Cardano (ADA) 24 Hour Volume Hits $531.70 Million

Cardano (ADA) traded 3.8% higher against the U.S. dollar during the twenty-four hour period ending at 9:00 AM Eastern on January 28th. Cardano has a market capitalization of $13.74 billion and approximately $531.70 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be bought for approximately $0.36 or 0.00000402 BTC on exchanges. Over the last seven days, Cardano has traded up 2.1% against the U.S. dollar.

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

• Ethereum (ETH) traded 4.3% higher against the dollar and now trades at $3,032.32 or 0.03367770 BTC.
• Cronos (CRO) traded up 1.7% against the dollar and now trades at $0.0918 or 0.00000102 BTC.
• Avalanche (AVAX) traded up 4.8% against the dollar and now trades at $12.17 or 0.00013521 BTC.
• Hedera (HBAR) traded up 2.8% against the dollar and now trades at $0.11 or 0.00000120 BTC.
• Uniswap (UNI) traded up 4.3% against the dollar and now trades at $4.85 or 0.00005383 BTC.
• NEAR Protocol (NEAR) traded up 2.3% against the dollar and now trades at $1.48 or 0.00001646 BTC.
• Internet Computer (ICP) traded 0.5% higher against the dollar and now trades at $3.25 or 0.00003608 BTC.
• Cosmos (ATOM) traded 3% higher against the dollar and now trades at $2.28 or 0.00002536 BTC.
• Algorand (ALGO) traded up 2.2% against the dollar and now trades at $0.12 or 0.00000135 BTC.
• Beldex (BDX) traded down 1.9% against the dollar and now trades at $0.0781 or 0.00000087 BTC.

About Cardano

Cardano (ADA) 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 44,994,555,882 coins and its circulating supply is 37,997,904,336 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 cardano.org/news/atom.xml. 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.”

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 Changelly, Gemini 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