Cardano 24 Hour Trading Volume Reaches $174.15 Million (ADA)

Cardano (ADA) traded 0.6% higher against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on October 19th. During the last seven days, Cardano has traded down 1.3% against the dollar. Cardano has a total market cap of $12.28 billion and approximately $174.15 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be purchased for approximately $0.35 or 0.00000515 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded up 0.1% against the dollar and now trades at $2,642.74 or 0.03877213 BTC.
• Avalanche (AVAX) traded 1.3% higher against the dollar and now trades at $28.07 or 0.00041185 BTC.
• NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $4.82 or 0.00007066 BTC.
• Uniswap (UNI) traded down 0.6% against the dollar and now trades at $7.41 or 0.00010879 BTC.
• Internet Computer (ICP) traded up 0.4% against the dollar and now trades at $8.00 or 0.00011734 BTC.
• Cronos (CRO) traded up 0.6% against the dollar and now trades at $0.0785 or 0.00000115 BTC.
• Hedera (HBAR) traded up 2.1% against the dollar and now trades at $0.0530 or 0.00000078 BTC.
• Cosmos (ATOM) traded 0.2% higher against the dollar and now trades at $4.38 or 0.00006425 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $1.40 or 0.00002057 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.12 or 0.00000181 BTC.

Cardano Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was 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 official website for Cardano is www.cardano.org. 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 currently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView