Cardano (ADA) 24 Hour Trading Volume Reaches $559.15 Million

Cardano (ADA) traded 13.2% lower against the US dollar during the 24 hour period ending at 20:00 PM Eastern on July 4th. One Cardano coin can now be bought for about $0.36 or 0.00000624 BTC on popular exchanges. Cardano has a total market cap of $12.73 billion and $559.15 million worth of Cardano was traded on exchanges in the last 24 hours. During the last week, Cardano has traded 8.8% lower against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 6.7% lower against the dollar and now trades at $3,078.67 or 0.05392780 BTC.
• Avalanche (AVAX) traded 9.2% lower against the dollar and now trades at $24.07 or 0.00042156 BTC.
• NEAR Protocol (NEAR) traded 10.4% lower against the dollar and now trades at $4.52 or 0.00007920 BTC.
• Uniswap (UNI) traded 11.6% lower against the dollar and now trades at $7.54 or 0.00013207 BTC.
• Internet Computer (ICP) traded down 9.5% against the dollar and now trades at $6.58 or 0.00011523 BTC.
• Hedera (HBAR) traded down 9.8% against the dollar and now trades at $0.0651 or 0.00000114 BTC.
• Cosmos (ATOM) traded down 7.5% against the dollar and now trades at $5.89 or 0.00010311 BTC.
• Cronos (CRO) traded down 6.5% against the dollar and now trades at $0.0833 or 0.00000146 BTC.
• Fetch.ai (FET) traded down 3.8% against the dollar and now trades at $1.20 or 0.00002101 BTC.
• Algorand (ALGO) traded 9.7% lower against the dollar and now trades at $0.13 or 0.00000225 BTC.

Cardano Profile

Cardano 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 37,021,269,744 coins and its circulating supply is 35,760,959,889 coins. The official website for Cardano is www.cardano.org. 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. 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 buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView