Cardano Trading 5.1% Lower This Week (ADA)

Cardano (ADA) traded 7.4% lower against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on February 18th. Cardano has a total market capitalization of $26.55 billion and approximately $890.75 million worth of Cardano was traded on exchanges in the last day. Over the last week, Cardano has traded down 5.1% against the U.S. dollar. One Cardano coin can now be purchased for approximately $0.75 or 0.00000791 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 3.5% lower against the dollar and now trades at $2,671.02 or 0.02799819 BTC.
• Avalanche (AVAX) traded down 7.2% against the dollar and now trades at $23.43 or 0.00024562 BTC.
• Hedera (HBAR) traded 8.1% lower against the dollar and now trades at $0.20 or 0.00000209 BTC.
• Uniswap (UNI) traded down 4.9% against the dollar and now trades at $9.38 or 0.00009835 BTC.
• NEAR Protocol (NEAR) traded 8.3% lower against the dollar and now trades at $3.07 or 0.00003220 BTC.
• Internet Computer (ICP) traded 6% lower against the dollar and now trades at $6.66 or 0.00006981 BTC.
• Cronos (CRO) traded down 3.9% against the dollar and now trades at $0.0856 or 0.00000090 BTC.
• Algorand (ALGO) traded 8.2% lower against the dollar and now trades at $0.25 or 0.00000264 BTC.
• Cosmos (ATOM) traded 6.5% lower against the dollar and now trades at $4.53 or 0.00004751 BTC.
• Fetch.ai (FET) traded down 7% against the dollar and now trades at $0.72 or 0.00000754 BTC.

Cardano Profile

Cardano (CRYPTO:ADA) 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 44,994,975,101 coins and its circulating supply is 35,201,193,526 coins. The official message board for Cardano 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. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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