Cardano 24 Hour Trading Volume Reaches $276.08 Million (ADA)

Cardano (ADA) traded 2.4% higher against the U.S. dollar during the 1 day period ending at 23:00 PM ET on July 10th. One Cardano coin can now be purchased for approximately $0.39 or 0.00000675 BTC on major cryptocurrency exchanges. Cardano has a market cap of $13.89 billion and approximately $276.08 million worth of Cardano was traded on exchanges in the last 24 hours. In the last seven days, Cardano has traded 2.4% lower against the U.S. dollar.

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

• Ethereum (ETH) traded down 0.3% against the dollar and now trades at $3,066.80 or 0.05344264 BTC.
• Avalanche (AVAX) traded 5.3% lower against the dollar and now trades at $25.30 or 0.00044093 BTC.
• NEAR Protocol (NEAR) traded up 0.5% against the dollar and now trades at $4.56 or 0.00007955 BTC.
• Uniswap (UNI) traded 2.3% lower against the dollar and now trades at $7.91 or 0.00013777 BTC.
• Internet Computer (ICP) traded 0.1% lower against the dollar and now trades at $7.18 or 0.00012516 BTC.
• Hedera (HBAR) traded 2.1% lower against the dollar and now trades at $0.0660 or 0.00000115 BTC.
• Cosmos (ATOM) traded 1.7% higher against the dollar and now trades at $6.04 or 0.00010529 BTC.
• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.0844 or 0.00000147 BTC.
• Fetch.ai (FET) traded down 2.4% against the dollar and now trades at $1.18 or 0.00002053 BTC.
• Algorand (ALGO) traded 0.6% higher against the dollar and now trades at $0.14 or 0.00000241 BTC.

Cardano Coin Profile

Cardano 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 37,034,995,408 coins and its circulating supply is 35,872,815,374 coins. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official website 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 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 US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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