Sunday, September 25, 2022

The Cost of the Ethereum (ETH) Token is $1,296.09 Per Coin.

ethereum Ethereum (ETH)

$1,296.09
-3.36% (24H)
Watch
Low 24H: $1,290.34 High 24H: $1,342.94
Market CapVolumeAvailable Supply
$156.49 B $10.20 B120.68 M ETH
ATHATH(% Change)ATH Date
$4,878.26-73.42%2021-11-10

The Ethereum (ETH) cost-per-coin is about ~$1,296.09/ETH. The Ethereum (ETH) project has a total marketcap of $156.49 B, with the $ETH token price moving -3.36% down (in the past 24 hours).

Notes About "Marketcap" Math:

There is are simple formulas for calculating "the total market capitalization" (AKA: Marketcap) for a given project, and these simple-formulas can be written-or-talked about in different ways.

In one example: If we take cost-per-coin (ie: $1,296.09 for $ETH), and multiple that by the "calculated-circulating" supply (sometime a controversial number for Ethereum), then this will equal the given "total marketcap" number (ie: $156.49 B for Ethereum). Yet, when the price changes (ie: -3.36% down in the past 24 hours), then the marketcap changes, too.

In another example: If we take the given "total marketcap" number (ie: $156.49 B for Ethereum), and we divide by the cost-per-coin (ie: $1,296.09 for $ETH), then we will know the the "calculated-circulating" supply that is being used, (again, which sometime a controversial number for $ETH). So, when the total "calculated-circulating" supply metric changes for $ETH, then cost-per-coin AND the total marketcap both change, too.

About The Ethereum ($ETH) Project:

Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network.Ethereum is the pioneer for blockchain based smart contracts. Smart contract is essentially a computer code that runs exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. It can facilitate the exchange of money, content, property, shares, or anything of value. When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met.Ethereum allows programmers to run complete-turing smart contracts that is capable of any customizations. Rather than giving a set of limited operations, Ethereum allows developers to have complete control over customization of their smart contract, giving developers the power to build unique and innovative applications.Ethereum being the first blockchain based smart contract platform, they have gained much popularity, resulting in new competitors fighting for market share. The competitors includes: Ethereum Classic which is the oldchain of Ethereum, Qtum, EOS, Neo, Icon, Tron and Cardano.Ethereum wallets are fairly simple to set up with multiple popular choices such as myetherwallet, metamask, and Trezor. Read here for more guide on using ethereum wallet: How to Use an Ethereum Wallet

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