Cardano Price Hits $0.41 on Exchanges (ADA)

Cardano (ADA) traded 3.8% lower against the U.S. dollar during the 24 hour period ending at 0:00 AM Eastern on July 23rd. Cardano has a total market capitalization of $14.74 billion and approximately $355.83 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for approximately $0.41 or 0.00000622 BTC on exchanges. During the last week, Cardano has traded down 7.2% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded down 0.7% against the dollar and now trades at $3,453.43 or 0.05227591 BTC.
• Avalanche (AVAX) traded 9.7% lower against the dollar and now trades at $29.09 or 0.00044042 BTC.
• NEAR Protocol (NEAR) traded 4.8% lower against the dollar and now trades at $5.73 or 0.00008677 BTC.
• Uniswap (UNI) traded 2.7% lower against the dollar and now trades at $7.69 or 0.00011639 BTC.
• Internet Computer (ICP) traded down 2.8% against the dollar and now trades at $9.79 or 0.00014813 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.0929 or 0.00000141 BTC.
• Hedera (HBAR) traded down 3.7% against the dollar and now trades at $0.0683 or 0.00000103 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $6.26 or 0.00009472 BTC.
• Fetch.ai (FET) traded down 5.6% against the dollar and now trades at $1.30 or 0.00001972 BTC.
• Algorand (ALGO) traded 5.1% lower against the dollar and now trades at $0.14 or 0.00000217 BTC.

Cardano Profile

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 37,075,829,454 coins and its circulating supply is 35,898,857,404 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. Cardano’s official website 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 possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView