Cardano (ADA) 24 Hour Trading Volume Hits $324.83 Million

Cardano (ADA) traded 0.4% lower against the dollar during the 24-hour period ending at 14:00 PM E.T. on April 27th. One Cardano coin can now be bought for approximately $0.47 or 0.00000735 BTC on exchanges. In the last week, Cardano has traded down 7.5% against the dollar. Cardano has a market cap of $16.59 billion and $324.83 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded 3.3% higher against the dollar and now trades at $3,252.38 or 0.05134846 BTC.
• Avalanche (AVAX) traded 1.2% lower against the dollar and now trades at $34.62 or 0.00054663 BTC.
• NEAR Protocol (NEAR) traded 6.6% higher against the dollar and now trades at $7.48 or 0.00011814 BTC.
• Internet Computer (ICP) traded down 0.3% against the dollar and now trades at $13.30 or 0.00020992 BTC.
• Uniswap (UNI) traded up 4.1% against the dollar and now trades at $7.98 or 0.00012597 BTC.
• Hedera (HBAR) traded 3% lower against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded 0.7% higher against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Cosmos (ATOM) traded up 1% against the dollar and now trades at $8.39 or 0.00013251 BTC.
• Fetch.ai (FET) traded down 1.4% against the dollar and now trades at $2.17 or 0.00003425 BTC.
• Algorand (ALGO) traded down 0% against the dollar and now trades at $0.20 or 0.00000315 BTC.

About Cardano

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 36,827,102,021 coins and its circulating supply is 35,636,631,396 coins. Cardano’s official website is www.cardano.org. 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. 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 possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView