Cardano (ADA) Trading Down 1% This Week

Cardano (ADA) traded 0% lower against the US dollar during the 24 hour period ending at 9:00 AM E.T. on October 25th. During the last seven days, Cardano has traded 1% lower against the US dollar. Cardano has a market capitalization of $11.96 billion and $247.94 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be bought for $0.34 or 0.00000502 BTC on major exchanges.

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

• Ethereum (ETH) traded up 0.6% against the dollar and now trades at $2,542.59 or 0.03733874 BTC.
• Avalanche (AVAX) traded down 0.5% against the dollar and now trades at $26.49 or 0.00038898 BTC.
• NEAR Protocol (NEAR) traded down 1.1% against the dollar and now trades at $4.57 or 0.00006717 BTC.
• Uniswap (UNI) traded 1% lower against the dollar and now trades at $8.03 or 0.00011796 BTC.
• Internet Computer (ICP) traded up 2.4% against the dollar and now trades at $8.40 or 0.00012342 BTC.
• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.0747 or 0.00000110 BTC.
• Hedera (HBAR) traded down 1.2% against the dollar and now trades at $0.0506 or 0.00000074 BTC.
• Cosmos (ATOM) traded up 2.1% against the dollar and now trades at $4.74 or 0.00006967 BTC.
• Fetch.ai (FET) traded down 1.2% against the dollar and now trades at $1.33 or 0.00001947 BTC.
• Algorand (ALGO) traded down 0.1% against the dollar and now trades at $0.12 or 0.00000178 BTC.

Cardano Coin Profile

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. 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 message board is medium.com/feed/cardanorss.

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 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 Changelly, Coinbase or Gemini. 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