Cardano (ADA) Hits 24 Hour Trading Volume of $310.69 Million

Cardano (ADA) traded 0.5% higher against the US dollar during the one day period ending at 13:00 PM Eastern on July 29th. One Cardano coin can now be bought for about $0.41 or 0.00000613 BTC on major exchanges. In the last seven days, Cardano has traded down 4.5% against the US dollar. Cardano has a market cap of $14.74 billion and $310.69 million worth of Cardano was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 0.9% higher against the dollar and now trades at $3,299.95 or 0.04930194 BTC.
• Avalanche (AVAX) traded down 0.1% against the dollar and now trades at $27.36 or 0.00040874 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $5.31 or 0.00007940 BTC.
• Uniswap (UNI) traded 2.6% higher against the dollar and now trades at $7.74 or 0.00011566 BTC.
• Internet Computer (ICP) traded down 4.3% against the dollar and now trades at $9.07 or 0.00013546 BTC.
• Cosmos (ATOM) traded 1% lower against the dollar and now trades at $6.24 or 0.00009316 BTC.
• Hedera (HBAR) traded 1.1% lower against the dollar and now trades at $0.0671 or 0.00000100 BTC.
• Cronos (CRO) traded 0.1% higher against the dollar and now trades at $0.0903 or 0.00000135 BTC.
• Fetch.ai (FET) traded down 1.3% against the dollar and now trades at $1.23 or 0.00001835 BTC.
• Algorand (ALGO) traded 0% higher against the dollar and now trades at $0.14 or 0.00000208 BTC.

Cardano Profile

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 37,089,410,846 coins and its circulating supply is 35,907,758,343 coins. The official message board for Cardano is medium.com/feed/cardanorss. 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. 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.”

Cardano Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView