Ethereum (ETH) Trading Down 11.8% Over Last 7 Days

Ethereum (ETH) traded down 2.4% against the US dollar during the twenty-four hour period ending at 23:00 PM E.T. on August 9th. Ethereum has a total market cap of $313.94 billion and $17.32 billion worth of Ethereum was traded on exchanges in the last 24 hours. Over the last week, Ethereum has traded down 11.8% against the US dollar. One Ethereum coin can now be bought for about $2,610.40 or 0.04303231 BTC on major cryptocurrency exchanges.

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

• Cardano (ADA) traded 1.7% lower against the dollar and now trades at $0.35 or 0.00000572 BTC.
• Avalanche (AVAX) traded 3.3% lower against the dollar and now trades at $21.67 or 0.00035720 BTC.
• NEAR Protocol (NEAR) traded 2.3% lower against the dollar and now trades at $4.05 or 0.00006672 BTC.
• Uniswap (UNI) traded 1.1% lower against the dollar and now trades at $6.13 or 0.00010104 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $7.41 or 0.00012223 BTC.
• Cronos (CRO) traded 14.8% higher against the dollar and now trades at $0.0959 or 0.00000158 BTC.
• Hedera (HBAR) traded 4.7% lower against the dollar and now trades at $0.0558 or 0.00000092 BTC.
• Cosmos (ATOM) traded down 1.3% against the dollar and now trades at $5.06 or 0.00008343 BTC.
• Algorand (ALGO) traded down 1.3% against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Fetch.ai (FET) traded 4.1% lower against the dollar and now trades at $0.85 or 0.00001399 BTC.

Ethereum Profile

Ethereum (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 120,265,392 coins. The official message board for Ethereum is forum.ethereum.org. 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.

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 US dollars directly can do so using GDAX, Changelly or Gemini.

ETH/USD price chart by TradingView