Cardano Reaches 1-Day Volume of $295.53 Million (ADA)

Cardano (ADA) traded up 2% against the U.S. dollar during the 24-hour period ending at 0:00 AM ET on July 28th. One Cardano coin can currently be bought for approximately $0.42 or 0.00000609 BTC on popular cryptocurrency exchanges. Cardano has a market capitalization of $15.17 billion and $295.53 million worth of Cardano was traded on exchanges in the last 24 hours. Over the last week, Cardano has traded 3.5% lower against the U.S. dollar.

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

• Ethereum (ETH) traded up 3.3% against the dollar and now trades at $3,342.01 or 0.04821125 BTC.
• Avalanche (AVAX) traded 2.2% higher against the dollar and now trades at $28.19 or 0.00040668 BTC.
• NEAR Protocol (NEAR) traded 0.4% higher against the dollar and now trades at $5.59 or 0.00008058 BTC.
• Uniswap (UNI) traded 2.6% higher against the dollar and now trades at $7.74 or 0.00011172 BTC.
• Internet Computer (ICP) traded up 0.8% against the dollar and now trades at $9.59 or 0.00013833 BTC.
• Hedera (HBAR) traded 0.6% higher against the dollar and now trades at $0.0686 or 0.00000099 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $6.28 or 0.00009062 BTC.
• Cronos (CRO) traded up 1% against the dollar and now trades at $0.0914 or 0.00000132 BTC.
• Fetch.ai (FET) traded 1.9% higher against the dollar and now trades at $1.28 or 0.00001840 BTC.
• Algorand (ALGO) traded up 1.4% against the dollar and now trades at $0.14 or 0.00000206 BTC.

Cardano Profile

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 37,089,410,846 coins and its circulating supply is 35,907,762,491 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. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board is medium.com/feed/cardanorss.

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 presently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView