Cardano (ADA) 24 Hour Volume Reaches $395.23 Million

Cardano (ADA) traded 0.2% higher against the US dollar during the one day period ending at 20:00 PM E.T. on November 20th. One Cardano coin can currently be bought for approximately $0.38 or 0.00001023 BTC on popular cryptocurrency exchanges. Cardano has a market cap of $13.53 billion and approximately $395.23 million worth of Cardano was traded on exchanges in the last day. In the last seven days, Cardano has traded 8% higher against the US dollar.

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

• Ethereum (ETH) traded up 1.1% against the dollar and now trades at $2,028.89 or 0.05411931 BTC.
• Avalanche (AVAX) traded down 11% against the dollar and now trades at $20.60 or 0.00054941 BTC.
• Cosmos (ATOM) traded 4.3% lower against the dollar and now trades at $9.00 or 0.00024019 BTC.
• Uniswap (UNI) traded 0.4% lower against the dollar and now trades at $5.22 or 0.00013931 BTC.
• Cronos (CRO) traded 3.3% lower against the dollar and now trades at $0.0951 or 0.00000254 BTC.
• Hedera (HBAR) traded 1% higher against the dollar and now trades at $0.0652 or 0.00000174 BTC.
• Internet Computer (ICP) traded down 0.6% against the dollar and now trades at $4.56 or 0.00012162 BTC.
• NEAR Protocol (NEAR) traded down 2.6% against the dollar and now trades at $1.98 or 0.00005275 BTC.
• Algorand (ALGO) traded up 0.3% against the dollar and now trades at $0.14 or 0.00000375 BTC.
• Kava (KAVA) traded 2.6% lower against the dollar and now trades at $0.77 or 0.00002043 BTC.

Cardano Profile

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 36,365,391,093 coins and its circulating supply is 35,288,485,147 coins. The official message board for Cardano 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. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed 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 presently 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, Changelly 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