Cardano Trading 0.5% Lower This Week (ADA)

Cardano (ADA) traded down 3.1% against the U.S. dollar during the 1 day period ending at 8:00 AM Eastern on October 24th. Over the last seven days, Cardano has traded down 0.5% against the U.S. dollar. One Cardano coin can now be bought for approximately $0.34 or 0.00000508 BTC on popular cryptocurrency exchanges. Cardano has a total market capitalization of $11.97 billion and approximately $292.54 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded 1.6% lower against the dollar and now trades at $2,529.54 or 0.03756901 BTC.
• Avalanche (AVAX) traded up 0% against the dollar and now trades at $26.63 or 0.00039545 BTC.
• NEAR Protocol (NEAR) traded up 0.9% against the dollar and now trades at $4.62 or 0.00006863 BTC.
• Uniswap (UNI) traded 5.5% higher against the dollar and now trades at $8.12 or 0.00012057 BTC.
• Internet Computer (ICP) traded up 1.4% against the dollar and now trades at $8.23 or 0.00012217 BTC.
• Cronos (CRO) traded down 0% against the dollar and now trades at $0.0759 or 0.00000113 BTC.
• Hedera (HBAR) traded up 0.5% against the dollar and now trades at $0.0513 or 0.00000076 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $4.65 or 0.00006905 BTC.
• Fetch.ai (FET) traded 1.7% higher against the dollar and now trades at $1.34 or 0.00001992 BTC.
• Algorand (ALGO) traded 0.7% higher against the dollar and now trades at $0.12 or 0.00000181 BTC.

Cardano Coin Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 44,995,121,858 coins and its circulating supply is 34,980,974,700 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. 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 official website for Cardano is www.cardano.org.

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 trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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