Cardano Trading 1.2% Higher This Week (ADA)

Cardano (ADA) traded 1.9% higher against the U.S. dollar during the 1-day period ending at 20:00 PM E.T. on September 21st. Over the last seven days, Cardano has traded up 1.2% against the U.S. dollar. Cardano has a market cap of $12.88 billion and approximately $156.22 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for about $0.36 or 0.00000566 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded up 2.6% against the dollar and now trades at $2,622.81 or 0.04144609 BTC.
• Avalanche (AVAX) traded up 0.4% against the dollar and now trades at $27.73 or 0.00043812 BTC.
• NEAR Protocol (NEAR) traded up 6.1% against the dollar and now trades at $4.64 or 0.00007325 BTC.
• Uniswap (UNI) traded 1.3% higher against the dollar and now trades at $6.90 or 0.00010903 BTC.
• Internet Computer (ICP) traded 0.7% higher against the dollar and now trades at $8.52 or 0.00013457 BTC.
• Cronos (CRO) traded 4.2% higher against the dollar and now trades at $0.0880 or 0.00000139 BTC.
• Hedera (HBAR) traded 5.9% higher against the dollar and now trades at $0.0557 or 0.00000088 BTC.
• Cosmos (ATOM) traded up 4.3% against the dollar and now trades at $4.71 or 0.00007444 BTC.
• Fetch.ai (FET) traded 0.6% lower against the dollar and now trades at $1.61 or 0.00002549 BTC.
• Algorand (ALGO) traded 2.3% higher against the dollar and now trades at $0.14 or 0.00000215 BTC.

Cardano Profile

Cardano 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 37,170,426,658 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 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 currently 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView