Cardano Trading Up 9.3% Over Last 7 Days (ADA)

Cardano (ADA) traded 0.3% higher against the US dollar during the 1 day period ending at 16:00 PM Eastern on May 19th. One Cardano coin can currently be bought for approximately $0.53 or 0.00001759 BTC on exchanges. Cardano has a market cap of $17.83 billion and $982.49 million worth of Cardano was traded on exchanges in the last 24 hours. Over the last seven days, Cardano has traded up 9.3% against the US dollar.

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

  • Avalanche (AVAX) traded down 3.1% against the dollar and now trades at $29.73 or 0.00098979 BTC.
  • Hedera Hashgraph (HBAR) traded flat against the dollar and now trades at $0.36 or 0.00000629 BTC.
  • Cronos (CRO) traded 3% higher against the dollar and now trades at $0.19 or 0.00000647 BTC.
  • NEAR Protocol (NEAR) traded 1.3% lower against the dollar and now trades at $5.99 or 0.00019931 BTC.
  • Uniswap (UNI) traded up 0.4% against the dollar and now trades at $5.07 or 0.00016881 BTC.
  • Algorand (ALGO) traded 3.5% lower against the dollar and now trades at $0.44 or 0.00001454 BTC.
  • Hedera (HBAR) traded 0.6% lower against the dollar and now trades at $0.10 or 0.00000341 BTC.
  • Elrond (EGLD) traded 2.9% lower against the dollar and now trades at $92.04 or 0.00306485 BTC.
  • XinFin Network (XDC) traded flat against the dollar and now trades at $0.13 or 0.00000284 BTC.
  • Helium (HNT) traded 0.4% higher against the dollar and now trades at $8.16 or 0.00027159 BTC.

Cardano Coin Profile

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was October 5th, 2017. Cardano’s total supply is 34,277,702,082 coins and its circulating supply is 33,752,565,071 coins. The Reddit community for Cardano is /r/cardano and the currency’s Github account can be viewed here. The official message board for Cardano is medium.com/feed/cardanorss. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @CardanoStiftung and its Facebook page is accessible here.

According to CryptoCompare, “Designed and developed by IOHK in conjunction with the University of Edinburgh, the University of Athens and the University of Connecticut, Cardano SL (or Cardano Settlement Layer) is a Proof of Stake cryptocurrency based on the Haskell implementation of the white paper “Ouroboros: A Provably Secure Proof of Stake Blockchain Protocol” by Aggelos Kiayias, Alexander Russell, Bernardo David and Roman Oliynykov. Blockchain data provided by: Blockchair “

Buying and Selling Cardano

It is usually not currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

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