Cardano Trading Down 21.9% This Week (ADA)

Cardano (ADA) traded down 1% against the dollar during the 24-hour period ending at 22:00 PM Eastern on April 16th. Cardano has a total market cap of $16.28 billion and $511.29 million worth of Cardano was traded on exchanges in the last 24 hours. During the last seven days, Cardano has traded 21.9% lower against the dollar. One Cardano coin can currently be bought for about $0.46 or 0.00000714 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded up 0.2% against the dollar and now trades at $3,091.19 or 0.04829645 BTC.
• Avalanche (AVAX) traded 1.1% lower against the dollar and now trades at $34.57 or 0.00054008 BTC.
• NEAR Protocol (NEAR) traded 5.4% higher against the dollar and now trades at $5.44 or 0.00008500 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $12.20 or 0.00019057 BTC.
• Uniswap (UNI) traded down 1.1% against the dollar and now trades at $7.10 or 0.00011097 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $8.15 or 0.00012730 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0797 or 0.00000124 BTC.
• Fetch.ai (FET) traded down 0.1% against the dollar and now trades at $2.04 or 0.00003194 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.17 or 0.00000270 BTC.

Cardano Profile

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 36,798,870,281 coins and its circulating supply is 35,615,799,312 coins. The official website for Cardano 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. The official message board for Cardano 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 possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView