Cardano (ADA) Price Down 1.8% Over Last 7 Days

Cardano (ADA) traded down 1.5% against the US dollar during the 24 hour period ending at 21:00 PM ET on October 9th. One Cardano coin can currently be purchased for approximately $0.34 or 0.00000559 BTC on popular exchanges. Cardano has a market cap of $11.81 billion and approximately $219.08 million worth of Cardano was traded on exchanges in the last 24 hours. Over the last week, Cardano has traded down 1.8% against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded 2.3% lower against the dollar and now trades at $2,371.51 or 0.03926297 BTC.
• Avalanche (AVAX) traded down 2.4% against the dollar and now trades at $25.65 or 0.00042461 BTC.
• NEAR Protocol (NEAR) traded 6.2% lower against the dollar and now trades at $4.57 or 0.00007570 BTC.
• Uniswap (UNI) traded 1.1% higher against the dollar and now trades at $7.24 or 0.00011993 BTC.
• Internet Computer (ICP) traded 1.9% lower against the dollar and now trades at $7.81 or 0.00012934 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.0746 or 0.00000124 BTC.
• Hedera (HBAR) traded down 3.9% against the dollar and now trades at $0.0500 or 0.00000083 BTC.
• Cosmos (ATOM) traded down 2.7% against the dollar and now trades at $4.22 or 0.00006992 BTC.
• Fetch.ai (FET) traded down 5.8% against the dollar and now trades at $1.34 or 0.00002214 BTC.
• Algorand (ALGO) traded 2.3% lower against the dollar and now trades at $0.12 or 0.00000196 BTC.

About 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 44,995,152,754 coins and its circulating supply is 34,961,093,448 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 medium.com/feed/cardanorss.

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 trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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