Ethereum 24-Hour Trading Volume Reaches $23.02 Billion (ETH)

Ethereum (ETH) traded up 6.4% against the U.S. dollar during the 1 day period ending at 16:00 PM ET on October 29th. One Ethereum coin can now be bought for approximately $2,671.74 or 0.03632729 BTC on popular exchanges. During the last week, Ethereum has traded 1.7% higher against the U.S. dollar. Ethereum has a market capitalization of $321.69 billion and $23.02 billion worth of Ethereum was traded on exchanges in the last day.

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

• Cardano (ADA) traded up 5.1% against the dollar and now trades at $0.36 or 0.00000483 BTC.
• Avalanche (AVAX) traded up 5.2% against the dollar and now trades at $27.11 or 0.00036858 BTC.
• NEAR Protocol (NEAR) traded up 6.4% against the dollar and now trades at $4.46 or 0.00006069 BTC.
• Uniswap (UNI) traded 5.3% higher against the dollar and now trades at $7.97 or 0.00010835 BTC.
• Internet Computer (ICP) traded 5.6% higher against the dollar and now trades at $8.14 or 0.00011070 BTC.
• Cronos (CRO) traded up 4.7% against the dollar and now trades at $0.0770 or 0.00000105 BTC.
• Hedera (HBAR) traded 4.8% higher against the dollar and now trades at $0.0502 or 0.00000068 BTC.
• Cosmos (ATOM) traded 4.7% higher against the dollar and now trades at $4.55 or 0.00006192 BTC.
• Fetch.ai (FET) traded 10.6% higher against the dollar and now trades at $1.35 or 0.00001835 BTC.
• Algorand (ALGO) traded up 7.2% against the dollar and now trades at $0.12 or 0.00000168 BTC.

Ethereum Coin Profile

Ethereum is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It was first traded on July 30th, 2015. Ethereum’s total supply is 120,404,809 coins. The official website for Ethereum 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. The official message board for Ethereum 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 trade Ethereum using US dollars directly can do so using GDAX, Changelly or Gemini.

ETH/USD price chart by TradingView