Cardano Trading 9.6% Higher Over Last Week (ADA)

Cardano (ADA) traded up 0% against the dollar during the 24 hour period ending at 19:00 PM E.T. on May 18th. Over the last week, Cardano has traded up 9.6% against the dollar. Cardano has a market capitalization of $17.19 billion and $240.06 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be bought for $0.48 or 0.00000719 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

  • Ethereum (ETH) traded 0.9% higher against the dollar and now trades at $3,121.33 or 0.04659140 BTC.
  • Avalanche (AVAX) traded 2% higher against the dollar and now trades at $37.14 or 0.00055441 BTC.
  • NEAR Protocol (NEAR) traded 1.4% lower against the dollar and now trades at $7.92 or 0.00011815 BTC.
  • Internet Computer (ICP) traded 0.7% higher against the dollar and now trades at $13.21 or 0.00019726 BTC.
  • Uniswap (UNI) traded 4.8% higher against the dollar and now trades at $7.87 or 0.00011741 BTC.
  • Hedera (HBAR) traded down 0.1% against the dollar and now trades at $0.11 or 0.00000171 BTC.
  • Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $8.60 or 0.00012842 BTC.
  • Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.12 or 0.00000186 BTC.
  • Fetch.ai (FET) traded 3% lower against the dollar and now trades at $2.28 or 0.00003401 BTC.
  • Algorand (ALGO) traded down 0.5% against the dollar and now trades at $0.18 or 0.00000273 BTC.

Cardano Profile

Cardano 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 36,883,631,806 coins and its circulating supply is 35,677,890,319 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 Twitter account is @cardano and its Facebook page is accessible here. The official website for Cardano is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss.

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 buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

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