Ethereum (ETH) currently stands at a price of $3,155.81, reflecting a slight increase of 0.07% over the past day. This minor price change suggests a period of relative stability for Ethereum, which is often regarded as one of the most significant cryptocurrencies in the market.
With a market capitalization of approximately $379.50 billion, Ethereum holds the #2 position in the global cryptocurrency rankings. This massive market cap underscores Ethereum’s substantial impact and prominence in the crypto ecosystem, supported by its robust technological foundation and widespread adoption.
The 24-hour trading volume for Ethereum is $18.20 billion, marking a 1.66% increase. This substantial trading volume indicates active market participation and investor interest.
The volume-to-market cap ratio of 4.81% signifies healthy liquidity, suggesting that Ethereum is actively traded and possesses significant market activity relative to its market cap.
Ethereum’s circulating supply is 120,253,156 ETH, which aligns with its total supply. The fact that all of Ethereum’s total supply is in circulation provides clarity for investors regarding the token’s availability in the market.
Unlike many other cryptocurrencies, Ethereum does not have a capped maximum supply, which means it operates on a model of continuous issuance through mining rewards.
The fully diluted market cap of Ethereum stands at $379.43 billion, nearly identical to its current market cap due to the absence of a capped supply. This metric illustrates the current valuation of Ethereum if all possible tokens were to be in circulation, reflecting its extensive market reach and potential for future growth.
Despite the minimal price change over the past 24 hours, Ethereum remains a cornerstone of the cryptocurrency market, driven by its innovative smart contract functionality and the burgeoning ecosystem of decentralized applications (dApps) built on its blockchain.
The slight increase in trading volume points to ongoing market engagement, indicating that traders and investors are actively participating in Ethereum’s market activities.
Ethereum’s price stability, coupled with its high market cap and significant trading volume, highlights its position as a mature and stable asset in the crypto space.
Investors and traders often regard Ethereum as a key player in the market, providing a reliable benchmark for the performance and trends of other cryptocurrencies.
In summary, Ethereum (ETH) continues to demonstrate its strength and stability in the cryptocurrency market. With a slight price increase, robust market cap, and substantial trading volume, Ethereum maintains its pivotal role in the crypto ecosystem.
The complete circulation of its total supply and the absence of a capped maximum supply further solidify its unique position, making it a critical asset for investors and a foundational element for the future of decentralized technologies.
