Cardano (ADA) Price Up 4.6% Over Last 7 Days

Cardano (ADA) traded down 1.7% against the U.S. dollar during the twenty-four hour period ending at 14:00 PM Eastern on October 16th. One Cardano coin can now be purchased for $0.35 or 0.00000522 BTC on major cryptocurrency exchanges. Cardano has a total market capitalization of $12.40 billion and $291.75 million worth of Cardano was traded on exchanges in the last 24 hours. During the last seven days, Cardano has traded up 4.6% against the U.S. dollar.

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

• Ethereum (ETH) traded up 0.7% against the dollar and now trades at $2,622.48 or 0.03857314 BTC.
• Avalanche (AVAX) traded down 2.7% against the dollar and now trades at $27.74 or 0.00040807 BTC.
• NEAR Protocol (NEAR) traded 3.4% lower against the dollar and now trades at $4.92 or 0.00007237 BTC.
• Uniswap (UNI) traded down 2.8% against the dollar and now trades at $7.64 or 0.00011238 BTC.
• Internet Computer (ICP) traded down 1.9% against the dollar and now trades at $7.91 or 0.00011642 BTC.
• Cronos (CRO) traded 0.8% higher against the dollar and now trades at $0.0785 or 0.00000115 BTC.
• Hedera (HBAR) traded down 4.7% against the dollar and now trades at $0.0542 or 0.00000080 BTC.
• Cosmos (ATOM) traded 2.3% lower against the dollar and now trades at $4.43 or 0.00006522 BTC.
• Fetch.ai (FET) traded 3.1% lower against the dollar and now trades at $1.43 or 0.00002102 BTC.
• Algorand (ALGO) traded down 3.6% against the dollar and now trades at $0.12 or 0.00000180 BTC.

Cardano Profile

Cardano (CRYPTO: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 44,995,142,609 coins and its circulating supply is 34,967,190,802 coins. The official website for Cardano is www.cardano.org. 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. 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 possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView