Cardano (ADA) Reaches One Day Trading Volume of $296.78 Million

Cardano (ADA) traded down 0% against the US dollar during the 1 day period ending at 7:00 AM E.T. on October 22nd. During the last week, Cardano has traded down 0.1% against the US dollar. One Cardano coin can now be purchased for about $0.36 or 0.00000538 BTC on popular exchanges. Cardano has a total market capitalization of $12.68 billion and $296.78 million worth of Cardano was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded down 2.7% against the dollar and now trades at $2,634.90 or 0.03912944 BTC.
• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $27.83 or 0.00041325 BTC.
• NEAR Protocol (NEAR) traded 4.2% lower against the dollar and now trades at $4.70 or 0.00006986 BTC.
• Uniswap (UNI) traded 6.6% higher against the dollar and now trades at $8.10 or 0.00012033 BTC.
• Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $7.96 or 0.00011821 BTC.
• Cronos (CRO) traded down 1.1% against the dollar and now trades at $0.0772 or 0.00000115 BTC.
• Hedera (HBAR) traded down 4.8% against the dollar and now trades at $0.0524 or 0.00000078 BTC.
• Cosmos (ATOM) traded down 2.4% against the dollar and now trades at $4.79 or 0.00007111 BTC.
• Fetch.ai (FET) traded down 2.6% against the dollar and now trades at $1.37 or 0.00002041 BTC.
• Algorand (ALGO) traded down 2.9% against the dollar and now trades at $0.12 or 0.00000185 BTC.

Cardano 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 44,995,121,858 coins and its circulating supply is 34,980,974,700 coins. 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. 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 currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase 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 purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView