Cardano One Day Volume Tops $369.64 Million (ADA)

Cardano (ADA) traded up 0.3% against the U.S. dollar during the 1-day period ending at 9:00 AM ET on February 17th. One Cardano coin can now be purchased for $0.28 or 0.00000415 BTC on major exchanges. Cardano has a total market cap of $10.75 billion and approximately $369.64 million worth of Cardano was traded on exchanges in the last day. Over the last seven days, Cardano has traded 7.6% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 1.4% higher against the dollar and now trades at $1,992.56 or 0.02924438 BTC.
• Cronos (CRO) traded 0% lower against the dollar and now trades at $0.0794 or 0.00000117 BTC.
• Hedera (HBAR) traded down 0.5% against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Avalanche (AVAX) traded down 0.7% against the dollar and now trades at $9.17 or 0.00013458 BTC.
• Uniswap (UNI) traded up 1.2% against the dollar and now trades at $3.55 or 0.00005208 BTC.
• Internet Computer (ICP) traded 0.7% lower against the dollar and now trades at $2.39 or 0.00003503 BTC.
• NEAR Protocol (NEAR) traded up 0.7% against the dollar and now trades at $1.06 or 0.00001552 BTC.
• Cosmos (ATOM) traded 3.5% higher against the dollar and now trades at $2.28 or 0.00003348 BTC.
• Algorand (ALGO) traded down 0.7% against the dollar and now trades at $0.0944 or 0.00000139 BTC.
• Beldex (BDX) traded 0% lower against the dollar and now trades at $0.0803 or 0.00000118 BTC.

Cardano Coin Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 44,994,539,820 coins and its circulating supply is 37,997,904,336 coins. Cardano’s official message board is cardano.org/news/atom.xml. 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. 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 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, Changelly or GDAX. 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