Cardano One Day Volume Hits $499.42 Million (ADA)

Cardano (ADA) traded 3.3% lower against the U.S. dollar during the 24 hour period ending at 16:00 PM ET on April 10th. Cardano has a market capitalization of $20.65 billion and approximately $499.42 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for $0.58 or 0.00000831 BTC on cryptocurrency exchanges. During the last week, Cardano has traded 0.5% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 0% lower against the dollar and now trades at $3,512.73 or 0.05032146 BTC.
• Avalanche (AVAX) traded 0.3% lower against the dollar and now trades at $47.14 or 0.00067535 BTC.
• NEAR Protocol (NEAR) traded 5.4% lower against the dollar and now trades at $6.92 or 0.00009917 BTC.
• Internet Computer (ICP) traded 3.1% lower against the dollar and now trades at $15.80 or 0.00022641 BTC.
• Uniswap (UNI) traded 9.9% lower against the dollar and now trades at $10.12 or 0.00014494 BTC.
• Cosmos (ATOM) traded down 1.7% against the dollar and now trades at $10.75 or 0.00015393 BTC.
• Cronos (CRO) traded 2.6% lower against the dollar and now trades at $0.15 or 0.00000209 BTC.
• Hedera (HBAR) traded 3.9% lower against the dollar and now trades at $0.10 or 0.00000145 BTC.
• Fetch.ai (FET) traded 0.4% higher against the dollar and now trades at $2.61 or 0.00003738 BTC.
• Algorand (ALGO) traded 3.1% lower against the dollar and now trades at $0.23 or 0.00000326 BTC.

Cardano 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 36,785,005,677 coins and its circulating supply is 35,606,399,697 coins. The official website for Cardano is www.cardano.org. Cardano’s official message board 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 buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView