Cardano Tops 24-Hour Trading Volume of $164.94 Million (ADA)

Cardano (ADA) traded 3.8% higher against the dollar during the 24 hour period ending at 10:00 AM ET on October 27th. Cardano has a market capitalization of $11.84 billion and $164.94 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be purchased for approximately $0.34 or 0.00000500 BTC on popular cryptocurrency exchanges. Over the last seven days, Cardano has traded 5.7% lower against the dollar.

Here is how related cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 1.5% higher against the dollar and now trades at $2,489.64 or 0.03679607 BTC.
• Avalanche (AVAX) traded 2.3% higher against the dollar and now trades at $25.71 or 0.00038003 BTC.
• NEAR Protocol (NEAR) traded 1.7% higher against the dollar and now trades at $4.25 or 0.00006286 BTC.
• Uniswap (UNI) traded 0.3% higher against the dollar and now trades at $7.39 or 0.00010925 BTC.
• Internet Computer (ICP) traded up 3.6% against the dollar and now trades at $7.85 or 0.00011607 BTC.
• Cronos (CRO) traded up 3% against the dollar and now trades at $0.0746 or 0.00000110 BTC.
• Hedera (HBAR) traded up 3.6% against the dollar and now trades at $0.0491 or 0.00000073 BTC.
• Cosmos (ATOM) traded 0.9% higher against the dollar and now trades at $4.38 or 0.00006480 BTC.
• Fetch.ai (FET) traded up 3.4% against the dollar and now trades at $1.25 or 0.00001846 BTC.
• Algorand (ALGO) traded up 2.7% against the dollar and now trades at $0.12 or 0.00000171 BTC.

About Cardano

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 44,995,214,671 coins and its circulating supply is 34,986,894,173 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official website for Cardano is www.cardano.org. The official message board for Cardano is medium.com/feed/cardanorss.

According to CryptoCompare, “Cardano (ADA) is a Proof-of-Stake blockchain that supports smart contracts and enables the creation of decentralized apps (dApps), tokens, and more. It is designed to be scalable, sustainable, and flexible. The Cardano network uses Ouroboros, a Proof-of-Stake consensus mechanism, which allows ADA token holders to delegate their tokens to staking pools run by validators to validate transactions. Cardano was launched in 2017 by Charles Hoskinson and Jeremy Wood and is now maintained by three organizations and its community. ADA is the native token of the Cardano network and is used to pay for transaction fees and can be used for governance or to earn rewards through Proof-of-Stake consensus. The current era, Basho, focuses on scalability and network optimization, while the final era, Voltaire, will bring voting and treasury management to the network.”

Cardano Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView