Cardano Trading Down 3% Over Last Week (ADA)

Cardano (ADA) traded 2.1% higher against the U.S. dollar during the 24 hour period ending at 18:00 PM E.T. on October 29th. One Cardano coin can currently be bought for $0.35 or 0.00000489 BTC on popular cryptocurrency exchanges. During the last seven days, Cardano has traded down 3% against the U.S. dollar. Cardano has a market capitalization of $12.36 billion and $301.50 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded up 2.5% against the dollar and now trades at $2,620.55 or 0.03628628 BTC.
• Avalanche (AVAX) traded 1.4% higher against the dollar and now trades at $26.68 or 0.00036946 BTC.
• NEAR Protocol (NEAR) traded 1.6% higher against the dollar and now trades at $4.39 or 0.00006084 BTC.
• Uniswap (UNI) traded 3.5% higher against the dollar and now trades at $7.95 or 0.00011013 BTC.
• Internet Computer (ICP) traded 3.5% higher against the dollar and now trades at $8.09 or 0.00011209 BTC.
• Cronos (CRO) traded 3.2% higher against the dollar and now trades at $0.0766 or 0.00000106 BTC.
• Hedera (HBAR) traded 0.8% higher against the dollar and now trades at $0.0495 or 0.00000068 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $4.49 or 0.00006223 BTC.
• Fetch.ai (FET) traded up 3.9% against the dollar and now trades at $1.33 or 0.00001839 BTC.
• Algorand (ALGO) traded 4.4% higher against the dollar and now trades at $0.12 or 0.00000171 BTC.

About Cardano

Cardano (ADA) 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 44,995,214,671 coins and its circulating supply is 34,986,894,173 coins. Cardano’s official website 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. 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.

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