Cardano Tops 24-Hour Trading Volume of $471.82 Million (ADA)

Cardano (ADA) traded 4.5% lower against the dollar during the 1 day period ending at 15:00 PM E.T. on April 24th. One Cardano coin can now be bought for approximately $0.48 or 0.00000747 BTC on major cryptocurrency exchanges. Cardano has a market capitalization of $17.12 billion and approximately $471.82 million worth of Cardano was traded on exchanges in the last 24 hours. In the last week, Cardano has traded 8% higher against the dollar.

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

• Ethereum (ETH) traded 2.4% lower against the dollar and now trades at $3,141.51 or 0.04883512 BTC.
• Avalanche (AVAX) traded 4.2% lower against the dollar and now trades at $37.11 or 0.00057683 BTC.
• NEAR Protocol (NEAR) traded 2.1% higher against the dollar and now trades at $7.16 or 0.00011133 BTC.
• Internet Computer (ICP) traded 4.4% lower against the dollar and now trades at $13.97 or 0.00021721 BTC.
• Uniswap (UNI) traded 2.2% lower against the dollar and now trades at $7.84 or 0.00012181 BTC.
• Hedera (HBAR) traded 3.6% higher against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Cronos (CRO) traded down 3.6% against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Cosmos (ATOM) traded down 1.9% against the dollar and now trades at $8.56 or 0.00013311 BTC.
• Fetch.ai (FET) traded 0.2% lower against the dollar and now trades at $2.45 or 0.00003804 BTC.
• Algorand (ALGO) traded 12.9% higher against the dollar and now trades at $0.22 or 0.00000338 BTC.

About 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 36,812,929,523 coins and its circulating supply is 35,633,942,156 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 website is www.cardano.org. 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 buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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