Cardano Trading 5.1% Lower This Week (ADA)

Cardano (ADA) traded 0.2% lower against the U.S. dollar during the 24 hour period ending at 11:00 AM E.T. on October 28th. Cardano has a total market capitalization of $11.82 billion and approximately $210.36 million worth of Cardano was traded on exchanges in the last day. In the last seven days, Cardano has traded 5.1% lower against the U.S. dollar. One Cardano coin can now be purchased for approximately $0.34 or 0.00000492 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 0.7% higher against the dollar and now trades at $2,513.10 or 0.03663182 BTC.
• Avalanche (AVAX) traded up 0.3% against the dollar and now trades at $25.78 or 0.00037578 BTC.
• NEAR Protocol (NEAR) traded 2.5% lower against the dollar and now trades at $4.16 or 0.00006059 BTC.
• Uniswap (UNI) traded 0.8% higher against the dollar and now trades at $7.51 or 0.00010944 BTC.
• Internet Computer (ICP) traded 1.8% lower against the dollar and now trades at $7.71 or 0.00011238 BTC.
• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0735 or 0.00000107 BTC.
• Hedera (HBAR) traded down 1.7% against the dollar and now trades at $0.0483 or 0.00000070 BTC.
• Cosmos (ATOM) traded down 1.2% against the dollar and now trades at $4.34 or 0.00006324 BTC.
• Fetch.ai (FET) traded 2.3% lower against the dollar and now trades at $1.22 or 0.00001776 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.11 or 0.00000167 BTC.

Cardano Coin 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 44,995,214,671 coins and its circulating supply is 34,986,894,173 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 message board is medium.com/feed/cardanorss. The official website for Cardano is www.cardano.org. 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.”

Buying and Selling Cardano

It is usually not currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView