Cardano (ADA) Price Tops $0.89 on Exchanges

Cardano (ADA) traded 13.2% higher against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on November 22nd. One Cardano coin can now be bought for about $0.89 or 0.00000919 BTC on major exchanges. During the last week, Cardano has traded up 33.2% against the dollar. Cardano has a total market capitalization of $31.35 billion and $4.20 billion worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded down 1.8% against the dollar and now trades at $3,287.53 or 0.03379569 BTC.
• Avalanche (AVAX) traded up 8% against the dollar and now trades at $38.14 or 0.00039212 BTC.
• NEAR Protocol (NEAR) traded down 3.1% against the dollar and now trades at $5.56 or 0.00005719 BTC.
• Uniswap (UNI) traded 0.2% higher against the dollar and now trades at $9.31 or 0.00009572 BTC.
• Hedera (HBAR) traded 8.9% higher against the dollar and now trades at $0.13 or 0.00000135 BTC.
• Cronos (CRO) traded 2.3% higher against the dollar and now trades at $0.18 or 0.00000190 BTC.
• Internet Computer (ICP) traded up 4.6% against the dollar and now trades at $9.75 or 0.00010024 BTC.
• Fetch.ai (FET) traded down 3.3% against the dollar and now trades at $1.23 or 0.00001264 BTC.
• Cosmos (ATOM) traded up 10.3% against the dollar and now trades at $7.02 or 0.00007219 BTC.
• Algorand (ALGO) traded 11.2% higher against the dollar and now trades at $0.23 or 0.00000238 BTC.

Cardano Coin 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 44,994,880,168 coins and its circulating supply is 35,052,930,436 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The official website for Cardano is www.cardano.org. 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.”

Buying and Selling Cardano

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

ADA/USD price chart by TradingView