Cardano Trading 0.5% Lower This Week (ADA)

Cardano (ADA) traded down 3.1% against the US dollar during the twenty-four hour period ending at 8:00 AM E.T. on October 24th. Cardano has a market cap of $11.97 billion and approximately $292.54 million worth of Cardano was traded on exchanges in the last 24 hours. In the last week, Cardano has traded 0.5% lower against the US dollar. One Cardano coin can currently be purchased for approximately $0.34 or 0.00000508 BTC on major cryptocurrency exchanges.

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

• Ethereum (ETH) traded 1.6% lower against the dollar and now trades at $2,529.54 or 0.03756901 BTC.
• Avalanche (AVAX) traded up 0% against the dollar and now trades at $26.63 or 0.00039545 BTC.
• NEAR Protocol (NEAR) traded 0.9% higher against the dollar and now trades at $4.62 or 0.00006863 BTC.
• Uniswap (UNI) traded 5.5% higher against the dollar and now trades at $8.12 or 0.00012057 BTC.
• Internet Computer (ICP) traded 1.4% higher against the dollar and now trades at $8.23 or 0.00012217 BTC.
• Cronos (CRO) traded down 0% against the dollar and now trades at $0.0759 or 0.00000113 BTC.
• Hedera (HBAR) traded 0.5% higher against the dollar and now trades at $0.0513 or 0.00000076 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $4.65 or 0.00006905 BTC.
• Fetch.ai (FET) traded 1.7% higher against the dollar and now trades at $1.34 or 0.00001992 BTC.
• Algorand (ALGO) traded 0.7% higher against the dollar and now trades at $0.12 or 0.00000181 BTC.

Cardano Coin Profile

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on 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 website is www.cardano.org. 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 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 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView