Ethereum (ETH) Trading Down 8.9% This Week

Ethereum (ETH) traded 1% higher against the U.S. dollar during the twenty-four hour period ending at 21:00 PM ET on October 27th. During the last seven days, Ethereum has traded 8.9% lower against the U.S. dollar. Ethereum has a market capitalization of $300.69 billion and approximately $10.08 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can currently be bought for $2,497.40 or 0.03684249 BTC on popular exchanges.

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

• Cardano (ADA) traded up 2.4% against the dollar and now trades at $0.34 or 0.00000501 BTC.
• Avalanche (AVAX) traded 1.8% higher against the dollar and now trades at $25.74 or 0.00037980 BTC.
• NEAR Protocol (NEAR) traded 1.8% higher against the dollar and now trades at $4.30 or 0.00006337 BTC.
• Uniswap (UNI) traded up 2% against the dollar and now trades at $7.53 or 0.00011102 BTC.
• Internet Computer (ICP) traded up 1.2% against the dollar and now trades at $7.78 or 0.00011484 BTC.
• Cronos (CRO) traded up 1.8% against the dollar and now trades at $0.0740 or 0.00000109 BTC.
• Hedera (HBAR) traded up 1.7% against the dollar and now trades at $0.0488 or 0.00000072 BTC.
• Cosmos (ATOM) traded 2.3% higher against the dollar and now trades at $4.45 or 0.00006559 BTC.
• Fetch.ai (FET) traded up 3.2% against the dollar and now trades at $1.27 or 0.00001871 BTC.
• Algorand (ALGO) traded up 1.2% against the dollar and now trades at $0.12 or 0.00000170 BTC.

Ethereum Coin Profile

ETH 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 120,401,222 coins. 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 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.”

Ethereum Coin Trading

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

ETH/USD price chart by TradingView