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What is the price of ethereum today?

The price of ethereum, or 1 ETH, traded at $3,631.29, as of 8 a.m. ET.

The chart above is pulling data as of 8 a.m. ET daily and doesnt display intraday highs or lows.

Even though ethereum is not the first altcoin, its the most popular and successful. The cryptocurrency was launched in 2015.Its blockchain has generated tremendous growth and returns over the past nine years.

The return comparisons are as of 8 a.m. ET.

The leading altcoin has shifted global financial markets and amassed a global market capitalization of $436.03 billion. ETH is currently up 105.64% year over year.

Today, ethereum's $436.03 billion market capitalization is second to bitcoin's. Bitcoin and ethereum represent 68.18% of the entire cryptocurrency market. Behind ethereum, the third-largest crypto is BNB, with a market cap of just $86.50 billion.

Bitcoin and ethereum's combined crypto market dominance has fluctuated over the years. But it has trended steadily higher since late 2022.

Ethereum's market cap of $436.03 billion is slightly more than some major blue-chip stocks, such as Home Depot (HD) at $386.77 billion and Johnson & Johnson (JNJ) at $374.07 billion.

Ethereum is a blockchain-based network created to facilitate secure, decentralized financial transactions. The network's native cryptocurrency is ether.

Unlike bitcoin, ethereums programmable blockchain allows users to securely verify and execute code, including smart contracts and decentralized applications. Smart contracts on the ethereum network are software applications that run automatically on the blockchain when certain predetermined conditions are met.

The ethereum network's decentralized nature allows developers to run programs without relying on Big Tech companies or other third parties. Rather than running software on cloud servers housed in massive data centers owned by Google, ethereum users can run applications by leveraging ethereum's large network of small, private computers.

Applications on the ethereum blockchain include options for gaming, socializing, gambling and decentralized finance. The ethereum blockchain is also home to the world's largest non-fungible tokens. NFTs are unique digital creations representing ownership of digital property, such as a work of art, song or video.

Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network. Gas fees are akin to highway tolls. Users pay these fees to use the ethereum blockchain.

The unit of measurement for gas fees is gwei. One gwei equals one billionth of one ETH.

Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.

The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.

Ethereum's parabolic 2017 rally was partly driven by CME Group's announcement that it would launch bitcoin futures contracts late that year. They were the first crypto-currency related products offered by a regulated U.S. financial institution.

Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.

The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple rounds of government stimulus checks also left many Americans with extra disposable income.

Ethereum prices reached $4,891 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. During the 2022 crypto winter, ETH prices dropped below $900.

The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commissions approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices. Many crytpo enthusiasts see this as an encouraging sign for the approval of ethereum spot ETFs. Ethereum prices soared to 4,088.00 in March 2024.

Since ethereums launch in 2015, there's no question that bitcoin and ETH have been spectacular investments.

The past years enthusiasm for bitcoin spot ETFs has reversed the performance gap between the two major cryptos. The price of bitcoin is up 153.26% year over year, compared to a 105.64% gain for ethereum.

You can buy ethereum on popular cryptocurrency exchanges like Binance, Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Robinhood, Interactive Brokers and Webull.

In addition, you can buy ethereum on leading payment apps Venmo and PayPal. Finally, ethereum can be bought directly by searching for a physical cryptocurrency ATM that sells ether.

When you buy ethereum directly, you must store your ETH in a cryptocurrency wallet. This is much like storing paper money in a physical wallet.

The private keys are needed to send or receive cryptocurrency in a digital wallet. A person who controls a wallet's private keys controls all the cryptocurrency associated with the wallet.

Ethereum wallets can be hardware wallets resembling USB sticks or software wallet apps that store ETH on a smartphone or another device. Hot wallets are connected to the internet, while cold wallets are not. Hot wallets are generally considered more convenient, but cold wallets can be safer and more secure.

In addition to buying ethereum directly, you can indirectly speculate on the ethereum market via ethereum funds.

The SEC approved the first wave of ethereum futures ETFs in late 2023. These ETFs don't invest in ethereum directly but instead hold ethereum futures contracts. Leading ethereum futures ETFs include the VanEck Ethereum Strategy ETF (EFUT), the ProShares Ether Strategy ETF (EETH) and the Bitwise Ethereum Strategy ETF (AETH).

The popular Grayscale Ethereum Trust (ETHE) tracks the price of ETH. But Grayscale can only trade over the counter in the U.S. until it receives approval to convert into an ETF. That conversion is contingent on the SECs approval.

Ultimately, ethereum investors are hoping that the SEC approves spot ethereum ETFs. Spot ETFs invest directly in the underlying cryptocurrency rather than futures contracts or other derivatives. Grayscale and BlackRock are among several companies that have applied for SEC approval.

Ethereum does not represent ownership of assets with tangible value and does not generate earnings, revenue or cash flow. ETHs price is determined exclusively by supply and demand. If the popularity of the ethereum network continues to grow in the long term, demand for ethereum will likely grow over time.

Ethereum and other cryptocurrencies are extremely volatile. That makes it difficult to predict how its price will behave. Ethereum has performed extremely well overall since its launch in 2015. But past performance is no guarantee of future results.

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Ethereum price today: ETH is up 52.15% YTD - USA TODAY

Like the climax of a heist movie, the crypto markets latest sensation, Koala Coin (KLC), has investors on the edge of their seats. Koala Coin (KLC), now available in its presale for just $0.014, promises a unique fusion of meme culture charm and serious financial prospects. Its setting the stage for what could be the most engaging investment opportunity of the year.

Koala Coin (KLC) stands out in the crowded crypto space with its blend of meme culture joy and serious financial promise, creating an irresistible allure for investors. With governance rights, staking rewards and a vault of exclusive memes, Koala Coin (KLC) promises a unique mix of camaraderie and profit.

Amidst a buzzing presale, Koala Coin (KLC) is not just another token. Investors are drawn to its robust secure blockchain technology and the promise of a community-driven future. The fear of missing out on this ground-breaking opportunity is palpable. Driving Ethereum (ETH) and Dogecoin (DOGE) enthusiasts to join the Koala Coin (KLC) family.

Ethereum (ETH) remains a cornerstone in the world of cryptocurrency, valued at $3330.07 and showing a healthy 30-day increase of 13.40%. This growth underscores the pivotal role of Ethereum (ETH) in the digital asset space, primarily due to its pioneering smart contract technology.

However, Ethereum (ETH) is grappling with its own challenges, particularly in terms of scalability and transaction fees. These issues have highlighted the pressing need to transition to Ethereum (ETH) 2.0, a significant upgrade to enhance network efficiency and reduce costs. Ethereum (ETH) must address these hurdles while capitalizing on its established infrastructure and developer community.

Dogecoin (DOGE) has transcended its origins as a playful meme to become a major player in the cryptocurrency market, currently valued at $0.17 and witnessing a staggering 30-day growth of 103.67%. This remarkable ascent reflects the unique position of Dogecoin (DOGE) at the intersection of humor and serious investment potential, capturing the imaginations of traders and investors alike.

The sustainability of the value of Dogecoin (DOGE) gains remains a topic of debate among investors, with some concerned about its long-term viability in a rapidly evolving cryptocurrency landscape. To maintain its newfound status and continue attracting investment, Dogecoin (DOGE) may need to innovate further.

As the Koala Coin (KLC) presale progresses, the air is thick with anticipation and a sense of FOMO. Ethereum (ETH) and Dogecoin (DOGE) investors, known for their keen sense of market shifts, are rallying to Koala Coin (KLC), recognizing its unparalleled potential for growth.

Dive into the heartwarming, wealth-building journey with Koala Coin (KLC) and witness your investments soar to eucalyptus heights.

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The Koala Coin (KLC) Presale Draws a Crowd Attracting Ethereum (ETH) and Dogecoin (DOGE) Investors Amid ... - Analytics Insight

Cryptocurrency users looking for the latest alpha in SportFi and zero-knowledge rollups can keep close tabs on data and insights from blockchain Chiliz and Ethereum layer 2 zkSync through new integrations on Nansen.

The blockchain analytics platform announced the integration of the two different protocols on March 28, unlocking on-chain data analytics and insights for its users.

Nansen data journalist Martin Lee told Cointelegraph that the integration provides a high-level overview of both ecosystems, allowing cryptocurrency teams to run their own queries and get insights from the raw data itself via Nansen query:

The functionality will unlock data insights into Chiliz, the proprietary blockchain powering scores of fan tokens licensed by high-profile sports teams and organizations worldwide that operate on the Socios platform.

Related: Man and machine: Nansens analytics slowly labeling worldwide wallets

Chiliz and Socios CEO Alexandre Dreyfus says the collaboration will deepen the understanding of the Chiliz ecosystem and potentially drive user adoption and growth of the SportFi ecosystem:

According to data from CoinMarketCap, the Chiliz blockchain has a total market capitalization of $1.2 billion. The ecosystem has attracted many of the biggest football clubs, including Manchester City and Paris Saint Germain (PSG).

Cointelegraph reviewed Chilizs blockchain through Nansen 2, the latest version of the analytics platform, which reflects an average of 2,100 daily active addresses. Manchester City, Binance, Turkish club Trabzonspor, Galatasaray and PSG are listed as the top five entities on-chain over the past week.

Related:Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator

Ethereum scaling protocol zkSync is one of the major zero-knowledge proof rollups in the ecosystem, processing over a million transactions daily for over 350,000 addresses, according to data from Nansens dashboard.

Matter Labs head of business development, Omar Azhar, believes the integration with Nansen will prove valuable to the zkSync ecosystem and wider Web3 space by making processing on-chain data that is actionable and digestible.

The great benefit of permissionless blockchains such as zkSync is that all the data is public and contains valuable insights for builders, investors and end-users alike, Azhar said.

Related: Paris Saint-Germain begins Web3 drive as a new blockchain validator for Chiliz Chain

Nansen has garnered a reputation for its wallet-labeling and blockchain analytics. In October 2022, Cointelegraph interviewed its CEO Alex Svanevik at the firms Singapore headquarters, where the founder recounted Nansens genesis story and estimated that the platform scans nearly a petabyte of data daily from the variety of blockchains it monitors.

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Link:

Nansen integrates blockchain data from SportFi chain Chiliz and Ethereum rollup zkSync - Cointelegraph

Ethereum co-founder Vitalik Buterin has launched a proposal to enhance the decentralization and fairness of the Ethereum networks staking process, marking a significant stride in refining the protocol.

Dubbed the anti-correlation incentive program, this initiative seeks to penalize what is considered routine mistakes by validators, such as failing to complete an attestationa process vital for the networks security and efficiency.

The rationale behind Buterins proposal stems from an observation within decentralized systems: errors made by one participant are likely to be mirrored across other nodes or validators controlled by the same entity.

The anti-correlation incentive is designed to discourage such uniformity in errors, thereby fostering a more distributed and robust network structure.

Central to Buterins argument is the concern that without such measures, attempts to promote decentralization could inadvertently encourage only a veneer of compliance. Validators might simply appear to diversify without genuinely distributing control or resources, thus maintaining the status quo under the guise of decentralization.

Ethereum already employs penalty mechanisms for serious infractions, known as slashing, but these have historically been reserved for egregious or malicious behavior. The proposed anti-correlation incentive program, however, would integrate penalties into the everyday operations of the network.

The approach aims to address particularly the large stakers operating numerous validators from a singular location or device, which could lead to widespread, correlated failures within the network.

Buterin suggests that the new program would compel these large entities to genuinely diversify their operations, thereby reducing the risk of simultaneous failures while still enabling them to leverage economies of scale. The idea is to balance the scale advantages of large validators with the need for a decentralized and resilient network.

To ensure fairness, the proposal is tailored to impact primarily large validators, with safeguards in place to prevent undue hardship on smaller participants. It ensures that the punitive aspects of the program are directed where they can encourage real change, without disproportionately affecting those with fewer resources.

Speaking at ETHTaipei 2024, which took place from March 21 to 24, Buterin earlier talked about rainbow staking. The concept encourages diversity in service providers, attempting to address Ethereums centralization issues further.

His concern over centralization was highlighted by the dominance of platforms like Lido Finance, which, at one point, controlled over 70% of Ethereum-staked assets despite these being distributed among numerous validators.

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Ethereum's co-founder proposes new plan to boost decentralization in crypto staking - crypto.news

An amusing attempt at satire has drawn the ire of Cardano founder Charles Hoskinson, or so it appears.

In response to a fan commentary doubting the blockchains roadmap and criticizing its supposed similarity to Ethereum, Hoskinson responded, "Its getting delusion town now," and, We are living rent-free in the maxi minds. I pity them." Addressing the Ethereum comparison, the founder said:

"Cardano's sidechain plans mutually benefit both Cardano and the sidechain," he stated.

In March 2020, the Cardano Foundation published a research paper describing Hydra, a layer-2 solution using sidechains to offload transactions from the main network. Hoskinson explained that Cardano would soon become the fastest system in the world," raising the following example:

In an ask-me-anything session from November 2021, Hoskinson revealed that the Hydra project was still under development with no set launch date. The first mainnet-compatible Hydra node was released on May 11, 2023. Since then, developers have teased the upcoming Hydra Pay, a supposed layer-2 integration with Cardano wallets bearing the feature of instant settlement and gazillion TPS."

Regarding utility, data from Cardanoscan indicate that the blockchain currently processes an average of 65,000 transactions per day, or 0.75 transactions per second. In comparison, Ethereum processed over 1 million transactions in the past 24 hours, or about 12.45 transactions per second.

No matter how many times the VC coins, the cryptomedia, or the maxi crowd proclaims we are dead, irrelevant, or failing, we always remind them that Cardano is here to stay," wrote Hoskinson in a previous tweet.

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Read more:

Ethereum is a 'dumpster fire' Charles Hoskinson - Cointelegraph