() rose 1.6% in value against the US dollar over the 24 hour period ending at 22:20 PM Eastern time on the 26th of May. Ethereum's market cap is $220.16 Billion and in the past day, exchanges traded Ethereum worth $5.26 Billion. Ethereum's value against the dollar has increased by 1.1% in the past week. On major exchanges, one Ethereum coin is now available for around $1,830.75 (0.06852359 BTC).
The performance of other crypto currencies over the past day is shown below:
Cardano (ADA), which is currently trading at $0.36, or 0.00001362 Bitcoins, has gained 2.5% in value against the dollar.
Avalanche (AVAX), which is currently trading at $14.41, or 0.00053931 BTC, has traded 2.8% higher than the dollar.
Cosmos (ATOM), which is a cryptocurrency, traded 0.5% higher than the dollar. It now trades for $10.54 BTC or 0.00039456 BTC.
Uniswap, or UNI, is currently trading at $4.97 (0.00018620 BTC) and has gained 0.6% in value against the US dollar.
Internet Computer (ICP), which trades for $4.82, or 0.00018052 BTC, is up 1% in value against the dollar.
Hedera (HBAR), which is currently trading at $0.0523, or 0.00000196 BTC, has traded up 3.8% against the dollar.
Cronos (CRO), which is currently trading at $0.0601, or 0.00000225 BTC, has traded 0.5% higher than the dollar.
NEAR Protocol (NEAR), which is currently trading at $1.58, or 0.00005924 BTC, has gained 2% in value against the dollar.
Algorand (ALGO), which trades for $0.15 or 0.00000562 BTC, is now 1.3% higher than the dollar.
Kava (KAVA), which is currently trading at $1.12, or 0.00004182 BTC, has gained 4.1% in value against the US dollar.
It is a Proof-of-Stake coin (PoS), which uses the Ethash algorithm for hashing. The first trade took place on 30th July 2015. The total supply of Ethereum is 120,258,106. 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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