Ethereum (ETH) Market Capitalization Achieves $400.60 Billion

Ethereum (ETH) traded up 2.3% against the dollar during the 24-hour period ending at 19:00 PM ET on July 29th. Ethereum has a market capitalization of $400.60 billion and $17.89 billion worth of Ethereum was traded on exchanges in the last day. Over the last week, Ethereum has traded 3.4% lower against the dollar. One Ethereum coin can now be bought for approximately $3,331.98 or 0.04958283 BTC on major exchanges.

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

• Cardano (ADA) traded down 0% against the dollar and now trades at $0.41 or 0.00000604 BTC.
• Avalanche (AVAX) traded up 0.2% against the dollar and now trades at $27.27 or 0.00040575 BTC.
• NEAR Protocol (NEAR) traded 2.3% lower against the dollar and now trades at $5.30 or 0.00007885 BTC.
• Uniswap (UNI) traded up 2.8% against the dollar and now trades at $7.70 or 0.00011466 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $9.02 or 0.00013423 BTC.
• Hedera (HBAR) traded 0.2% lower against the dollar and now trades at $0.0670 or 0.00000100 BTC.
• Cosmos (ATOM) traded 1.2% lower against the dollar and now trades at $6.13 or 0.00009115 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.0901 or 0.00000134 BTC.
• Fetch.ai (FET) traded down 0.3% against the dollar and now trades at $1.23 or 0.00001827 BTC.
• Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.14 or 0.00000207 BTC.

About Ethereum

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 120,228,315 coins. The official message board for Ethereum is forum.ethereum.org. 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. 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 acquire Ethereum using U.S. dollars directly can do so using GDAX, Gemini or Changelly.

ETH/USD price chart by TradingView