Cardano Trading 4.6% Higher This Week (ADA)

Cardano (ADA) traded up 1.7% against the US dollar during the twenty-four hour period ending at 7:00 AM ET on October 31st. One Cardano coin can currently be bought for $0.36 or 0.00000495 BTC on exchanges. Cardano has a market cap of $12.53 billion and approximately $242.52 million worth of Cardano was traded on exchanges in the last day. Over the last seven days, Cardano has traded up 4.6% against the US dollar.

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

• Ethereum (ETH) traded 1.2% lower against the dollar and now trades at $2,632.44 or 0.03640459 BTC.
• Avalanche (AVAX) traded down 1.8% against the dollar and now trades at $25.70 or 0.00035539 BTC.
• NEAR Protocol (NEAR) traded down 2.2% against the dollar and now trades at $4.22 or 0.00005836 BTC.
• Uniswap (UNI) traded 2.1% lower against the dollar and now trades at $7.85 or 0.00010854 BTC.
• Internet Computer (ICP) traded 1% lower against the dollar and now trades at $7.94 or 0.00010983 BTC.
• Fetch.ai (FET) traded 2% higher against the dollar and now trades at $1.31 or 0.00001814 BTC.
• Cronos (CRO) traded down 3% against the dollar and now trades at $0.0744 or 0.00000103 BTC.
• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.0472 or 0.00000065 BTC.
• Cosmos (ATOM) traded down 1% against the dollar and now trades at $4.36 or 0.00006024 BTC.
• Algorand (ALGO) traded 3.1% lower against the dollar and now trades at $0.12 or 0.00000162 BTC.

Cardano 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 44,995,214,671 coins and its circulating supply is 34,986,894,173 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 message board is medium.com/feed/cardanorss. The official website for Cardano 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 currently 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 Coinbase, Gemini or Changelly. 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