Cardano Hits 24-Hour Trading Volume of $384.29 Million (ADA)

Cardano (ADA) traded up 1.2% against the dollar during the 24 hour period ending at 7:00 AM E.T. on April 22nd. During the last week, Cardano has traded up 4.2% against the dollar. One Cardano coin can now be bought for $0.51 or 0.00000774 BTC on major exchanges. Cardano has a total market cap of $18.18 billion and approximately $384.29 million worth of Cardano was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 0.9% higher against the dollar and now trades at $3,206.24 or 0.04862261 BTC.
• Avalanche (AVAX) traded up 4.4% against the dollar and now trades at $39.38 or 0.00059716 BTC.
• NEAR Protocol (NEAR) traded up 8.4% against the dollar and now trades at $6.87 or 0.00010413 BTC.
• Internet Computer (ICP) traded 0.8% lower against the dollar and now trades at $15.37 or 0.00023310 BTC.
• Uniswap (UNI) traded 3.6% higher against the dollar and now trades at $8.14 or 0.00012339 BTC.
• Cronos (CRO) traded up 1.2% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded 2.5% higher against the dollar and now trades at $8.91 or 0.00013517 BTC.
• Hedera (HBAR) traded down 0.1% against the dollar and now trades at $0.0905 or 0.00000137 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $2.45 or 0.00003717 BTC.
• Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.19 or 0.00000292 BTC.

Cardano Coin Profile

Cardano 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 36,812,929,523 coins and its circulating supply is 35,626,449,769 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. 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.

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 currently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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