Cardano Price Reaches $0.35 on Top Exchanges (ADA)

Cardano (ADA) traded down 11.7% against the dollar during the one day period ending at 7:00 AM Eastern on July 5th. One Cardano coin can currently be purchased for $0.35 or 0.00000625 BTC on major exchanges. Cardano has a market capitalization of $12.34 billion and approximately $758.20 million worth of Cardano was traded on exchanges in the last day. In the last week, Cardano has traded 11.7% lower against the dollar.

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

• Ethereum (ETH) traded down 6.9% against the dollar and now trades at $2,938.77 or 0.05319349 BTC.
• Avalanche (AVAX) traded down 6.6% against the dollar and now trades at $24.13 or 0.00043678 BTC.
• NEAR Protocol (NEAR) traded 11.8% lower against the dollar and now trades at $4.31 or 0.00007801 BTC.
• Uniswap (UNI) traded down 8.5% against the dollar and now trades at $7.37 or 0.00013343 BTC.
• Internet Computer (ICP) traded 7.2% lower against the dollar and now trades at $6.42 or 0.00011612 BTC.
• Hedera (HBAR) traded down 8.1% against the dollar and now trades at $0.0640 or 0.00000116 BTC.
• Cronos (CRO) traded down 5.7% against the dollar and now trades at $0.0813 or 0.00000147 BTC.
• Cosmos (ATOM) traded 11% lower against the dollar and now trades at $5.50 or 0.00009958 BTC.
• Fetch.ai (FET) traded 3.4% lower against the dollar and now trades at $1.17 or 0.00002121 BTC.
• Algorand (ALGO) traded 10.1% lower against the dollar and now trades at $0.12 or 0.00000223 BTC.

Cardano Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 37,021,269,744 coins and its circulating supply is 35,760,949,698 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.”

Buying and Selling Cardano

It is usually not currently 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 Gemini, Changelly or Coinbase. 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