Cardano Trading Up 33.2% Over Last 7 Days (ADA)

Cardano (ADA) traded up 13.2% against the U.S. dollar during the one day period ending at 10:00 AM ET on November 22nd. One Cardano coin can now be purchased for approximately $0.89 or 0.00000919 BTC on major cryptocurrency exchanges. Cardano has a market capitalization of $31.35 billion and approximately $4.20 billion worth of Cardano was traded on exchanges in the last day. Over the last seven days, Cardano has traded up 33.2% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded down 1.8% against the dollar and now trades at $3,287.53 or 0.03379569 BTC.
• Avalanche (AVAX) traded 8% higher against the dollar and now trades at $38.14 or 0.00039212 BTC.
• NEAR Protocol (NEAR) traded down 3.1% against the dollar and now trades at $5.56 or 0.00005719 BTC.
• Uniswap (UNI) traded 0.2% higher against the dollar and now trades at $9.31 or 0.00009572 BTC.
• Hedera (HBAR) traded 8.9% higher against the dollar and now trades at $0.13 or 0.00000135 BTC.
• Cronos (CRO) traded 2.3% higher against the dollar and now trades at $0.18 or 0.00000190 BTC.
• Internet Computer (ICP) traded up 4.6% against the dollar and now trades at $9.75 or 0.00010024 BTC.
• Fetch.ai (FET) traded 3.3% lower against the dollar and now trades at $1.23 or 0.00001264 BTC.
• Cosmos (ATOM) traded 10.3% higher against the dollar and now trades at $7.02 or 0.00007219 BTC.
• Algorand (ALGO) traded 11.2% higher against the dollar and now trades at $0.23 or 0.00000238 BTC.

About Cardano

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 44,994,880,168 coins and its circulating supply is 35,052,930,436 coins. Cardano’s official website is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss. 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.

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 possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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