Ethereum (ETH) Price Up 12.1% This Week

Ethereum (ETH) traded 3.8% higher against the dollar during the twenty-four hour period ending at 22:00 PM E.T. on October 20th. Over the last seven days, Ethereum has traded 12.1% higher against the dollar. Ethereum has a total market cap of $330.21 billion and approximately $16.10 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be purchased for about $2,742.84 or 0.03969571 BTC on major cryptocurrency exchanges.

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

• Cardano (ADA) traded up 4.7% against the dollar and now trades at $0.37 or 0.00000532 BTC.
• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $28.96 or 0.00041910 BTC.
• NEAR Protocol (NEAR) traded up 5% against the dollar and now trades at $5.01 or 0.00007250 BTC.
• Uniswap (UNI) traded 5.7% higher against the dollar and now trades at $7.75 or 0.00011211 BTC.
• Internet Computer (ICP) traded up 5% against the dollar and now trades at $8.36 or 0.00012102 BTC.
• Cronos (CRO) traded 2.4% higher against the dollar and now trades at $0.0792 or 0.00000115 BTC.
• Hedera (HBAR) traded 5.6% higher against the dollar and now trades at $0.0557 or 0.00000081 BTC.
• Cosmos (ATOM) traded up 7% against the dollar and now trades at $4.73 or 0.00006839 BTC.
• Fetch.ai (FET) traded 5.4% higher against the dollar and now trades at $1.46 or 0.00002110 BTC.
• Algorand (ALGO) traded up 6% against the dollar and now trades at $0.13 or 0.00000188 BTC.

About Ethereum

Ethereum (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 120,391,114 coins. Ethereum’s official message board is forum.ethereum.org. 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.

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 GDAX, Gemini or Coinbase.

ETH/USD price chart by TradingView