Cardano (ADA) Trading 1.8% Higher Over Last Week

Cardano (ADA) traded down 3.2% against the dollar during the 1 day period ending at 16:00 PM ET on October 17th. In the last week, Cardano has traded up 1.8% against the dollar. Cardano has a market capitalization of $12.00 billion and approximately $286.33 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for $0.34 or 0.00000512 BTC on exchanges.

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

• Ethereum (ETH) traded 0.8% lower against the dollar and now trades at $2,598.88 or 0.03879236 BTC.
• Avalanche (AVAX) traded 2% lower against the dollar and now trades at $27.23 or 0.00040641 BTC.
• NEAR Protocol (NEAR) traded down 4.4% against the dollar and now trades at $4.74 or 0.00007071 BTC.
• Uniswap (UNI) traded 4.6% lower against the dollar and now trades at $7.31 or 0.00010918 BTC.
• Internet Computer (ICP) traded down 3.7% against the dollar and now trades at $7.63 or 0.00011384 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.0776 or 0.00000116 BTC.
• Hedera (HBAR) traded 5.8% lower against the dollar and now trades at $0.0509 or 0.00000076 BTC.
• Cosmos (ATOM) traded 3.5% lower against the dollar and now trades at $4.28 or 0.00006384 BTC.
• Fetch.ai (FET) traded down 5.3% against the dollar and now trades at $1.36 or 0.00002029 BTC.
• Algorand (ALGO) traded down 3.5% against the dollar and now trades at $0.12 or 0.00000177 BTC.

Cardano Coin Profile

Cardano (CRYPTO: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 44,995,138,227 coins and its circulating supply is 34,974,248,104 coins. 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. The official website for Cardano is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView