Cardano Hits 24 Hour Trading Volume of $628.81 Million (ADA)

Cardano (ADA) traded down 2.5% against the dollar during the 24 hour period ending at 10:00 AM ET on January 25th. One Cardano coin can now be bought for about $0.98 or 0.00000936 BTC on popular exchanges. Over the last seven days, Cardano has traded 9.1% lower against the dollar. Cardano has a total market capitalization of $34.39 billion and $628.81 million worth of Cardano was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded down 3% against the dollar and now trades at $3,306.58 or 0.03164607 BTC.
• Avalanche (AVAX) traded 3.3% lower against the dollar and now trades at $35.27 or 0.00033758 BTC.
• Hedera (HBAR) traded 4.2% lower against the dollar and now trades at $0.33 or 0.00000315 BTC.
• Uniswap (UNI) traded down 6.6% against the dollar and now trades at $12.15 or 0.00011632 BTC.
• NEAR Protocol (NEAR) traded down 3.9% against the dollar and now trades at $4.90 or 0.00004693 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $9.05 or 0.00008659 BTC.
• Cronos (CRO) traded 3.4% lower against the dollar and now trades at $0.14 or 0.00000132 BTC.
• Algorand (ALGO) traded down 5.9% against the dollar and now trades at $0.40 or 0.00000378 BTC.
• Fetch.ai (FET) traded 4.6% lower against the dollar and now trades at $1.20 or 0.00001147 BTC.
• Cosmos (ATOM) traded 3.7% lower against the dollar and now trades at $6.16 or 0.00005899 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 44,995,094,873 coins and its circulating supply is 35,180,226,133 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 website is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss. 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.”

Cardano Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView