Ethereum (ETH) Tops 1-Day Trading Volume of $21.42 Billion

Ethereum (ETH) traded up 3% against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on August 24th. Over the last week, Ethereum has traded up 33% against the dollar. Ethereum has a market capitalization of $304.86 billion and approximately $21.42 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be bought for $2,526.17 or 0.03170841 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Cardano (ADA) traded down 1.1% against the dollar and now trades at $0.22 or 0.00000282 BTC.
• Cronos (CRO) traded up 5.3% against the dollar and now trades at $0.0619 or 0.00000078 BTC.
• Hedera (HBAR) traded up 0.7% against the dollar and now trades at $0.0806 or 0.00000101 BTC.
• Avalanche (AVAX) traded 0.1% lower against the dollar and now trades at $7.59 or 0.00009521 BTC.
• Uniswap (UNI) traded down 2.8% against the dollar and now trades at $4.40 or 0.00005526 BTC.
• NEAR Protocol (NEAR) traded up 1.3% against the dollar and now trades at $2.01 or 0.00002518 BTC.
• Internet Computer (ICP) traded 0.3% higher against the dollar and now trades at $2.43 or 0.00003053 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.0930 or 0.00000117 BTC.
• Cosmos (ATOM) traded down 2.8% against the dollar and now trades at $1.56 or 0.00001962 BTC.
• Beldex (BDX) traded 1% higher against the dollar and now trades at $0.0833 or 0.00000105 BTC.

About Ethereum

Ethereum is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It launched on July 30th, 2015. Ethereum’s total supply is 120,681,508 coins. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here. The official website for Ethereum 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 initially gained recognition through initial coin offerings (ICOs).”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView