Cardano Price Reaches $0.60 on Exchanges (ADA)

Cardano (ADA) traded 37.7% higher against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on November 10th. Cardano has a market capitalization of $20.95 billion and $3.91 billion worth of Cardano was traded on exchanges in the last day. In the last week, Cardano has traded 80.6% higher against the U.S. dollar. One Cardano coin can now be purchased for about $0.60 or 0.00000755 BTC on popular exchanges.

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

• Ethereum (ETH) traded up 4.7% against the dollar and now trades at $3,177.85 or 0.04008084 BTC.
• Avalanche (AVAX) traded up 11.3% against the dollar and now trades at $31.98 or 0.00040335 BTC.
• NEAR Protocol (NEAR) traded 11.4% higher against the dollar and now trades at $4.82 or 0.00006083 BTC.
• Uniswap (UNI) traded up 4.8% against the dollar and now trades at $9.36 or 0.00011800 BTC.
• Internet Computer (ICP) traded 10% higher against the dollar and now trades at $9.07 or 0.00011436 BTC.
• Fetch.ai (FET) traded 9.6% higher against the dollar and now trades at $1.52 or 0.00001921 BTC.
• Cronos (CRO) traded up 16.1% against the dollar and now trades at $0.12 or 0.00000152 BTC.
• Hedera (HBAR) traded 10.1% higher against the dollar and now trades at $0.0558 or 0.00000070 BTC.
• Cosmos (ATOM) traded 13.4% higher against the dollar and now trades at $5.31 or 0.00006693 BTC.
• Algorand (ALGO) traded 11.2% higher against the dollar and now trades at $0.15 or 0.00000183 BTC.

Cardano Profile

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 44,994,999,105 coins and its circulating supply is 35,002,992,146 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official message board for Cardano is medium.com/feed/cardanorss. 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.”

Buying and Selling Cardano

It is usually not presently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView