Cardano Price Hits $0.41 on Top Exchanges (ADA)

Cardano (ADA) traded up 1.8% against the dollar during the 24 hour period ending at 12:00 PM ET on July 2nd. Cardano has a total market capitalization of $14.74 billion and $268.41 million worth of Cardano was traded on exchanges in the last 24 hours. Over the last seven days, Cardano has traded 4.6% higher against the dollar. One Cardano coin can now be bought for about $0.41 or 0.00000666 BTC on popular exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded down 1.4% against the dollar and now trades at $3,412.75 or 0.05516248 BTC.
• Avalanche (AVAX) traded 4.7% lower against the dollar and now trades at $28.26 or 0.00045677 BTC.
• NEAR Protocol (NEAR) traded 3.2% higher against the dollar and now trades at $5.48 or 0.00008852 BTC.
• Uniswap (UNI) traded down 4.2% against the dollar and now trades at $8.87 or 0.00014344 BTC.
• Internet Computer (ICP) traded down 3.3% against the dollar and now trades at $7.90 or 0.00012766 BTC.
• Hedera (HBAR) traded up 1.4% against the dollar and now trades at $0.0773 or 0.00000125 BTC.
• Cosmos (ATOM) traded 1.8% higher against the dollar and now trades at $6.89 or 0.00011129 BTC.
• Cronos (CRO) traded down 2.3% against the dollar and now trades at $0.0902 or 0.00000146 BTC.
• Fetch.ai (FET) traded 2.7% lower against the dollar and now trades at $1.35 or 0.00002174 BTC.
• Algorand (ALGO) traded 1% higher against the dollar and now trades at $0.15 or 0.00000238 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 37,007,766,298 coins and its circulating supply is 35,758,195,285 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. Cardano’s official message board 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.”

Cardano Coin Trading

It is usually not 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 Gemini, Coinbase or GDAX. 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