Cardano (ADA) Trading Up 1.1% Over Last Week

Cardano (ADA) traded up 4.6% against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on October 14th. Cardano has a market capitalization of $12.70 billion and approximately $262.51 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be purchased for $0.36 or 0.00000551 BTC on major exchanges. In the last seven days, Cardano has traded up 1.1% against the U.S. dollar.

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

• Ethereum (ETH) traded up 6.9% against the dollar and now trades at $2,623.65 or 0.03983266 BTC.
• Avalanche (AVAX) traded up 2.7% against the dollar and now trades at $29.37 or 0.00044586 BTC.
• NEAR Protocol (NEAR) traded 7.4% higher against the dollar and now trades at $4.99 or 0.00007570 BTC.
• Uniswap (UNI) traded 8.1% higher against the dollar and now trades at $8.23 or 0.00012498 BTC.
• Internet Computer (ICP) traded up 5.7% against the dollar and now trades at $8.24 or 0.00012516 BTC.
• Cronos (CRO) traded 3.7% higher against the dollar and now trades at $0.0786 or 0.00000119 BTC.
• Hedera (HBAR) traded up 5.4% against the dollar and now trades at $0.0529 or 0.00000080 BTC.
• Cosmos (ATOM) traded 5.5% higher against the dollar and now trades at $4.50 or 0.00006836 BTC.
• Fetch.ai (FET) traded 6.8% higher against the dollar and now trades at $1.51 or 0.00002286 BTC.
• Algorand (ALGO) traded 4.3% higher against the dollar and now trades at $0.13 or 0.00000190 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 44,995,142,609 coins and its circulating supply is 34,967,190,802 coins. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official website is www.cardano.org. 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.”

Buying and Selling Cardano

It is usually not currently 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView