Cardano (ADA) Trading 1.2% Lower Over Last Week

Cardano (ADA) traded down 4.5% against the US dollar during the twenty-four hour period ending at 21:00 PM Eastern on October 31st. Cardano has a market capitalization of $11.89 billion and $284.93 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be bought for $0.34 or 0.00000486 BTC on popular exchanges. Over the last seven days, Cardano has traded 1.2% lower against the US dollar.

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

• Ethereum (ETH) traded down 5.1% against the dollar and now trades at $2,516.41 or 0.03602002 BTC.
• Avalanche (AVAX) traded down 4.4% against the dollar and now trades at $24.90 or 0.00035639 BTC.
• NEAR Protocol (NEAR) traded 5.5% lower against the dollar and now trades at $4.04 or 0.00005777 BTC.
• Uniswap (UNI) traded 4.6% lower against the dollar and now trades at $7.68 or 0.00010992 BTC.
• Internet Computer (ICP) traded down 3% against the dollar and now trades at $7.87 or 0.00011259 BTC.
• Fetch.ai (FET) traded up 0.3% against the dollar and now trades at $1.29 or 0.00001844 BTC.
• Cronos (CRO) traded 2.9% lower against the dollar and now trades at $0.0732 or 0.00000105 BTC.
• Hedera (HBAR) traded 4.7% lower against the dollar and now trades at $0.0460 or 0.00000066 BTC.
• Cosmos (ATOM) traded 4.5% lower against the dollar and now trades at $4.20 or 0.00006019 BTC.
• Algorand (ALGO) traded 5% lower against the dollar and now trades at $0.11 or 0.00000163 BTC.

Cardano Profile

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 44,995,106,473 coins and its circulating supply is 34,995,041,872 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 message board is medium.com/feed/cardanorss. The official website for Cardano is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here.

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

ADA/USD price chart by TradingView