Cardano (ADA) One Day Trading Volume Tops $327.93 Million

Cardano (ADA) traded 1.4% lower against the US dollar during the 24-hour period ending at 13:00 PM ET on July 3rd. One Cardano coin can now be bought for $0.41 or 0.00000675 BTC on popular cryptocurrency exchanges. In the last seven days, Cardano has traded 5.8% higher against the US dollar. Cardano has a market cap of $14.55 billion and approximately $327.93 million worth of Cardano was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded down 3.3% against the dollar and now trades at $3,300.15 or 0.05476002 BTC.
• Avalanche (AVAX) traded down 5.4% against the dollar and now trades at $26.81 or 0.00044489 BTC.
• NEAR Protocol (NEAR) traded down 6.3% against the dollar and now trades at $5.10 or 0.00008467 BTC.
• Uniswap (UNI) traded down 2.3% against the dollar and now trades at $8.65 or 0.00014359 BTC.
• Internet Computer (ICP) traded 4.1% lower against the dollar and now trades at $7.57 or 0.00012557 BTC.
• Hedera (HBAR) traded down 6.3% against the dollar and now trades at $0.0727 or 0.00000121 BTC.
• Cosmos (ATOM) traded down 6.4% against the dollar and now trades at $6.41 or 0.00010639 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.0901 or 0.00000150 BTC.
• Fetch.ai (FET) traded 6.6% lower against the dollar and now trades at $1.24 or 0.00002053 BTC.
• Algorand (ALGO) traded 2.5% lower against the dollar and now trades at $0.14 or 0.00000238 BTC.

Cardano Coin Profile

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 37,007,766,298 coins and its circulating supply is 35,760,985,478 coins. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board is medium.com/feed/cardanorss. 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.”

Buying and Selling Cardano

It is usually not presently 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, Gemini 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