Ethereum (ETH) Market Cap Reaches $376.81 Billion

Ethereum (ETH) traded 0.7% higher against the US dollar during the 24 hour period ending at 20:00 PM Eastern on May 5th. Ethereum has a market capitalization of $376.81 billion and $8.77 billion worth of Ethereum was traded on exchanges in the last 24 hours. During the last seven days, Ethereum has traded 3.7% lower against the US dollar. One Ethereum coin can currently be bought for approximately $3,137.54 or 0.04897952 BTC on major exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Cardano (ADA) traded down 1.1% against the dollar and now trades at $0.46 or 0.00000715 BTC.
• Avalanche (AVAX) traded up 0.4% against the dollar and now trades at $37.43 or 0.00058426 BTC.
• NEAR Protocol (NEAR) traded up 8.7% against the dollar and now trades at $7.48 or 0.00011680 BTC.
• Internet Computer (ICP) traded down 1.2% against the dollar and now trades at $13.01 or 0.00020306 BTC.
• Uniswap (UNI) traded up 0.9% against the dollar and now trades at $7.61 or 0.00011877 BTC.
• Hedera (HBAR) traded 1% higher against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded up 7.2% against the dollar and now trades at $9.31 or 0.00014538 BTC.
• Cronos (CRO) traded down 0.3% against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Fetch.ai (FET) traded up 9.5% against the dollar and now trades at $2.36 or 0.00003689 BTC.
• Algorand (ALGO) traded 2% higher against the dollar and now trades at $0.20 or 0.00000307 BTC.

Ethereum Profile

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 120,097,745 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 Twitter account is @ethereum and its Facebook page is accessible here. The official website for Ethereum is www.ethereum.org. Ethereum’s official message board is forum.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 US dollars directly can do so using Coinbase, Gemini or Changelly.

ETH/USD price chart by TradingView