Cardano (ADA) Reaches One Day Trading Volume of $296.78 Million

Cardano (ADA) traded down 0% against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on October 22nd. During the last seven days, Cardano has traded down 0.1% against the U.S. dollar. One Cardano coin can currently be bought for $0.36 or 0.00000538 BTC on exchanges. Cardano has a total market capitalization of $12.68 billion and $296.78 million worth of Cardano was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

  • Ethereum (ETH) traded 2.7% lower against the dollar and now trades at $2,634.90 or 0.03912944 BTC.
  • Avalanche (AVAX) traded down 1.8% against the dollar and now trades at $27.83 or 0.00041325 BTC.
  • NEAR Protocol (NEAR) traded down 4.2% against the dollar and now trades at $4.70 or 0.00006986 BTC.
  • Uniswap (UNI) traded up 6.6% against the dollar and now trades at $8.10 or 0.00012033 BTC.
  • Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $7.96 or 0.00011821 BTC.
  • Cronos (CRO) traded 1.1% lower against the dollar and now trades at $0.0772 or 0.00000115 BTC.
  • Hedera (HBAR) traded down 4.8% against the dollar and now trades at $0.0524 or 0.00000078 BTC.
  • Cosmos (ATOM) traded down 2.4% against the dollar and now trades at $4.79 or 0.00007111 BTC.
  • Fetch.ai (FET) traded 2.6% lower against the dollar and now trades at $1.37 or 0.00002041 BTC.
  • Algorand (ALGO) traded down 2.9% against the dollar and now trades at $0.12 or 0.00000185 BTC.

Cardano Profile

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 44,995,121,858 coins and its circulating supply is 34,980,974,700 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.”

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

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