Ethereum 1-Day Trading Volume Hits $12.06 Billion (ETH)

Ethereum (ETH) traded 0.4% lower against the dollar during the twenty-four hour period ending at 11:00 AM Eastern on August 22nd. One Ethereum coin can now be bought for approximately $2,597.90 or 0.04302632 BTC on exchanges. Ethereum has a total market capitalization of $312.51 billion and $12.06 billion worth of Ethereum was traded on exchanges in the last day. During the last seven days, Ethereum has traded 2.4% lower against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Cardano (ADA) traded up 3.6% against the dollar and now trades at $0.37 or 0.00000615 BTC.
• Avalanche (AVAX) traded up 7.9% against the dollar and now trades at $24.78 or 0.00041049 BTC.
• NEAR Protocol (NEAR) traded up 5.7% against the dollar and now trades at $4.31 or 0.00007138 BTC.
• Uniswap (UNI) traded up 4.9% against the dollar and now trades at $6.90 or 0.00011430 BTC.
• Internet Computer (ICP) traded up 7.7% against the dollar and now trades at $8.08 or 0.00013378 BTC.
• Cronos (CRO) traded up 2.2% against the dollar and now trades at $0.0876 or 0.00000145 BTC.
• Hedera (HBAR) traded up 2.8% against the dollar and now trades at $0.0549 or 0.00000091 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $4.73 or 0.00007830 BTC.
• Algorand (ALGO) traded 2.1% higher against the dollar and now trades at $0.14 or 0.00000224 BTC.
• Fetch.ai (FET) traded up 7.9% against the dollar and now trades at $0.99 or 0.00001638 BTC.

Ethereum 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 120,293,672 coins. Ethereum’s official message board is forum.ethereum.org. 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 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 also gained recognition through initial coin offerings.”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView