Cardano One Day Volume Reaches $461.11 Million (ADA)

Cardano (ADA) traded 5.1% lower against the U.S. dollar during the 24-hour period ending at 21:00 PM ET on October 25th. One Cardano coin can currently be purchased for about $0.33 or 0.00000492 BTC on popular exchanges. Cardano has a market cap of $11.44 billion and approximately $461.11 million worth of Cardano was traded on exchanges in the last 24 hours. In the last seven days, Cardano has traded 7.1% lower against the U.S. dollar.

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

• Ethereum (ETH) traded 3.4% lower against the dollar and now trades at $2,435.91 or 0.03664074 BTC.
• Avalanche (AVAX) traded 6.3% lower against the dollar and now trades at $24.93 or 0.00037503 BTC.
• NEAR Protocol (NEAR) traded 10.6% lower against the dollar and now trades at $4.17 or 0.00006280 BTC.
• Uniswap (UNI) traded down 7.6% against the dollar and now trades at $7.47 or 0.00011244 BTC.
• Internet Computer (ICP) traded 7.4% lower against the dollar and now trades at $7.71 or 0.00011591 BTC.
• Cronos (CRO) traded down 4% against the dollar and now trades at $0.0725 or 0.00000109 BTC.
• Hedera (HBAR) traded 6.2% lower against the dollar and now trades at $0.0479 or 0.00000072 BTC.
• Cosmos (ATOM) traded down 7.6% against the dollar and now trades at $4.43 or 0.00006668 BTC.
• Fetch.ai (FET) traded down 9.2% against the dollar and now trades at $1.21 or 0.00001813 BTC.
• Algorand (ALGO) traded down 5.8% against the dollar and now trades at $0.11 or 0.00000172 BTC.

Cardano Coin Profile

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on 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. 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 website is www.cardano.org.

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 presently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView