Ethereum Hits 1-Day Volume of $10.19 Billion (ETH)

Ethereum (ETH) traded down 0.1% against the US dollar during the 1-day period ending at 8:00 AM E.T. on May 6th. One Ethereum coin can currently be bought for about $3,132.96 or 0.04886263 BTC on popular exchanges. Ethereum has a total market cap of $376.27 billion and approximately $10.19 billion worth of Ethereum was traded on exchanges in the last 24 hours. In the last seven days, Ethereum has traded 1% lower against the US dollar.

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

• Cardano (ADA) traded 1.4% higher against the dollar and now trades at $0.46 or 0.00000723 BTC.
• Avalanche (AVAX) traded up 3.2% against the dollar and now trades at $38.12 or 0.00059453 BTC.
• NEAR Protocol (NEAR) traded up 3.9% against the dollar and now trades at $7.40 or 0.00011542 BTC.
• Internet Computer (ICP) traded up 3.5% against the dollar and now trades at $13.35 or 0.00020824 BTC.
• Uniswap (UNI) traded 3% higher against the dollar and now trades at $7.65 or 0.00011924 BTC.
• Hedera (HBAR) traded up 8.6% against the dollar and now trades at $0.12 or 0.00000184 BTC.
• Cosmos (ATOM) traded 5.9% higher against the dollar and now trades at $9.39 or 0.00014638 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.13 or 0.00000206 BTC.
• Fetch.ai (FET) traded up 9.2% against the dollar and now trades at $2.41 or 0.00003763 BTC.
• Algorand (ALGO) traded 1.3% higher against the dollar and now trades at $0.20 or 0.00000308 BTC.

Ethereum Coin Profile

Ethereum (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 120,099,597 coins. 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. 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.”

Ethereum Coin Trading

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

ETH/USD price chart by TradingView