Ethereum (ETH) Trading Down 3.1% This Week

Ethereum (ETH) traded 3.6% higher against the dollar during the 24-hour period ending at 7:00 AM Eastern on May 2nd. One Ethereum coin can now be purchased for approximately $2,990.52 or 0.05143255 BTC on exchanges. During the last seven days, Ethereum has traded down 3.1% against the dollar. Ethereum has a total market cap of $359.14 billion and approximately $16.55 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 5.1% higher against the dollar and now trades at $0.45 or 0.00000782 BTC.
• Avalanche (AVAX) traded 5.5% higher against the dollar and now trades at $33.31 or 0.00057280 BTC.
• NEAR Protocol (NEAR) traded up 0.8% against the dollar and now trades at $6.04 or 0.00010391 BTC.
• Internet Computer (ICP) traded 7.1% higher against the dollar and now trades at $13.46 or 0.00023157 BTC.
• Uniswap (UNI) traded up 5.7% against the dollar and now trades at $7.10 or 0.00012218 BTC.
• Hedera (HBAR) traded 2.7% higher against the dollar and now trades at $0.0976 or 0.00000168 BTC.
• Cosmos (ATOM) traded 6.4% higher against the dollar and now trades at $8.90 or 0.00015303 BTC.
• Cronos (CRO) traded down 0.3% against the dollar and now trades at $0.12 or 0.00000215 BTC.
• Fetch.ai (FET) traded up 4.5% against the dollar and now trades at $2.02 or 0.00003467 BTC.
• Algorand (ALGO) traded up 4.9% against the dollar and now trades at $0.18 or 0.00000311 BTC.

About Ethereum

Ethereum (ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It launched on July 30th, 2015. Ethereum’s total supply is 120,091,641 coins. The official message board for Ethereum is forum.ethereum.org. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. 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.

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 Coinbase, GDAX or Gemini.

ETH/USD price chart by TradingView