Cardano Price Tops $0.46 on Major Exchanges (ADA)

Cardano (ADA) traded 1.8% lower against the dollar during the 24-hour period ending at 9:00 AM Eastern on April 27th. One Cardano coin can now be bought for about $0.46 or 0.00000727 BTC on exchanges. Cardano has a total market capitalization of $16.34 billion and approximately $326.64 million worth of Cardano was traded on exchanges in the last day. In the last seven days, Cardano has traded 4.5% lower against the dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 0.6% higher against the dollar and now trades at $3,136.66 or 0.04974161 BTC.
• Avalanche (AVAX) traded down 2% against the dollar and now trades at $34.18 or 0.00054208 BTC.
• NEAR Protocol (NEAR) traded 2.1% lower against the dollar and now trades at $6.98 or 0.00011064 BTC.
• Internet Computer (ICP) traded down 1.8% against the dollar and now trades at $13.02 or 0.00020647 BTC.
• Uniswap (UNI) traded up 1% against the dollar and now trades at $7.67 or 0.00012169 BTC.
• Hedera (HBAR) traded down 4.8% against the dollar and now trades at $0.11 or 0.00000168 BTC.
• Cronos (CRO) traded 2.7% lower against the dollar and now trades at $0.13 or 0.00000199 BTC.
• Cosmos (ATOM) traded 0.5% higher against the dollar and now trades at $8.21 or 0.00013022 BTC.
• Fetch.ai (FET) traded 3.2% lower against the dollar and now trades at $2.13 or 0.00003372 BTC.
• Algorand (ALGO) traded 0.3% higher against the dollar and now trades at $0.20 or 0.00000313 BTC.

About Cardano

Cardano 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 36,827,102,021 coins and its circulating supply is 35,636,193,216 coins. Cardano’s official website is www.cardano.org. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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.”

Cardano Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView