Cardano Price Tops $0.38 on Major Exchanges (ADA)

Cardano (ADA) traded 1.6% lower against the dollar during the 24-hour period ending at 23:00 PM ET on June 23rd. In the last week, Cardano has traded 8.7% lower against the dollar. One Cardano coin can currently be purchased for approximately $0.38 or 0.00000601 BTC on popular cryptocurrency exchanges. Cardano has a market capitalization of $13.54 billion and $214.47 million worth of Cardano was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • Ethereum (ETH) traded 2.8% lower against the dollar and now trades at $3,408.20 or 0.05409945 BTC.
  • Avalanche (AVAX) traded down 3.9% against the dollar and now trades at $24.76 or 0.00039310 BTC.
  • Uniswap (UNI) traded 2.7% lower against the dollar and now trades at $9.63 or 0.00015293 BTC.
  • NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $5.28 or 0.00008389 BTC.
  • Internet Computer (ICP) traded 4.5% lower against the dollar and now trades at $7.89 or 0.00012528 BTC.
  • Hedera (HBAR) traded 3.3% lower against the dollar and now trades at $0.0762 or 0.00000121 BTC.
  • Cosmos (ATOM) traded 1.4% lower against the dollar and now trades at $6.70 or 0.00010635 BTC.
  • Cronos (CRO) traded down 2% against the dollar and now trades at $0.0916 or 0.00000145 BTC.
  • Fetch.ai (FET) traded 4.9% lower against the dollar and now trades at $1.40 or 0.00002223 BTC.
  • Algorand (ALGO) traded 2.3% lower against the dollar and now trades at $0.13 or 0.00000210 BTC.

About 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 36,994,116,265 coins and its circulating supply is 35,743,204,748 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. 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.

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 purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. 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.

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