Cardano Price Hits $0.48 on Exchanges (ADA)

Cardano (ADA) traded down 4.5% against the U.S. dollar during the twenty-four hour period ending at 15:00 PM ET on April 24th. One Cardano coin can currently be purchased for $0.48 or 0.00000747 BTC on popular exchanges. Cardano has a total market cap of $17.12 billion and $471.82 million worth of Cardano was traded on exchanges in the last day. During the last week, Cardano has traded up 8% against the U.S. dollar.

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

• Ethereum (ETH) traded 2.4% lower against the dollar and now trades at $3,141.51 or 0.04883512 BTC.
• Avalanche (AVAX) traded 4.2% lower against the dollar and now trades at $37.11 or 0.00057683 BTC.
• NEAR Protocol (NEAR) traded 2.1% higher against the dollar and now trades at $7.16 or 0.00011133 BTC.
• Internet Computer (ICP) traded 4.4% lower against the dollar and now trades at $13.97 or 0.00021721 BTC.
• Uniswap (UNI) traded 2.2% lower against the dollar and now trades at $7.84 or 0.00012181 BTC.
• Hedera (HBAR) traded up 3.6% against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Cronos (CRO) traded 3.6% lower against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Cosmos (ATOM) traded down 1.9% against the dollar and now trades at $8.56 or 0.00013311 BTC.
• Fetch.ai (FET) traded 0.2% lower against the dollar and now trades at $2.45 or 0.00003804 BTC.
• Algorand (ALGO) traded 12.9% higher against the dollar and now trades at $0.22 or 0.00000338 BTC.

About Cardano

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 36,812,929,523 coins and its circulating supply is 35,633,942,156 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The official message board for Cardano is medium.com/feed/cardanorss. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official website for Cardano is www.cardano.org.

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView