Cardano Price Tops $0.40 on Major Exchanges (ADA)

Cardano (ADA) traded 4.8% higher against the dollar during the 24-hour period ending at 22:00 PM Eastern on June 30th. Cardano has a market cap of $14.25 billion and $204.23 million worth of Cardano was traded on exchanges in the last day. Over the last week, Cardano has traded 4.9% higher against the dollar. One Cardano coin can currently be bought for $0.40 or 0.00000629 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded up 3.8% against the dollar and now trades at $3,491.86 or 0.05511908 BTC.
• Avalanche (AVAX) traded up 7.4% against the dollar and now trades at $29.58 or 0.00046694 BTC.
• NEAR Protocol (NEAR) traded up 9.1% against the dollar and now trades at $5.36 or 0.00008456 BTC.
• Uniswap (UNI) traded 7% higher against the dollar and now trades at $9.43 or 0.00014878 BTC.
• Internet Computer (ICP) traded up 5.8% against the dollar and now trades at $8.27 or 0.00013052 BTC.
• Hedera (HBAR) traded up 2.4% against the dollar and now trades at $0.0775 or 0.00000122 BTC.
• Cosmos (ATOM) traded 3.2% higher against the dollar and now trades at $6.78 or 0.00010695 BTC.
• Cronos (CRO) traded up 3.2% against the dollar and now trades at $0.0924 or 0.00000146 BTC.
• Fetch.ai (FET) traded up 7.2% against the dollar and now trades at $1.43 or 0.00002259 BTC.
• Algorand (ALGO) traded up 6.4% against the dollar and now trades at $0.15 or 0.00000232 BTC.

Cardano Profile

Cardano (CRYPTO: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 37,007,766,298 coins and its circulating supply is 35,752,588,563 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 message board is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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