Cardano 24-Hour Trading Volume Reaches $260.74 Million (ADA)

Cardano (ADA) traded up 1% against the U.S. dollar during the 1-day period ending at 16:00 PM Eastern on May 4th. One Cardano coin can now be purchased for approximately $0.47 or 0.00000734 BTC on exchanges. Over the last week, Cardano has traded up 1% against the U.S. dollar. Cardano has a market cap of $16.75 billion and $260.74 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded 1.8% higher against the dollar and now trades at $3,130.18 or 0.04893353 BTC.
• Avalanche (AVAX) traded up 6% against the dollar and now trades at $37.30 or 0.00058311 BTC.
• NEAR Protocol (NEAR) traded 1.1% higher against the dollar and now trades at $6.90 or 0.00010784 BTC.
• Internet Computer (ICP) traded down 2.9% against the dollar and now trades at $13.35 or 0.00020869 BTC.
• Uniswap (UNI) traded 1.5% higher against the dollar and now trades at $7.56 or 0.00011811 BTC.
• Hedera (HBAR) traded down 3.2% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded up 1.2% against the dollar and now trades at $0.13 or 0.00000210 BTC.
• Cosmos (ATOM) traded down 0.5% against the dollar and now trades at $8.75 or 0.00013685 BTC.
• Fetch.ai (FET) traded 2.6% higher against the dollar and now trades at $2.19 or 0.00003426 BTC.
• Algorand (ALGO) traded up 1.6% against the dollar and now trades at $0.20 or 0.00000306 BTC.

About Cardano

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 36,841,202,420 coins and its circulating supply is 35,652,403,530 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. 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.”

Cardano Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase 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 purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView