Cardano (ADA) Reaches 24 Hour Volume of $437.65 Million

Cardano (ADA) traded 5.5% lower against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on October 26th. One Cardano coin can currently be bought for $0.33 or 0.00000489 BTC on popular cryptocurrency exchanges. Cardano has a total market capitalization of $11.43 billion and $437.65 million worth of Cardano was traded on exchanges in the last day. During the last seven days, Cardano has traded down 7.1% against the dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded 4% lower against the dollar and now trades at $2,454.48 or 0.03676309 BTC.
• Avalanche (AVAX) traded 5.4% lower against the dollar and now trades at $25.22 or 0.00037770 BTC.
• NEAR Protocol (NEAR) traded 8.8% lower against the dollar and now trades at $4.19 or 0.00006277 BTC.
• Uniswap (UNI) traded 8.2% lower against the dollar and now trades at $7.40 or 0.00011076 BTC.
• Internet Computer (ICP) traded 8.8% lower against the dollar and now trades at $7.60 or 0.00011380 BTC.
• Cronos (CRO) traded 2.7% lower against the dollar and now trades at $0.0727 or 0.00000109 BTC.
• Hedera (HBAR) traded 8.3% lower against the dollar and now trades at $0.0474 or 0.00000071 BTC.
• Cosmos (ATOM) traded 8.1% lower against the dollar and now trades at $4.35 or 0.00006518 BTC.
• Fetch.ai (FET) traded 8.7% lower against the dollar and now trades at $1.21 or 0.00001815 BTC.
• Algorand (ALGO) traded 7.7% lower against the dollar and now trades at $0.11 or 0.00000169 BTC.

About Cardano

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 44,995,121,858 coins and its circulating supply is 34,980,974,700 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website 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.”

Cardano Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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