Cardano (ADA) Tops 24-Hour Trading Volume of $773.49 Million

Cardano (ADA) traded down 5.1% against the US dollar during the 24-hour period ending at 10:00 AM ET on February 6th. During the last week, Cardano has traded down 26.1% against the US dollar. Cardano has a total market cap of $25.59 billion and $773.49 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for $0.73 or 0.00000744 BTC on popular exchanges.

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

• Ethereum (ETH) traded 1.4% lower against the dollar and now trades at $2,745.14 or 0.02807278 BTC.
• Avalanche (AVAX) traded 4.5% lower against the dollar and now trades at $25.46 or 0.00026039 BTC.
• Hedera (HBAR) traded 7% lower against the dollar and now trades at $0.24 or 0.00000242 BTC.
• Uniswap (UNI) traded 2.4% lower against the dollar and now trades at $9.09 or 0.00009294 BTC.
• NEAR Protocol (NEAR) traded down 5% against the dollar and now trades at $3.23 or 0.00003306 BTC.
• Internet Computer (ICP) traded down 4% against the dollar and now trades at $6.85 or 0.00007000 BTC.
• Cronos (CRO) traded 5% lower against the dollar and now trades at $0.0992 or 0.00000101 BTC.
• Algorand (ALGO) traded 7% lower against the dollar and now trades at $0.28 or 0.00000281 BTC.
• Fetch.ai (FET) traded down 6.4% against the dollar and now trades at $0.74 or 0.00000753 BTC.
• Cosmos (ATOM) traded down 6.6% against the dollar and now trades at $4.50 or 0.00004600 BTC.

About Cardano

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 44,995,053,983 coins and its circulating supply is 35,193,500,774 coins. The official website for Cardano is www.cardano.org. 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.

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 U.S. dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView