() traded 1.4% less against the U.S. Dollar during the 24-hour time period ending at 21:01 PM ET on the 31st of May. Ethereum's market cap is $225.93 Billion and in the past 24 hours, exchanges traded Ethereum worth approximately $6.42 Billion. On popular exchanges, one Ethereum coin is currently available for $1,878.90 (or 0.06924087 BTC). Ethereum's value against the U.S. Dollar has increased by 5.1% in the past seven days.
The performance of other crypto currencies over the past 24 hours is shown below:
Cardano (ADA), which is currently trading at $0.37, or 0.00001371 BTC, has traded 2% lower than the dollar.
Avalanche (AVAX), which trades for $14.10, or 0.00051956 BTC, is down 2.3% against the dollar.
Cosmos (ATOM), which trades for $10.42, or 0.00038411 BTC, is down 4.1% against the dollar.
Uniswap's (UNI) price is now $5.03, or 0.00018521 BTC. This is a 2.4% decline against the dollar.
Internet Computer (ICP), which trades for $4.67, or 0.00017205 BTC, is down 3.4% against the dollar.
Hedera (HBAR), which is a cryptocurrency, has traded at $0.0514 - 0.00000190 BTC. This is a 2.8% decline against the dollar.
Cronos (CRO), which is currently trading at $0.0596, or 0.00000220 BTC, has traded 1.2% lower than the dollar.
NEAR Protocol (NEAR), which trades for $1.57, or 0.00005773 BTC, is down 3.2% in value against the dollar.
Algorand (ALGO), which trades for $0.15 or 0.00000546 BTC, has fallen 2.6% in value against the dollar.
Kava (KAVA), which is currently trading at $1.03, or 0.00003793 BTC, has fallen 4.7% in value against the dollar.
It is a Proof-of-Stake coin (PoS), which uses the Ethash algorithm for hashing. It was traded for the first time on July 30, 2015. The total supply of Ethereum is 120,248,574 tokens. Here is a link to the article
CryptoCompare states that Ethereum is a platform decentralized for creating smart contracts and decentralized apps. Ether is its own cryptocurrency that allows users to communicate and transact without the need of a central authority. Ethereum, unlike Bitcoin, is a general-purpose blockchain that can perform a variety of tasks. It can be used to build apps, hold assets and facilitate financial transactions, while maintaining user privacy and avoiding any censorship. ETH is the native currency of Ethereum. It's used to power and secure the network. It also serves as collateral for other tokens and supports the Ethereum financial system. It is used to pay transaction fees, as a tool for decentralized financing or as a way to store value. ETH gained popularity through Initial Coin Offerings.
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