Cardano (ADA) Hits 24 Hour Trading Volume of $211.50 Million

Cardano (ADA) traded 0.4% lower against the dollar during the one day period ending at 10:00 AM Eastern on August 31st. Cardano has a market cap of $12.51 billion and approximately $211.50 million worth of Cardano was traded on exchanges in the last 24 hours. In the last seven days, Cardano has traded down 11.8% against the dollar. One Cardano coin can currently be bought for $0.35 or 0.00000590 BTC on major cryptocurrency exchanges.

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

• Ethereum (ETH) traded 0.2% higher against the dollar and now trades at $2,518.67 or 0.04267680 BTC.
• Avalanche (AVAX) traded down 0.6% against the dollar and now trades at $22.98 or 0.00038941 BTC.
• NEAR Protocol (NEAR) traded down 1.6% against the dollar and now trades at $4.08 or 0.00006918 BTC.
• Uniswap (UNI) traded 1.7% higher against the dollar and now trades at $5.94 or 0.00010067 BTC.
• Internet Computer (ICP) traded down 3% against the dollar and now trades at $7.49 or 0.00012689 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.0810 or 0.00000137 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.0507 or 0.00000086 BTC.
• Cosmos (ATOM) traded 1.1% lower against the dollar and now trades at $4.56 or 0.00007732 BTC.
• Fetch.ai (FET) traded 6.3% higher against the dollar and now trades at $1.17 or 0.00001979 BTC.
• Algorand (ALGO) traded down 1.7% against the dollar and now trades at $0.13 or 0.00000213 BTC.

About Cardano

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 37,170,426,658 coins and its circulating supply is 35,960,643,044 coins. 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. The official message board for Cardano is medium.com/feed/cardanorss. 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.”

Buying and Selling Cardano

It is usually not possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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