Ethereum Overview
Ethereum Overview
Ethereum is a decentralized and open-source blockchain network that introduced smart contracts -computer programs that run as programmed without an intermediary. The Ethereum network is powered by its native token ether (ETH), which is also used for paying the network fees and as a reward to compensate miners responsible for confirming transactions and securing the network.
ETH is currently the second-largest cryptocurrency by market capitalization and hosts the largest share of blockchain-based decentralized applications (dApps). Vitalik Buterin initially published the concept of Ethereum in his 2013 whitepaper. While Ethereum currently employs the Proof-of-Work (PoW) consensus mechanism to mine new tokens, validate transactions, and secure its network, it is gradually transitioning towards the Proof-of-Stake (PoS) mechanism in a bid to lower its carbon footprint.
Ethereum provides the necessary infrastructure (a decentralized virtual machine) that can execute peer-to-peer smart contracts. Ethereum can be used to codify, decentralize, secure, and trade almost anything: voting rights; decentralized financial products; crowdfunding campaigns; legal contracts; intellectual property rights; digital assets such as music and video files; blockchain games, and much more.
ETH reached its all-time high of $4,891.70 on Nov 16, 2021. During the same period, ETH’s total market capitalization touched the $500 billion mark.
ETH is currently the second-largest cryptocurrency by market capitalization and hosts the largest share of blockchain-based decentralized applications (dApps). Vitalik Buterin initially published the concept of Ethereum in his 2013 whitepaper. While Ethereum currently employs the Proof-of-Work (PoW) consensus mechanism to mine new tokens, validate transactions, and secure its network, it is gradually transitioning towards the Proof-of-Stake (PoS) mechanism in a bid to lower its carbon footprint.
Ethereum provides the necessary infrastructure (a decentralized virtual machine) that can execute peer-to-peer smart contracts. Ethereum can be used to codify, decentralize, secure, and trade almost anything: voting rights; decentralized financial products; crowdfunding campaigns; legal contracts; intellectual property rights; digital assets such as music and video files; blockchain games, and much more.
ETH reached its all-time high of $4,891.70 on Nov 16, 2021. During the same period, ETH’s total market capitalization touched the $500 billion mark.
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Ethereum Price Chart
ETHEthereum
$1632.14
Price Change:
Ethereum Current Price
$1632.14Price Change (24h)
$83.68 (5.42%)24h Low - 24h High
$1,536.65 - $1,657.1724h Volume
$907.80M (561,917.36)Ethereum Market Cap
$199.04BVolume / Market Cap
0.00456Market Cap Dominance
20.45%Circulation Supply
122.29MTotal Supply
122.29MMax Supply
N/AHash rate
93.96M TH/sAll-Time High
$4,865.94(-66.52%)
1-Year Price Return
-53.45%6-Month Price Return
-36.12%3-Month Price Return
-8.35%1-Month Price Return
-4.70%Ethereum and Blockchain Related Companies
Alphabet Class C
$109.78
$144.64
(31.75% Upside)
-26.14%
11 Buy
0 Hold
0 Sell
Strong Buy
premium
premium
Nvidia
$138.00
$208.16
(50.84% Upside)
-38.56%
23 Buy
9 Hold
0 Sell
Moderate Buy
premium
premium
Mastercard
$328.24
$412.24
(25.59% Upside)
-4.67%
19 Buy
1 Hold
1 Sell
Strong Buy
premium
premium
Cisco Systems
$44.97
$54.63
(21.48% Upside)
-22.30%
8 Buy
10 Hold
1 Sell
Moderate Buy
premium
premium
Accenture
$285.95
$340.93
(19.23% Upside)
-15.98%
10 Buy
5 Hold
0 Sell
Moderate Buy
premium
premium
Advanced Micro Devices
$82.10
$120.24
(46.46% Upside)
-25.02%
20 Buy
8 Hold
1 Sell
Moderate Buy
premium
premium
International Business Machines
$127.57
$147.75
(15.82% Upside)
0.75%
5 Buy
4 Hold
1 Sell
Moderate Buy
premium
premium
Paypal Holdings
$95.68
$119.74
(25.15% Upside)
-66.70%
24 Buy
7 Hold
0 Sell
Strong Buy
premium
premium
CME Group
$201.15
$210.20
(4.50% Upside)
2.97%
3 Buy
6 Hold
2 Sell
Hold
premium
premium
Metlife
$66.55
$76.09
(14.34% Upside)
9.49%
11 Buy
0 Hold
0 Sell
Strong Buy
premium
premium
Ethereum News & Analysis
Read the latest Ethereum news and analysis from the TipRanks news team.
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Crypto News
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Correlations to Ethereum
ProShares Bitcoin Strategy ETF
0.59
Invesco QQQ Trust
0.76
SPDR Gold Shares
0.59
SPDR S&P 500 ETF Trust
0.79
Coinbase Global, Inc.
0.64
Silvergate Capital Corp.
0.69
Marathon Digital Holdings, Inc.
0.82
Overstock.Com
0.74
Microstrategy
0.74
Riot Blockchain
0.76
Correlation shows how closely two variables move in relation to one another. In investing, this relationship is expressed numerically and ranges between -1.0 and 1.0.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
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Leading Cryptocurrencies
Bitcoin
19210.15
$366.84B
Ethereum
1632.14
$199.04B
Ripple
0.33
$33.19B
Litecoin
57.10
$4.05B
Bitcoin Cash
127.45
$2.43B
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Major Stock Indexes
S&P 500
3981.46
Dow Jones Industrial Average
31568.67
Nasdaq 100
12262.29
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Ethereum FAQ
What is Ethereum?
Ethereum is a decentralized blockchain software platform that supports Ether, the second largest cryptocurrency by market cap, after Bitcoin.
How can I buy Ether?
There are a few ways that you can buy Ether. These include:
- On a cryptocurrency exchange. Some cryptocurrency exchanges accept fiat (regular currency) payments, including PayPal, credit card, and bank transfer. Others require cryptocurrency payments.
- Acquiring it peer-to-peer. For example, you can sell a product online and request payment by Ether. You will need an Ethereum-compatible wallet to accept payment.
- Buying it over the counter (OTC) where you use a broker.
- Using an ATM which offers Ether.
Are there different ways to invest in Ethereum?
Yes, you can gain exposure to Ether without investing in it directly. One of the best ways to do this is to invest in stocks that offer exposure to Ether.
What is the price of one Ether?
The current Ether price is $1,632.14
How is Ethereum different from Bitcoin?
Ethereum and Bitcoin are both digital currencies. The difference is that Ethereum’s blockchain network enables smart contract utilization, while Bitcoin is only intended as a medium of exchange, or a store of value.
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Ethereum Overview
Ethereum is a decentralized and open-source blockchain network that introduced smart contracts -computer programs that run as programmed without an intermediary. The Ethereum network is powered by its native token ether (ETH), which is also used for paying the network fees and as a reward to compensate miners responsible for confirming transactions and securing the network.
ETH is currently the second-largest cryptocurrency by market capitalization and hosts the largest share of blockchain-based decentralized applications (dApps). Vitalik Buterin initially published the concept of Ethereum in his 2013 whitepaper. While Ethereum currently employs the Proof-of-Work (PoW) consensus mechanism to mine new tokens, validate transactions, and secure its network, it is gradually transitioning towards the Proof-of-Stake (PoS) mechanism in a bid to lower its carbon footprint.
Ethereum provides the necessary infrastructure (a decentralized virtual machine) that can execute peer-to-peer smart contracts. Ethereum can be used to codify, decentralize, secure, and trade almost anything: voting rights; decentralized financial products; crowdfunding campaigns; legal contracts; intellectual property rights; digital assets such as music and video files; blockchain games, and much more.
ETH reached its all-time high of $4,891.70 on Nov 16, 2021. During the same period, ETH’s total market capitalization touched the $500 billion mark.
ETH is currently the second-largest cryptocurrency by market capitalization and hosts the largest share of blockchain-based decentralized applications (dApps). Vitalik Buterin initially published the concept of Ethereum in his 2013 whitepaper. While Ethereum currently employs the Proof-of-Work (PoW) consensus mechanism to mine new tokens, validate transactions, and secure its network, it is gradually transitioning towards the Proof-of-Stake (PoS) mechanism in a bid to lower its carbon footprint.
Ethereum provides the necessary infrastructure (a decentralized virtual machine) that can execute peer-to-peer smart contracts. Ethereum can be used to codify, decentralize, secure, and trade almost anything: voting rights; decentralized financial products; crowdfunding campaigns; legal contracts; intellectual property rights; digital assets such as music and video files; blockchain games, and much more.
ETH reached its all-time high of $4,891.70 on Nov 16, 2021. During the same period, ETH’s total market capitalization touched the $500 billion mark.
Crypto News
Correlations to Ethereum
ProShares Bitcoin Strategy ETF
0.59
Invesco QQQ Trust
0.76
SPDR Gold Shares
0.59
SPDR S&P 500 ETF Trust
0.79
Coinbase Global, Inc.
0.64
Silvergate Capital Corp.
0.69
Marathon Digital Holdings, Inc.
0.82
Overstock.Com
0.74
Microstrategy
0.74
Riot Blockchain
0.76
Correlation shows how closely two variables move in relation to one another. In investing, this relationship is expressed numerically and ranges between -1.0 and 1.0.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
A correlation of 1 is a perfect positive correlation. In this case, as one security moves, the other security moves in the same direction by the same percentage.
A correlation of -1 is a perfect negative correlation. As one security moves, the other moves in the opposite direction.
A zero correlation implies no relationship between the two securities.
Leading Cryptocurrencies
Bitcoin
19210.15
$366.84B
Ethereum
1632.14
$199.04B
Ripple
0.33
$33.19B
Litecoin
57.10
$4.05B
Bitcoin Cash
127.45
$2.43B
Major Stock Indexes
S&P 500
3981.46
Dow Jones Industrial Average
31568.67
Nasdaq 100
12262.29