Ethereum Price Hits $2,411.22 on Top Exchanges (ETH)

Ethereum (ETH) traded 4.7% lower against the US dollar during the 24 hour period ending at 10:00 AM Eastern on August 7th. One Ethereum coin can currently be bought for $2,411.22 or 0.04284775 BTC on cryptocurrency exchanges. Ethereum has a market cap of $289.97 billion and approximately $22.89 billion worth of Ethereum was traded on exchanges in the last 24 hours. Over the last week, Ethereum has traded down 27.2% against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Cardano (ADA) traded down 2% against the dollar and now trades at $0.33 or 0.00000583 BTC.
• Avalanche (AVAX) traded 2.7% lower against the dollar and now trades at $20.52 or 0.00036457 BTC.
• NEAR Protocol (NEAR) traded 2.7% lower against the dollar and now trades at $3.62 or 0.00006436 BTC.
• Uniswap (UNI) traded 2.6% lower against the dollar and now trades at $5.71 or 0.00010152 BTC.
• Internet Computer (ICP) traded down 3.3% against the dollar and now trades at $7.29 or 0.00012961 BTC.
• Cronos (CRO) traded 0.6% lower against the dollar and now trades at $0.0796 or 0.00000141 BTC.
• Hedera (HBAR) traded 1.9% lower against the dollar and now trades at $0.0548 or 0.00000097 BTC.
• Cosmos (ATOM) traded down 1.9% against the dollar and now trades at $4.84 or 0.00008593 BTC.
• Algorand (ALGO) traded 1.5% lower against the dollar and now trades at $0.11 or 0.00000200 BTC.
• Fetch.ai (FET) traded 2% lower against the dollar and now trades at $0.86 or 0.00001524 BTC.

About 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 120,259,133 coins. The official website for Ethereum 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. 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.”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView