Cardano (ADA) Trading Down 4.2% Over Last 7 Days

Cardano (ADA) traded up 0.8% against the dollar during the 1 day period ending at 10:00 AM Eastern on December 28th. Cardano has a market capitalization of $31.05 billion and approximately $625.21 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be purchased for approximately $0.88 or 0.00000934 BTC on exchanges. In the last week, Cardano has traded 4.2% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded up 1.6% against the dollar and now trades at $3,376.35 or 0.03569290 BTC.
• Avalanche (AVAX) traded 1.4% higher against the dollar and now trades at $37.28 or 0.00039406 BTC.
• Hedera (HBAR) traded up 0.8% against the dollar and now trades at $0.28 or 0.00000296 BTC.
• Uniswap (UNI) traded down 0.5% against the dollar and now trades at $13.41 or 0.00014172 BTC.
• NEAR Protocol (NEAR) traded 3.4% higher against the dollar and now trades at $5.23 or 0.00005534 BTC.
• Internet Computer (ICP) traded up 1.6% against the dollar and now trades at $10.40 or 0.00010999 BTC.
• Cronos (CRO) traded 1.1% lower against the dollar and now trades at $0.15 or 0.00000157 BTC.
• Fetch.ai (FET) traded up 3.4% against the dollar and now trades at $1.35 or 0.00001422 BTC.
• Algorand (ALGO) traded up 0.3% against the dollar and now trades at $0.34 or 0.00000357 BTC.
• Cosmos (ATOM) traded 1.2% higher against the dollar and now trades at $6.54 or 0.00006910 BTC.

About Cardano

ADA 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 44,995,113,979 coins and its circulating supply is 35,131,891,445 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 Twitter account is @cardano and its Facebook page is accessible 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.”

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 GDAX, Gemini or Changelly. 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