Cardano Price Hits $0.41 on Exchanges (ADA)

Cardano (ADA) traded down 3.8% against the U.S. dollar during the 1-day period ending at 0:00 AM ET on July 23rd. Over the last week, Cardano has traded 7.2% lower against the U.S. dollar. Cardano has a market cap of $14.74 billion and $355.83 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be purchased for $0.41 or 0.00000622 BTC on major exchanges.

Here’s how other cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 0.7% lower against the dollar and now trades at $3,453.43 or 0.05227591 BTC.
• Avalanche (AVAX) traded down 9.7% 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 down 2.7% 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 down 0.7% 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 (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 37,075,829,454 coins and its circulating supply is 35,898,857,404 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. The official website for Cardano is www.cardano.org. The official message board for Cardano is medium.com/feed/cardanorss.

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 presently 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView