Cardano Trading 0.9% Lower Over Last 7 Days (ADA)

Cardano (ADA) traded 4.6% higher against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on September 8th. One Cardano coin can currently be purchased for about $0.34 or 0.00000621 BTC on popular exchanges. During the last week, Cardano has traded down 0.9% against the US dollar. Cardano has a total market capitalization of $12.18 billion and approximately $172.04 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded up 0.7% against the dollar and now trades at $2,298.55 or 0.04211483 BTC.
• Avalanche (AVAX) traded up 7% against the dollar and now trades at $23.06 or 0.00042244 BTC.
• NEAR Protocol (NEAR) traded 2.8% higher against the dollar and now trades at $3.73 or 0.00006842 BTC.
• Uniswap (UNI) traded down 1.9% against the dollar and now trades at $6.35 or 0.00011641 BTC.
• Internet Computer (ICP) traded up 3.4% against the dollar and now trades at $7.34 or 0.00013449 BTC.
• Cronos (CRO) traded up 1.5% against the dollar and now trades at $0.0773 or 0.00000142 BTC.
• Hedera (HBAR) traded up 3.9% against the dollar and now trades at $0.0496 or 0.00000091 BTC.
• Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $3.72 or 0.00006809 BTC.
• Fetch.ai (FET) traded up 1.4% against the dollar and now trades at $1.09 or 0.00001996 BTC.
• Algorand (ALGO) traded 2.8% higher against the dollar and now trades at $0.13 or 0.00000229 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 37,170,426,658 coins and its circulating supply is 35,960,643,044 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official message board for Cardano is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website is www.cardano.org.

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 purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView