Ethereum (ETH) Reaches Market Capitalization of $417.47 Billion

Ethereum (ETH) traded down 2.4% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on June 13th. One Ethereum coin can currently be bought for $3,474.49 or 0.05209435 BTC on popular cryptocurrency exchanges. Over the last week, Ethereum has traded 8.7% lower against the U.S. dollar. Ethereum has a market capitalization of $417.47 billion and approximately $14.58 billion worth of Ethereum was traded on exchanges in the last 24 hours.

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

  • Cardano (ADA) traded down 3.9% against the dollar and now trades at $0.42 or 0.00000632 BTC.
  • Avalanche (AVAX) traded 6.4% lower against the dollar and now trades at $31.20 or 0.00046778 BTC.
  • NEAR Protocol (NEAR) traded 7.8% lower against the dollar and now trades at $5.87 or 0.00008802 BTC.
  • Uniswap (UNI) traded up 1.5% against the dollar and now trades at $10.24 or 0.00015347 BTC.
  • Internet Computer (ICP) traded 7.6% lower against the dollar and now trades at $9.70 or 0.00014550 BTC.
  • Hedera (HBAR) traded 4.2% lower against the dollar and now trades at $0.0884 or 0.00000132 BTC.
  • Cosmos (ATOM) traded down 4.5% against the dollar and now trades at $7.44 or 0.00011149 BTC.
  • Cronos (CRO) traded 3.6% lower against the dollar and now trades at $0.10 or 0.00000151 BTC.
  • Fetch.ai (FET) traded down 7.8% against the dollar and now trades at $1.59 or 0.00002379 BTC.
  • Algorand (ALGO) traded down 6.7% against the dollar and now trades at $0.16 or 0.00000233 BTC.

Ethereum Coin Profile

Ethereum is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It launched on July 30th, 2015. Ethereum’s total supply is 120,152,590 coins. Ethereum’s official message board is forum.ethereum.org. 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 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.”

Ethereum Coin Trading

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

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