Cardano Reaches 24-Hour Trading Volume of $335.21 Million (ADA)

Cardano (ADA) traded 4.1% higher against the US dollar during the 24 hour period ending at 14:00 PM E.T. on July 12th. One Cardano coin can currently be bought for $0.42 or 0.00000711 BTC on exchanges. Cardano has a total market capitalization of $14.90 billion and $335.21 million worth of Cardano was traded on exchanges in the last day. In the last week, Cardano has traded up 17.7% against the US dollar.

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

• Ethereum (ETH) traded up 0.1% against the dollar and now trades at $3,147.35 or 0.05386909 BTC.
• Avalanche (AVAX) traded 0.3% higher against the dollar and now trades at $25.66 or 0.00043925 BTC.
• NEAR Protocol (NEAR) traded 2.1% higher against the dollar and now trades at $5.15 or 0.00008809 BTC.
• Uniswap (UNI) traded up 2.7% against the dollar and now trades at $8.18 or 0.00014009 BTC.
• Internet Computer (ICP) traded down 2.6% against the dollar and now trades at $7.35 or 0.00012588 BTC.
• Hedera (HBAR) traded up 0.3% against the dollar and now trades at $0.0674 or 0.00000115 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $6.09 or 0.00010430 BTC.
• Cronos (CRO) traded 2.5% higher against the dollar and now trades at $0.0884 or 0.00000151 BTC.
• Fetch.ai (FET) traded down 2.6% against the dollar and now trades at $1.16 or 0.00001978 BTC.
• Algorand (ALGO) traded down 1.4% against the dollar and now trades at $0.14 or 0.00000235 BTC.

Cardano Coin Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 37,034,995,408 coins and its circulating supply is 35,878,495,175 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The official website for Cardano is www.cardano.org. 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.

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 US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase 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