Ethereum (ETH) Achieves Market Cap of $444.08 Billion

Ethereum (ETH) traded 4.4% lower against the U.S. dollar during the one day period ending at 7:00 AM Eastern on May 24th. Ethereum has a market cap of $444.08 billion and approximately $46.42 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can currently be bought for approximately $3,696.62 or 0.05492723 BTC on popular cryptocurrency exchanges. In the last seven days, Ethereum has traded up 21.8% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Cardano (ADA) traded down 4.1% against the dollar and now trades at $0.46 or 0.00000686 BTC.
• Avalanche (AVAX) traded down 5.8% against the dollar and now trades at $37.70 or 0.00056012 BTC.
• NEAR Protocol (NEAR) traded down 3.9% against the dollar and now trades at $7.63 or 0.00011333 BTC.
• Internet Computer (ICP) traded down 3.9% against the dollar and now trades at $12.16 or 0.00018069 BTC.
• Uniswap (UNI) traded 2.8% lower against the dollar and now trades at $9.38 or 0.00013944 BTC.
• Hedera (HBAR) traded 5.3% lower against the dollar and now trades at $0.11 or 0.00000159 BTC.
• Cosmos (ATOM) traded down 1.7% against the dollar and now trades at $8.39 or 0.00012469 BTC.
• Cronos (CRO) traded down 4.4% against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Fetch.ai (FET) traded 6.8% lower against the dollar and now trades at $2.30 or 0.00003418 BTC.
• Algorand (ALGO) traded 2% lower against the dollar and now trades at $0.18 or 0.00000269 BTC.

Ethereum Profile

Ethereum (CRYPTO: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 120,131,151 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. Ethereum’s official message board is forum.ethereum.org. The official website for Ethereum is www.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.”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView