Cardano 24 Hour Volume Hits $234.51 Million (ADA)

Cardano (ADA) traded 1.5% higher against the dollar during the 24-hour period ending at 15:00 PM E.T. on July 27th. In the last week, Cardano has traded down 3.4% against the dollar. Cardano has a market cap of $15.14 billion and $234.51 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for approximately $0.42 or 0.00000615 BTC on exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded 0.1% lower against the dollar and now trades at $3,256.48 or 0.04750003 BTC.
• Avalanche (AVAX) traded 0.5% lower against the dollar and now trades at $28.40 or 0.00041431 BTC.
• NEAR Protocol (NEAR) traded 0.6% lower against the dollar and now trades at $5.69 or 0.00008295 BTC.
• Uniswap (UNI) traded up 0.3% against the dollar and now trades at $7.65 or 0.00011163 BTC.
• Internet Computer (ICP) traded down 0.2% against the dollar and now trades at $9.58 or 0.00013972 BTC.
• Hedera (HBAR) traded 0.8% higher against the dollar and now trades at $0.0688 or 0.00000100 BTC.
• Cosmos (ATOM) traded 2.2% higher against the dollar and now trades at $6.29 or 0.00009177 BTC.
• Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.0910 or 0.00000133 BTC.
• Fetch.ai (FET) traded up 0.4% against the dollar and now trades at $1.28 or 0.00001865 BTC.
• Algorand (ALGO) traded up 0.6% against the dollar and now trades at $0.14 or 0.00000208 BTC.

About Cardano

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 37,075,829,454 coins and its circulating supply is 35,905,222,967 coins. Cardano’s official website is www.cardano.org. 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.

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