Cardano Trading Up 1.1% This Week (ADA)

Cardano (ADA) traded 2.1% higher against the US dollar during the 24 hour period ending at 13:00 PM E.T. on March 28th. Cardano has a total market cap of $23.23 billion and approximately $519.38 million worth of Cardano was traded on exchanges in the last day. Over the last seven days, Cardano has traded 1.1% higher against the US dollar. One Cardano coin can now be purchased for about $0.65 or 0.00000923 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded up 1.2% against the dollar and now trades at $3,561.82 or 0.05034691 BTC.
• Avalanche (AVAX) traded up 0.9% against the dollar and now trades at $54.37 or 0.00076855 BTC.
• Internet Computer (ICP) traded 15.4% lower against the dollar and now trades at $17.66 or 0.00024956 BTC.
• NEAR Protocol (NEAR) traded 0.4% lower against the dollar and now trades at $7.23 or 0.00010227 BTC.
• Uniswap (UNI) traded down 0.7% against the dollar and now trades at $12.42 or 0.00017557 BTC.
• Cosmos (ATOM) traded down 3.3% against the dollar and now trades at $12.29 or 0.00017379 BTC.
• Cronos (CRO) traded 3.3% higher against the dollar and now trades at $0.15 or 0.00000216 BTC.
• Hedera (HBAR) traded 2.6% higher against the dollar and now trades at $0.12 or 0.00000165 BTC.
• Fetch.ai (FET) traded up 10.7% against the dollar and now trades at $3.43 or 0.00004851 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.27 or 0.00000387 BTC.

About Cardano

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 36,742,818,379 coins and its circulating supply is 35,581,466,930 coins. Cardano’s official message board 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. The official website for Cardano 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 buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. 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