Cardano (ADA) Price Hits $0.48

Cardano (ADA) traded 2.3% higher against the U.S. dollar during the 1 day period ending at 11:00 AM Eastern on April 20th. Cardano has a total market capitalization of $17.22 billion and $510.09 million worth of Cardano was traded on exchanges in the last 24 hours. During the last week, Cardano has traded 5% lower against the U.S. dollar. One Cardano coin can now be bought for about $0.48 or 0.00000753 BTC on cryptocurrency exchanges.

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

• Ethereum (ETH) traded 0.3% lower against the dollar and now trades at $3,077.52 or 0.04794054 BTC.
• Avalanche (AVAX) traded up 1% against the dollar and now trades at $35.72 or 0.00055636 BTC.
• Internet Computer (ICP) traded up 9.5% against the dollar and now trades at $14.90 or 0.00023204 BTC.
• NEAR Protocol (NEAR) traded up 4.3% against the dollar and now trades at $5.85 or 0.00009108 BTC.
• Uniswap (UNI) traded down 0.4% against the dollar and now trades at $7.55 or 0.00011754 BTC.
• Cronos (CRO) traded up 1.1% against the dollar and now trades at $0.13 or 0.00000195 BTC.
• Cosmos (ATOM) traded up 1% against the dollar and now trades at $8.39 or 0.00013077 BTC.
• Hedera (HBAR) traded 1.5% lower against the dollar and now trades at $0.0825 or 0.00000128 BTC.
• Fetch.ai (FET) traded up 4.4% against the dollar and now trades at $2.26 or 0.00003524 BTC.
• Algorand (ALGO) traded up 3% against the dollar and now trades at $0.18 or 0.00000286 BTC.

About Cardano

Cardano (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 36,812,929,523 coins and its circulating supply is 35,624,607,182 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website 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 possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView