Cardano (ADA) Hits 1-Day Trading Volume of $269.17 Million

Cardano (ADA) traded up 0.5% against the U.S. dollar during the 1 day period ending at 23:00 PM Eastern on July 30th. In the last week, Cardano has traded down 1% against the U.S. dollar. Cardano has a total market cap of $14.54 billion and approximately $269.17 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be bought for approximately $0.40 or 0.00000613 BTC on exchanges.

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

• Ethereum (ETH) traded 0.6% lower against the dollar and now trades at $3,290.39 or 0.04977203 BTC.
• Avalanche (AVAX) traded 2% lower against the dollar and now trades at $26.46 or 0.00040022 BTC.
• NEAR Protocol (NEAR) traded down 1.7% against the dollar and now trades at $5.20 or 0.00007868 BTC.
• Uniswap (UNI) traded 2.6% lower against the dollar and now trades at $7.43 or 0.00011240 BTC.
• Internet Computer (ICP) traded down 1.6% against the dollar and now trades at $8.85 or 0.00013384 BTC.
• Hedera (HBAR) traded 1.8% lower against the dollar and now trades at $0.0661 or 0.00000100 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $6.03 or 0.00009125 BTC.
• Cronos (CRO) traded 1.2% lower against the dollar and now trades at $0.0887 or 0.00000134 BTC.
• Fetch.ai (FET) traded 1.9% lower against the dollar and now trades at $1.19 or 0.00001806 BTC.
• Algorand (ALGO) traded 2% lower against the dollar and now trades at $0.14 or 0.00000207 BTC.

About Cardano

Cardano (CRYPTO: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 37,089,410,846 coins and its circulating supply is 35,908,236,773 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. Cardano’s official website 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 buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView