Cardano (ADA) Trading Up 10.4% Over Last 7 Days

Cardano (ADA) traded down 2.4% against the US dollar during the 1 day period ending at 22:00 PM Eastern on September 29th. Over the last seven days, Cardano has traded up 10.4% against the US dollar. One Cardano coin can currently be purchased for $0.39 or 0.00000604 BTC on major exchanges. Cardano has a total market capitalization of $13.61 billion and approximately $213.10 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded down 2.1% against the dollar and now trades at $2,617.55 or 0.04061992 BTC.
• Avalanche (AVAX) traded 3% lower against the dollar and now trades at $28.33 or 0.00043967 BTC.
• NEAR Protocol (NEAR) traded down 1.4% against the dollar and now trades at $5.38 or 0.00008355 BTC.
• Uniswap (UNI) traded 2.9% lower against the dollar and now trades at $7.34 or 0.00011384 BTC.
• Internet Computer (ICP) traded 3.1% lower against the dollar and now trades at $9.34 or 0.00014494 BTC.
• Hedera (HBAR) traded 1% lower against the dollar and now trades at $0.0604 or 0.00000094 BTC.
• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0852 or 0.00000132 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $4.95 or 0.00007687 BTC.
• Fetch.ai (FET) traded 0.9% lower against the dollar and now trades at $1.59 or 0.00002472 BTC.
• Algorand (ALGO) traded down 2.3% against the dollar and now trades at $0.14 or 0.00000214 BTC.

About Cardano

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 44,995,142,804 coins and its circulating supply is 34,949,383,758 coins. Cardano’s official message board 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. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 presently 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 Gemini, GDAX or Changelly. 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