Cardano Trading Up 1.1% This Week (ADA)

Cardano (ADA) traded up 2.1% against the US dollar during the 1-day period ending at 13:00 PM E.T. on March 28th. In the last seven days, Cardano has traded 1.1% higher against the US dollar. Cardano has a market cap of $23.23 billion and $519.38 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be bought for $0.65 or 0.00000923 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded 1.2% higher against the dollar and now trades at $3,561.82 or 0.05034691 BTC.
• Avalanche (AVAX) traded 0.9% higher against the dollar and now trades at $54.37 or 0.00076855 BTC.
• Internet Computer (ICP) traded 15.4% lower against the dollar and now trades at $17.66 or 0.00024956 BTC.
• NEAR Protocol (NEAR) traded down 0.4% against the dollar and now trades at $7.23 or 0.00010227 BTC.
• Uniswap (UNI) traded 0.7% lower against the dollar and now trades at $12.42 or 0.00017557 BTC.
• Cosmos (ATOM) traded 3.3% lower against the dollar and now trades at $12.29 or 0.00017379 BTC.
• Cronos (CRO) traded 3.3% higher against the dollar and now trades at $0.15 or 0.00000216 BTC.
• Hedera (HBAR) traded up 2.6% against the dollar and now trades at $0.12 or 0.00000165 BTC.
• Fetch.ai (FET) traded 10.7% higher against the dollar and now trades at $3.43 or 0.00004851 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.27 or 0.00000387 BTC.

Cardano Profile

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 36,742,818,379 coins and its circulating supply is 35,581,466,930 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. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board is medium.com/feed/cardanorss.

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 presently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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