Ethereum (ETH) Achieves Market Cap of $388.21 Billion

Ethereum (ETH) traded down 4.8% against the dollar during the 24-hour period ending at 23:00 PM Eastern on March 19th. One Ethereum coin can now be bought for about $3,233.01 or 0.05158484 BTC on exchanges. Ethereum has a market cap of $388.21 billion and approximately $33.76 billion worth of Ethereum was traded on exchanges in the last 24 hours. During the last week, Ethereum has traded down 20.1% against the dollar.

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

• Cardano (ADA) traded 3.6% lower against the dollar and now trades at $0.60 or 0.00000960 BTC.
• Avalanche (AVAX) traded down 7.8% against the dollar and now trades at $52.81 or 0.00084263 BTC.
• NEAR Protocol (NEAR) traded 4.2% lower against the dollar and now trades at $6.40 or 0.00010210 BTC.
• Uniswap (UNI) traded 1.5% lower against the dollar and now trades at $10.99 or 0.00017536 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $11.22 or 0.00017900 BTC.
• Cosmos (ATOM) traded 0.2% higher against the dollar and now trades at $11.12 or 0.00017736 BTC.
• Hedera (HBAR) traded 0.4% lower against the dollar and now trades at $0.10 or 0.00000167 BTC.
• Cronos (CRO) traded down 1.9% against the dollar and now trades at $0.12 or 0.00000199 BTC.
• Fetch.ai (FET) traded up 7.2% against the dollar and now trades at $2.48 or 0.00003963 BTC.
• Algorand (ALGO) traded down 0.3% against the dollar and now trades at $0.23 or 0.00000373 BTC.

About Ethereum

Ethereum is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its genesis date was July 30th, 2015. Ethereum’s total supply is 120,075,663 coins. Ethereum’s official message board 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. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed 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 Gemini, GDAX or Coinbase.

ETH/USD price chart by TradingView