Cardano (ADA) 24-Hour Volume Tops $261.39 Million

Cardano (ADA) traded 0.5% higher against the U.S. dollar during the one day period ending at 19:00 PM E.T. on August 24th. Cardano has a total market capitalization of $14.09 billion and $261.39 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for approximately $0.39 or 0.00000613 BTC on major cryptocurrency exchanges. During the last seven days, Cardano has traded 16.8% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 0.6% lower against the dollar and now trades at $2,754.83 or 0.04309328 BTC.
• Avalanche (AVAX) traded up 0.8% against the dollar and now trades at $26.96 or 0.00042180 BTC.
• NEAR Protocol (NEAR) traded up 4.3% against the dollar and now trades at $5.01 or 0.00007840 BTC.
• Uniswap (UNI) traded down 2.1% against the dollar and now trades at $6.89 or 0.00010776 BTC.
• Internet Computer (ICP) traded up 0.1% against the dollar and now trades at $8.66 or 0.00013551 BTC.
• Cronos (CRO) traded 1.2% lower against the dollar and now trades at $0.0903 or 0.00000141 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0598 or 0.00000094 BTC.
• Cosmos (ATOM) traded up 3.5% against the dollar and now trades at $5.28 or 0.00008265 BTC.
• Fetch.ai (FET) traded 5.5% higher against the dollar and now trades at $1.26 or 0.00001965 BTC.
• Algorand (ALGO) traded up 0.8% against the dollar and now trades at $0.15 or 0.00000227 BTC.

About Cardano

Cardano (CRYPTO: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 37,157,110,715 coins and its circulating supply is 35,952,049,051 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board 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. 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 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 GDAX, Coinbase or Gemini. 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