Cardano Price Hits $0.42 on Top Exchanges (ADA)

Cardano (ADA) traded 3.8% higher against the dollar during the 24 hour period ending at 20:00 PM Eastern on July 2nd. One Cardano coin can now be purchased for approximately $0.42 or 0.00000673 BTC on popular cryptocurrency exchanges. In the last week, Cardano has traded 6.7% higher against the dollar. Cardano has a market cap of $14.96 billion and approximately $259.92 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded down 0.5% against the dollar and now trades at $3,419.09 or 0.05504935 BTC.
• Avalanche (AVAX) traded up 0.2% against the dollar and now trades at $28.76 or 0.00046306 BTC.
• NEAR Protocol (NEAR) traded up 5.3% against the dollar and now trades at $5.53 or 0.00008911 BTC.
• Uniswap (UNI) traded 1.3% lower against the dollar and now trades at $8.99 or 0.00014471 BTC.
• Internet Computer (ICP) traded down 2.3% against the dollar and now trades at $7.85 or 0.00012644 BTC.
• Hedera (HBAR) traded 1.9% higher against the dollar and now trades at $0.0779 or 0.00000125 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $6.81 or 0.00010972 BTC.
• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0905 or 0.00000146 BTC.
• Fetch.ai (FET) traded 3.8% higher against the dollar and now trades at $1.32 or 0.00002129 BTC.
• Algorand (ALGO) traded up 2.4% against the dollar and now trades at $0.15 or 0.00000243 BTC.

Cardano Profile

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 37,007,766,298 coins and its circulating supply is 35,760,999,778 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. Cardano’s official message board is medium.com/feed/cardanorss. 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 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView