Cardano (ADA) Trading Up 14.8% Over Last Week

Cardano (ADA) traded 0.1% higher against the U.S. dollar during the 24 hour period ending at 18:00 PM ET on July 17th. During the last seven days, Cardano has traded up 14.8% against the U.S. dollar. One Cardano coin can now be purchased for about $0.44 or 0.00000683 BTC on popular exchanges. Cardano has a market capitalization of $15.80 billion and $392.90 million worth of Cardano was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded down 0.7% against the dollar and now trades at $3,417.04 or 0.05299139 BTC.
• Avalanche (AVAX) traded 2.2% lower against the dollar and now trades at $27.70 or 0.00042955 BTC.
• NEAR Protocol (NEAR) traded down 0.2% against the dollar and now trades at $6.18 or 0.00009579 BTC.
• Internet Computer (ICP) traded 5.4% higher against the dollar and now trades at $10.35 or 0.00016048 BTC.
• Uniswap (UNI) traded 2% lower against the dollar and now trades at $8.01 or 0.00012417 BTC.
• Hedera (HBAR) traded down 0.5% against the dollar and now trades at $0.0762 or 0.00000118 BTC.
• Cosmos (ATOM) traded 1% lower against the dollar and now trades at $6.56 or 0.00010170 BTC.
• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0932 or 0.00000144 BTC.
• Fetch.ai (FET) traded up 2.7% against the dollar and now trades at $1.48 or 0.00002289 BTC.
• Algorand (ALGO) traded down 2.2% against the dollar and now trades at $0.16 or 0.00000242 BTC.

About Cardano

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 37,048,613,783 coins and its circulating supply is 35,887,858,446 coins. 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. 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.

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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