Cardano (ADA) Price Hits $0.32 on Top Exchanges

Cardano (ADA) traded down 4.1% against the US dollar during the 24-hour period ending at 8:00 AM Eastern on September 4th. One Cardano coin can now be bought for $0.32 or 0.00000561 BTC on popular cryptocurrency exchanges. Over the last week, Cardano has traded 11.6% lower against the US dollar. Cardano has a market capitalization of $11.41 billion and $323.05 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded down 4.4% against the dollar and now trades at $2,398.00 or 0.04237683 BTC.
• Avalanche (AVAX) traded 4.4% lower against the dollar and now trades at $21.46 or 0.00037927 BTC.
• NEAR Protocol (NEAR) traded 4.8% lower against the dollar and now trades at $3.75 or 0.00006630 BTC.
• Uniswap (UNI) traded down 1.3% against the dollar and now trades at $6.19 or 0.00010947 BTC.
• Internet Computer (ICP) traded down 3.7% against the dollar and now trades at $7.21 or 0.00012739 BTC.
• Cronos (CRO) traded down 3.5% against the dollar and now trades at $0.0780 or 0.00000138 BTC.
• Hedera (HBAR) traded 5.6% lower against the dollar and now trades at $0.0482 or 0.00000085 BTC.
• Cosmos (ATOM) traded down 8.7% against the dollar and now trades at $4.01 or 0.00007090 BTC.
• Fetch.ai (FET) traded 8.5% lower against the dollar and now trades at $1.09 or 0.00001924 BTC.
• Algorand (ALGO) traded 5.1% lower against the dollar and now trades at $0.12 or 0.00000209 BTC.

Cardano Coin Profile

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 37,170,426,658 coins and its circulating supply is 35,960,643,044 coins. The official website for Cardano is www.cardano.org. 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 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.”

Cardano Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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