Cardano (ADA) Trading 6.3% Lower Over Last Week

Cardano (ADA) traded up 1.1% against the dollar during the 24 hour period ending at 17:00 PM Eastern on April 28th. One Cardano coin can now be purchased for $0.47 or 0.00000737 BTC on popular cryptocurrency exchanges. Cardano has a total market cap of $16.72 billion and $232.37 million worth of Cardano was traded on exchanges in the last day. During the last week, Cardano has traded down 6.3% against the dollar.

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

• Ethereum (ETH) traded up 2% against the dollar and now trades at $3,304.34 or 0.05192481 BTC.
• Avalanche (AVAX) traded 1.8% higher against the dollar and now trades at $34.91 or 0.00054864 BTC.
• NEAR Protocol (NEAR) traded down 1.5% against the dollar and now trades at $7.25 or 0.00011387 BTC.
• Internet Computer (ICP) traded 5.8% higher against the dollar and now trades at $13.94 or 0.00021898 BTC.
• Uniswap (UNI) traded up 0.6% against the dollar and now trades at $7.99 or 0.00012553 BTC.
• Hedera (HBAR) traded 1.2% lower against the dollar and now trades at $0.11 or 0.00000166 BTC.
• Cronos (CRO) traded up 3.2% against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $8.32 or 0.00013079 BTC.
• Fetch.ai (FET) traded up 2.6% against the dollar and now trades at $2.23 or 0.00003497 BTC.
• Algorand (ALGO) traded up 0.1% against the dollar and now trades at $0.20 or 0.00000311 BTC.

Cardano Coin Profile

Cardano 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 36,827,102,021 coins and its circulating supply is 35,640,779,097 coins. 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 message board for Cardano 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 trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView