Ethereum Market Cap Hits $398.16 Billion (ETH)

Ethereum (ETH) traded up 0.6% against the US dollar during the one day period ending at 8:00 AM Eastern on January 21st. During the last week, Ethereum has traded up 3.6% against the US dollar. One Ethereum coin can currently be bought for about $3,304.20 or 0.03166131 BTC on cryptocurrency exchanges. Ethereum has a total market cap of $398.16 billion and $40.73 billion worth of Ethereum was traded on exchanges in the last 24 hours.

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

• Cardano (ADA) traded down 4.2% against the dollar and now trades at $1.00 or 0.00000961 BTC.
• Avalanche (AVAX) traded 0.7% lower against the dollar and now trades at $36.69 or 0.00035159 BTC.
• Hedera (HBAR) traded 4.6% lower against the dollar and now trades at $0.34 or 0.00000324 BTC.
• Uniswap (UNI) traded down 1.3% against the dollar and now trades at $13.58 or 0.00013014 BTC.
• NEAR Protocol (NEAR) traded 1.5% lower against the dollar and now trades at $5.16 or 0.00004943 BTC.
• Internet Computer (ICP) traded down 1.1% against the dollar and now trades at $9.78 or 0.00009376 BTC.
• Algorand (ALGO) traded down 3.3% against the dollar and now trades at $0.43 or 0.00000415 BTC.
• Cronos (CRO) traded up 2.1% against the dollar and now trades at $0.13 or 0.00000129 BTC.
• Fetch.ai (FET) traded down 0.6% against the dollar and now trades at $1.21 or 0.00001160 BTC.
• Cosmos (ATOM) traded up 0.2% against the dollar and now trades at $6.14 or 0.00005887 BTC.

Ethereum 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 120,500,685 coins. The official message board for Ethereum is forum.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 website is www.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 US dollars directly can do so using Coinbase, Changelly or GDAX.

ETH/USD price chart by TradingView