Cardano (ADA) Reaches 24-Hour Volume of $375.15 Million

Cardano (ADA) traded down 1.8% against the U.S. dollar during the 24-hour period ending at 14:00 PM E.T. on April 21st. Cardano has a total market capitalization of $17.69 billion and approximately $375.15 million worth of Cardano was traded on exchanges in the last day. In the last week, Cardano has traded 8.7% higher against the U.S. dollar. One Cardano coin can now be bought for about $0.50 or 0.00000766 BTC on major cryptocurrency exchanges.

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

• Ethereum (ETH) traded 0.2% lower against the dollar and now trades at $3,145.85 or 0.04853906 BTC.
• Avalanche (AVAX) traded 1.6% lower against the dollar and now trades at $36.95 or 0.00057019 BTC.
• Internet Computer (ICP) traded down 2.3% against the dollar and now trades at $15.17 or 0.00023413 BTC.
• NEAR Protocol (NEAR) traded 2.1% higher against the dollar and now trades at $6.17 or 0.00009516 BTC.
• Uniswap (UNI) traded 2.4% lower against the dollar and now trades at $7.68 or 0.00011845 BTC.
• Cronos (CRO) traded down 0.8% against the dollar and now trades at $0.13 or 0.00000199 BTC.
• Cosmos (ATOM) traded 0.3% lower against the dollar and now trades at $8.60 or 0.00013275 BTC.
• Hedera (HBAR) traded up 3.6% against the dollar and now trades at $0.0888 or 0.00000137 BTC.
• Fetch.ai (FET) traded down 0.9% against the dollar and now trades at $2.40 or 0.00003707 BTC.
• Algorand (ALGO) traded down 1.9% against the dollar and now trades at $0.19 or 0.00000288 BTC.

About Cardano

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 36,812,929,523 coins and its circulating supply is 35,624,622,033 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The official message board for Cardano is medium.com/feed/cardanorss. The official website for Cardano 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.

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 U.S. dollars. Investors seeking to trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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