Cardano (ADA) One Day Trading Volume Hits $621.23 Million

Cardano (ADA) traded up 8.5% against the dollar during the 1-day period ending at 18:00 PM Eastern on November 6th. Cardano has a market cap of $12.73 billion and $621.23 million worth of Cardano was traded on exchanges in the last day. During the last seven days, Cardano has traded 2.3% higher against the dollar. One Cardano coin can now be purchased for about $0.36 or 0.00000480 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded up 12.5% against the dollar and now trades at $2,737.51 or 0.03617181 BTC.
• Avalanche (AVAX) traded up 13.1% against the dollar and now trades at $27.18 or 0.00035917 BTC.
• Uniswap (UNI) traded 33.3% higher against the dollar and now trades at $9.56 or 0.00012626 BTC.
• NEAR Protocol (NEAR) traded up 11.7% against the dollar and now trades at $4.27 or 0.00005641 BTC.
• Internet Computer (ICP) traded 7.2% higher against the dollar and now trades at $7.93 or 0.00010482 BTC.
• Fetch.ai (FET) traded up 14% against the dollar and now trades at $1.42 or 0.00001877 BTC.
• Cronos (CRO) traded 18.5% higher against the dollar and now trades at $0.0856 or 0.00000113 BTC.
• Hedera (HBAR) traded up 6.7% against the dollar and now trades at $0.0492 or 0.00000065 BTC.
• Cosmos (ATOM) traded up 7.9% against the dollar and now trades at $4.54 or 0.00005992 BTC.
• Algorand (ALGO) traded up 6.6% against the dollar and now trades at $0.12 or 0.00000161 BTC.

Cardano Coin Profile

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 44,994,999,105 coins and its circulating supply is 35,002,992,146 coins. The official message board for Cardano is medium.com/feed/cardanorss. Cardano’s official website 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. 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.”

Cardano Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini 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