Cardano Hits 24-Hour Trading Volume of $366.69 Million (ADA)

Cardano (ADA) traded up 6% against the US dollar during the twenty-four hour period ending at 0:00 AM E.T. on September 26th. Over the last week, Cardano has traded up 13.8% against the US dollar. One Cardano coin can now be bought for approximately $0.41 or 0.00000626 BTC on cryptocurrency exchanges. Cardano has a market capitalization of $14.29 billion and approximately $366.69 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded up 1.6% against the dollar and now trades at $2,645.06 or 0.04045875 BTC.
• Avalanche (AVAX) traded 7.1% higher against the dollar and now trades at $29.45 or 0.00045046 BTC.
• NEAR Protocol (NEAR) traded up 4.8% against the dollar and now trades at $5.54 or 0.00008468 BTC.
• Internet Computer (ICP) traded 3.1% higher against the dollar and now trades at $9.45 or 0.00014454 BTC.
• Uniswap (UNI) traded up 8.4% against the dollar and now trades at $7.40 or 0.00011323 BTC.
• Hedera (HBAR) traded up 7.5% against the dollar and now trades at $0.0622 or 0.00000095 BTC.
• Cronos (CRO) traded 1.9% higher against the dollar and now trades at $0.0872 or 0.00000133 BTC.
• Cosmos (ATOM) traded 5.4% higher against the dollar and now trades at $5.09 or 0.00007788 BTC.
• Fetch.ai (FET) traded 0.8% higher against the dollar and now trades at $1.67 or 0.00002549 BTC.
• Algorand (ALGO) traded up 5.1% against the dollar and now trades at $0.15 or 0.00000222 BTC.

Cardano Coin Profile

Cardano (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 44,995,142,804 coins and its circulating supply is 34,949,383,758 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 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.

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 U.S. dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView