ETH right now is 2847

Répondu le Nov 07, 2024

Ethereum (ETH) Price Overview

As of November 7, 2024, the price of Ethereum (ETH) is $2,844.71. This reflects a 7.77% increase over the last 24 hours (CoinDesk).

Key Market Data

  • Current Price: $2,844.71
  • 24-Hour Trading Volume: $35.52 billion
  • Market Cap: $342.56 billion
  • Circulating Supply: 120.42 million ETH

Ethereum remains the second-largest cryptocurrency by market capitalization, following Bitcoin (CoinDesk).

Ethereum's Role and Functionality

Ethereum is a decentralized, open-source blockchain system. It supports its own cryptocurrency, Ether (ETH), and serves as a platform for other cryptocurrencies and decentralized applications (dApps). These dApps are powered by smart contracts, which are self-executing contracts with the terms of the agreement directly written into code (CoinMarketCap).

Recent Developments

  • Smart Contracts and dApps: Ethereum's ability to run smart contracts has made it a popular choice for developers looking to create decentralized applications. This functionality has expanded the utility of cryptocurrencies beyond simple transactions (CoinDesk).

  • NFTs on Ethereum: Ethereum is a leading platform for non-fungible tokens (NFTs), with popular collections like Bored Ape Yacht Club and Pudgy Penguins being traded on its blockchain (ethprice.io).

Ethereum's Market Position

Ethereum's market position is bolstered by its robust ecosystem and widespread adoption. It ranks second in market capitalization among all cryptocurrencies, highlighting its significant role in the crypto market (ethprice.io).

Buying Ethereum

To purchase Ethereum, follow these steps:

  1. Set Up a Purchase: Choose Ethereum (ETH) and specify the fiat currency for payment.
  2. Fill in Details: Provide your crypto wallet details and payment method.
  3. Confirm Identity: Verify your identity with a photo ID.
  4. Make a Payment: Follow on-screen instructions to complete the transaction (ethprice.io).

Conclusion

Ethereum continues to be a pivotal player in the cryptocurrency space, with its price currently at $2,844.71. Its ability to support smart contracts and dApps, along with its role in the NFT market, underscores its importance in the digital economy.