Cardano (ADA) Trading Down 5.1% Over Last Week

Cardano (ADA) traded up 3.3% against the dollar during the 24 hour period ending at 18:00 PM ET on April 19th. Cardano has a market cap of $16.82 billion and approximately $580.40 million worth of Cardano was traded on exchanges in the last 24 hours. In the last seven days, Cardano has traded 5.1% lower against the dollar. One Cardano coin can currently be purchased for approximately $0.47 or 0.00000734 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded up 1% against the dollar and now trades at $3,098.30 or 0.04815354 BTC.
• Avalanche (AVAX) traded 0.6% higher against the dollar and now trades at $35.21 or 0.00054726 BTC.
• Internet Computer (ICP) traded up 12.9% against the dollar and now trades at $14.38 or 0.00022343 BTC.
• NEAR Protocol (NEAR) traded down 1.1% against the dollar and now trades at $5.63 or 0.00008750 BTC.
• Uniswap (UNI) traded up 4.1% against the dollar and now trades at $7.57 or 0.00011766 BTC.
• Cronos (CRO) traded 1% higher against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $8.24 or 0.00012813 BTC.
• Hedera (HBAR) traded 0.9% lower against the dollar and now trades at $0.0817 or 0.00000127 BTC.
• Fetch.ai (FET) traded 4.2% higher against the dollar and now trades at $2.14 or 0.00003329 BTC.
• Algorand (ALGO) traded 0.8% higher against the dollar and now trades at $0.18 or 0.00000275 BTC.

Cardano Coin Profile

Cardano (CRYPTO: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 36,798,870,281 coins and its circulating supply is 35,624,666,301 coins. 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. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official website 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 currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView