Cardano (ADA) Hits 1-Day Volume of $304.28 Million

Cardano (ADA) traded 0.4% higher against the US dollar during the 1 day period ending at 22:00 PM ET on May 9th. One Cardano coin can currently be bought for $0.46 or 0.00000740 BTC on popular cryptocurrency exchanges. Cardano has a total market capitalization of $16.57 billion and $304.28 million worth of Cardano was traded on exchanges in the last day. During the last seven days, Cardano has traded 0.8% higher against the US dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded up 1.4% against the dollar and now trades at $3,033.85 or 0.04831187 BTC.
• Avalanche (AVAX) traded up 2.7% against the dollar and now trades at $35.21 or 0.00056071 BTC.
• NEAR Protocol (NEAR) traded 7% higher against the dollar and now trades at $7.51 or 0.00011953 BTC.
• Internet Computer (ICP) traded 1.6% higher against the dollar and now trades at $12.22 or 0.00019461 BTC.
• Uniswap (UNI) traded 2.3% higher against the dollar and now trades at $7.51 or 0.00011953 BTC.
• Hedera (HBAR) traded 3.1% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $9.12 or 0.00014518 BTC.
• Cronos (CRO) traded 1.4% higher against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Fetch.ai (FET) traded 5.3% higher against the dollar and now trades at $2.29 or 0.00003644 BTC.
• Algorand (ALGO) traded up 3% against the dollar and now trades at $0.19 or 0.00000309 BTC.

Cardano Coin Profile

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 36,869,473,182 coins and its circulating supply is 35,661,068,686 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 acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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