Ethereum Price Reaches $2,422.15 on Exchanges (ETH)

Ethereum (ETH) traded 11.9% lower against the US dollar during the 24 hour period ending at 17:00 PM Eastern on August 5th. Over the last seven days, Ethereum has traded down 27.1% against the US dollar. One Ethereum coin can currently be purchased for about $2,422.15 or 0.04476455 BTC on cryptocurrency exchanges. Ethereum has a market capitalization of $291.29 billion and $67.47 billion worth of Ethereum was traded on exchanges in the last day.

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

• Cardano (ADA) traded 10.4% lower against the dollar and now trades at $0.31 or 0.00000578 BTC.
• Avalanche (AVAX) traded 9.8% lower against the dollar and now trades at $19.61 or 0.00036248 BTC.
• NEAR Protocol (NEAR) traded down 16.7% against the dollar and now trades at $3.50 or 0.00006466 BTC.
• Internet Computer (ICP) traded 6.8% lower against the dollar and now trades at $7.02 or 0.00012973 BTC.
• Uniswap (UNI) traded 15.3% lower against the dollar and now trades at $5.31 or 0.00009806 BTC.
• Cronos (CRO) traded down 4.8% against the dollar and now trades at $0.0746 or 0.00000138 BTC.
• Hedera (HBAR) traded down 7% against the dollar and now trades at $0.0521 or 0.00000096 BTC.
• Cosmos (ATOM) traded down 8.5% against the dollar and now trades at $4.66 or 0.00008619 BTC.
• Algorand (ALGO) traded 4.7% lower against the dollar and now trades at $0.11 or 0.00000203 BTC.
• Fetch.ai (FET) traded down 16.8% against the dollar and now trades at $0.79 or 0.00001466 BTC.

Ethereum Profile

Ethereum (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 120,259,615 coins. 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. Ethereum’s official website 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.”

Ethereum Coin Trading

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

ETH/USD price chart by TradingView