Ethereum Price Tops $2,490.72 (ETH)

Ethereum (ETH) traded 0.5% higher against the US dollar during the 1 day period ending at 14:00 PM ET on October 27th. In the last seven days, Ethereum has traded 7.8% lower against the US dollar. Ethereum has a total market cap of $299.89 billion and $9.47 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be bought for $2,490.72 or 0.03682744 BTC on exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Cardano (ADA) traded up 2.8% against the dollar and now trades at $0.34 or 0.00000502 BTC.
• Avalanche (AVAX) traded 1.5% higher against the dollar and now trades at $25.67 or 0.00037957 BTC.
• NEAR Protocol (NEAR) traded up 1.7% against the dollar and now trades at $4.29 or 0.00006343 BTC.
• Uniswap (UNI) traded 2.3% higher against the dollar and now trades at $7.54 or 0.00011152 BTC.
• Internet Computer (ICP) traded up 1.7% against the dollar and now trades at $7.80 or 0.00011529 BTC.
• Cronos (CRO) traded 2% higher against the dollar and now trades at $0.0742 or 0.00000110 BTC.
• Hedera (HBAR) traded up 2.5% against the dollar and now trades at $0.0489 or 0.00000072 BTC.
• Cosmos (ATOM) traded up 1.2% against the dollar and now trades at $4.38 or 0.00006471 BTC.
• Fetch.ai (FET) traded 2.5% higher against the dollar and now trades at $1.26 or 0.00001860 BTC.
• Algorand (ALGO) traded 2.3% higher against the dollar and now trades at $0.12 or 0.00000171 BTC.

About Ethereum

Ethereum 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 120,401,222 coins. The official message board for Ethereum 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.”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView