Ethereum (ETH) Market Cap Hits $368.67 Billion

Ethereum (ETH) traded down 2.3% against the dollar during the twenty-four hour period ending at 20:00 PM ET on May 6th. Ethereum has a market capitalization of $368.67 billion and $13.03 billion worth of Ethereum was traded on exchanges in the last day. One Ethereum coin can currently be bought for approximately $3,069.69 or 0.04852771 BTC on major cryptocurrency exchanges. Over the last seven days, Ethereum has traded down 4.3% against the dollar.

Here is how related cryptocurrencies have performed over the last day:

• Cardano (ADA) traded 0.9% lower against the dollar and now trades at $0.45 or 0.00000719 BTC.
• Avalanche (AVAX) traded down 0.5% against the dollar and now trades at $37.12 or 0.00058676 BTC.
• NEAR Protocol (NEAR) traded 1.6% lower against the dollar and now trades at $7.31 or 0.00011563 BTC.
• Internet Computer (ICP) traded 1.7% lower against the dollar and now trades at $12.81 or 0.00020247 BTC.
• Uniswap (UNI) traded 1.3% lower against the dollar and now trades at $7.50 or 0.00011856 BTC.
• Hedera (HBAR) traded up 3.5% against the dollar and now trades at $0.11 or 0.00000182 BTC.
• Cosmos (ATOM) traded down 1.1% against the dollar and now trades at $9.21 or 0.00014559 BTC.
• Cronos (CRO) traded 2.3% lower against the dollar and now trades at $0.13 or 0.00000205 BTC.
• Fetch.ai (FET) traded 0.8% higher against the dollar and now trades at $2.40 or 0.00003790 BTC.
• Algorand (ALGO) traded 1.2% lower against the dollar and now trades at $0.19 or 0.00000307 BTC.

Ethereum Profile

Ethereum (CRYPTO:ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its launch date was July 30th, 2015. Ethereum’s total supply is 120,099,597 coins. Ethereum’s official website is www.ethereum.org. Ethereum’s official message board is forum.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.

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 Gemini, Coinbase or GDAX.

ETH/USD price chart by TradingView