Ethereum Market Cap Tops $374.39 Billion (ETH)

Ethereum (ETH) traded 0.5% higher against the US dollar during the 1-day period ending at 20:00 PM Eastern on May 4th. One Ethereum coin can now be purchased for approximately $3,117.41 or 0.04879036 BTC on exchanges. Ethereum has a market cap of $374.39 billion and approximately $8.29 billion worth of Ethereum was traded on exchanges in the last day. During the last week, Ethereum has traded 4.2% lower against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Cardano (ADA) traded down 0.8% against the dollar and now trades at $0.46 or 0.00000726 BTC.
• Avalanche (AVAX) traded 5% higher against the dollar and now trades at $37.37 or 0.00058484 BTC.
• NEAR Protocol (NEAR) traded down 0% against the dollar and now trades at $6.87 or 0.00010760 BTC.
• Internet Computer (ICP) traded down 3.4% against the dollar and now trades at $13.17 or 0.00020607 BTC.
• Uniswap (UNI) traded 0.8% lower against the dollar and now trades at $7.53 or 0.00011791 BTC.
• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.11 or 0.00000170 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Cosmos (ATOM) traded down 0.8% against the dollar and now trades at $8.69 or 0.00013608 BTC.
• Fetch.ai (FET) traded down 0.5% against the dollar and now trades at $2.16 or 0.00003380 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.19 or 0.00000302 BTC.

Ethereum Coin Profile

Ethereum (CRYPTO: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 120,095,781 coins. Ethereum’s official message board is forum.ethereum.org. Ethereum’s official website is www.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.

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 Gemini, GDAX or Coinbase.

ETH/USD price chart by TradingView