Cardano (ADA) Hits 24 Hour Volume of $1.20 Billion

Cardano (ADA) traded down 0.2% against the U.S. dollar during the 1 day period ending at 21:00 PM Eastern on August 5th. Cardano has a market capitalization of $11.77 billion and approximately $1.20 billion worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be purchased for $0.33 or 0.00000583 BTC on popular exchanges. In the last week, Cardano has traded 19.1% lower against the U.S. dollar.

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

• Ethereum (ETH) traded up 1.2% against the dollar and now trades at $2,546.12 or 0.04529332 BTC.
• Avalanche (AVAX) traded up 2% against the dollar and now trades at $20.62 or 0.00036673 BTC.
• NEAR Protocol (NEAR) traded down 5.6% against the dollar and now trades at $3.74 or 0.00006652 BTC.
• Internet Computer (ICP) traded up 5.5% against the dollar and now trades at $7.44 or 0.00013242 BTC.
• Uniswap (UNI) traded 1.6% lower against the dollar and now trades at $5.70 or 0.00010144 BTC.
• Cronos (CRO) traded 2.6% higher against the dollar and now trades at $0.0776 or 0.00000138 BTC.
• Hedera (HBAR) traded 3.9% higher against the dollar and now trades at $0.0552 or 0.00000098 BTC.
• Cosmos (ATOM) traded up 0.5% against the dollar and now trades at $4.88 or 0.00008674 BTC.
• Algorand (ALGO) traded up 5% against the dollar and now trades at $0.12 or 0.00000205 BTC.
• Fetch.ai (FET) traded down 4.9% against the dollar and now trades at $0.85 or 0.00001509 BTC.

Cardano Profile

Cardano (CRYPTO: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 37,102,998,494 coins and its circulating supply is 35,920,673,720 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. 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.

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 buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase 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