Cardano Hits 24 Hour Volume of $127.24 Million (ADA)

Cardano (ADA) traded down 0.3% against the US dollar during the 1 day period ending at 10:00 AM E.T. on October 6th. One Cardano coin can currently be bought for $0.35 or 0.00000562 BTC on major cryptocurrency exchanges. Over the last week, Cardano has traded 12% lower against the US dollar. Cardano has a market cap of $12.25 billion and $127.24 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 1% higher against the dollar and now trades at $2,433.61 or 0.03905105 BTC.
• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $26.65 or 0.00042759 BTC.
• NEAR Protocol (NEAR) traded up 2.3% against the dollar and now trades at $4.84 or 0.00007766 BTC.
• Uniswap (UNI) traded 1.2% higher against the dollar and now trades at $6.87 or 0.00011023 BTC.
• Internet Computer (ICP) traded up 0.9% against the dollar and now trades at $8.28 or 0.00013291 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.0800 or 0.00000128 BTC.
• Hedera (HBAR) traded up 0.1% against the dollar and now trades at $0.0534 or 0.00000086 BTC.
• Cosmos (ATOM) traded 1.5% lower against the dollar and now trades at $4.58 or 0.00007350 BTC.
• Fetch.ai (FET) traded down 0.5% against the dollar and now trades at $1.43 or 0.00002296 BTC.
• Algorand (ALGO) traded down 0% against the dollar and now trades at $0.13 or 0.00000204 BTC.

About Cardano

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 44,995,138,810 coins and its circulating supply is 34,956,414,642 coins. 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. 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 U.S. dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly 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