 or 0.00000169 BTC.

About Ethereum

Ethereum (CRYPTO: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 120,399,251 coins. 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. The official message board for Ethereum is forum.ethereum.org. 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.”

Buying and Selling Ethereum

Investors seeking to trade Ethereum using U.S. dollars directly can do so using Gemini, Coinbase or Changelly.

ETH/USD price chart by TradingView