Cardano (ADA) Trading Up 7.6% Over Last 7 Days

Cardano (ADA) traded up 0.3% against the US dollar during the 24-hour period ending at 9:00 AM E.T. on February 17th. In the last week, Cardano has traded up 7.6% against the US dollar. One Cardano coin can currently be purchased for $0.28 or 0.00000415 BTC on cryptocurrency exchanges. Cardano has a market cap of $10.75 billion and approximately $369.64 million worth of Cardano was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded up 1.4% against the dollar and now trades at $1,992.56 or 0.02924438 BTC.
• Cronos (CRO) traded 0% lower against the dollar and now trades at $0.0794 or 0.00000117 BTC.
• Hedera (HBAR) traded down 0.5% against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Avalanche (AVAX) traded 0.7% lower against the dollar and now trades at $9.17 or 0.00013458 BTC.
• Uniswap (UNI) traded 1.2% higher against the dollar and now trades at $3.55 or 0.00005208 BTC.
• Internet Computer (ICP) traded down 0.7% against the dollar and now trades at $2.39 or 0.00003503 BTC.
• NEAR Protocol (NEAR) traded up 0.7% against the dollar and now trades at $1.06 or 0.00001552 BTC.
• Cosmos (ATOM) traded up 3.5% against the dollar and now trades at $2.28 or 0.00003348 BTC.
• Algorand (ALGO) traded 0.7% lower against the dollar and now trades at $0.0944 or 0.00000139 BTC.
• Beldex (BDX) traded down 0% against the dollar and now trades at $0.0803 or 0.00000118 BTC.

About Cardano

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 44,994,539,820 coins and its circulating supply is 37,997,904,336 coins. 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. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board is cardano.org/news/atom.xml.

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 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 Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView