Cardano (ADA) Hits 24 Hour Trading Volume of $284.93 Million

Cardano (ADA) traded down 4.5% against the dollar during the twenty-four hour period ending at 21:00 PM ET on October 31st. Over the last week, Cardano has traded 1.2% lower against the dollar. One Cardano coin can currently be purchased for approximately $0.34 or 0.00000486 BTC on major exchanges. Cardano has a market capitalization of $11.89 billion and approximately $284.93 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 5.1% lower against the dollar and now trades at $2,516.41 or 0.03602002 BTC.
• Avalanche (AVAX) traded 4.4% lower against the dollar and now trades at $24.90 or 0.00035639 BTC.
• NEAR Protocol (NEAR) traded down 5.5% against the dollar and now trades at $4.04 or 0.00005777 BTC.
• Uniswap (UNI) traded 4.6% lower against the dollar and now trades at $7.68 or 0.00010992 BTC.
• Internet Computer (ICP) traded down 3% against the dollar and now trades at $7.87 or 0.00011259 BTC.
• Fetch.ai (FET) traded 0.3% higher against the dollar and now trades at $1.29 or 0.00001844 BTC.
• Cronos (CRO) traded 2.9% lower against the dollar and now trades at $0.0732 or 0.00000105 BTC.
• Hedera (HBAR) traded 4.7% lower against the dollar and now trades at $0.0460 or 0.00000066 BTC.
• Cosmos (ATOM) traded down 4.5% against the dollar and now trades at $4.20 or 0.00006019 BTC.
• Algorand (ALGO) traded 5% lower against the dollar and now trades at $0.11 or 0.00000163 BTC.

Cardano 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 44,995,106,473 coins and its circulating supply is 34,995,041,872 coins. The official message board for Cardano is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The official website for Cardano is www.cardano.org. 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 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView