Ethereum Market Cap Hits $398.68 Billion (ETH)

Ethereum (ETH) traded down 0.3% against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on July 31st. One Ethereum coin can now be purchased for about $3,315.46 or 0.05019260 BTC on popular exchanges. Ethereum has a total market capitalization of $398.68 billion and approximately $13.63 billion worth of Ethereum was traded on exchanges in the last day. Over the last week, Ethereum has traded 4.2% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

• Cardano (ADA) traded down 0.2% against the dollar and now trades at $0.40 or 0.00000611 BTC.
• Avalanche (AVAX) traded down 2.3% against the dollar and now trades at $26.25 or 0.00039733 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $5.16 or 0.00007813 BTC.
• Uniswap (UNI) traded down 2.6% against the dollar and now trades at $7.37 or 0.00011155 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $8.92 or 0.00013500 BTC.
• Hedera (HBAR) traded down 0.9% against the dollar and now trades at $0.0659 or 0.00000100 BTC.
• Cronos (CRO) traded 0.8% lower against the dollar and now trades at $0.0887 or 0.00000134 BTC.
• Cosmos (ATOM) traded down 2.7% against the dollar and now trades at $5.98 or 0.00009059 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $1.18 or 0.00001780 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.14 or 0.00000212 BTC.

About 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 120,249,500 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 website is www.ethereum.org. The official message board for Ethereum is forum.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 U.S. dollars directly can do so using Coinbase, GDAX or Changelly.

ETH/USD price chart by TradingView