Cardano (ADA) Tops 24 Hour Volume of $219.25 Million

Cardano (ADA) traded 0.3% higher against the dollar during the one day period ending at 11:00 AM Eastern on October 18th. One Cardano coin can currently be bought for $0.35 or 0.00000509 BTC on major cryptocurrency exchanges. In the last seven days, Cardano has traded down 0% against the dollar. Cardano has a market cap of $12.16 billion and approximately $219.25 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded 1.4% higher against the dollar and now trades at $2,642.24 or 0.03864867 BTC.
• Avalanche (AVAX) traded up 0.1% against the dollar and now trades at $27.58 or 0.00040349 BTC.
• NEAR Protocol (NEAR) traded up 1.8% against the dollar and now trades at $4.83 or 0.00007059 BTC.
• Uniswap (UNI) traded 0.7% higher against the dollar and now trades at $7.41 or 0.00010837 BTC.
• Internet Computer (ICP) traded up 3.6% against the dollar and now trades at $7.95 or 0.00011634 BTC.
• Cronos (CRO) traded down 0.6% against the dollar and now trades at $0.0778 or 0.00000114 BTC.
• Hedera (HBAR) traded 1.1% higher against the dollar and now trades at $0.0515 or 0.00000075 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $4.33 or 0.00006331 BTC.
• Fetch.ai (FET) traded 1.3% higher against the dollar and now trades at $1.40 or 0.00002043 BTC.
• Algorand (ALGO) traded up 2.3% against the dollar and now trades at $0.12 or 0.00000178 BTC.

About Cardano

Cardano (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 44,995,138,227 coins and its circulating supply is 34,974,248,104 coins. The official website for Cardano is www.cardano.org. The official message board for Cardano is medium.com/feed/cardanorss. 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.

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 trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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