Cardano (ADA) Trading 0% Higher Over Last Week

Cardano (ADA) traded down 0.3% against the U.S. dollar during the twenty-four hour period ending at 19:00 PM Eastern on October 21st. One Cardano coin can now be bought for $0.36 or 0.00000537 BTC on cryptocurrency exchanges. In the last week, Cardano has traded up 0% against the U.S. dollar. Cardano has a market capitalization of $12.73 billion and approximately $310.48 million worth of Cardano was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 2.7% lower against the dollar and now trades at $2,675.16 or 0.03950766 BTC.
• Avalanche (AVAX) traded down 3.2% against the dollar and now trades at $27.92 or 0.00041227 BTC.
• NEAR Protocol (NEAR) traded down 3.4% against the dollar and now trades at $4.83 or 0.00007128 BTC.
• Uniswap (UNI) traded 1.5% higher against the dollar and now trades at $7.87 or 0.00011615 BTC.
• Internet Computer (ICP) traded down 4% against the dollar and now trades at $8.02 or 0.00011851 BTC.
• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.0781 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.4% lower against the dollar and now trades at $0.0534 or 0.00000079 BTC.
• Cosmos (ATOM) traded 5.7% higher against the dollar and now trades at $4.93 or 0.00007281 BTC.
• Fetch.ai (FET) traded 4.3% lower against the dollar and now trades at $1.40 or 0.00002068 BTC.
• Algorand (ALGO) traded 2.9% lower against the dollar and now trades at $0.13 or 0.00000187 BTC.

Cardano Coin Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was 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 message board is medium.com/feed/cardanorss. 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.

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 U.S. dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView