Cardano (ADA) Price Tops $0.35 on Major Exchanges

Cardano (ADA) traded 0.5% lower against the dollar during the 1 day period ending at 16:00 PM E.T. on September 20th. During the last week, Cardano has traded down 2.5% against the dollar. One Cardano coin can currently be purchased for about $0.35 or 0.00000559 BTC on popular exchanges. Cardano has a market capitalization of $12.66 billion and approximately $257.84 million worth of Cardano was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded up 3.2% against the dollar and now trades at $2,543.89 or 0.04039991 BTC.
• Avalanche (AVAX) traded up 2.7% against the dollar and now trades at $27.17 or 0.00043151 BTC.
• NEAR Protocol (NEAR) traded 2.1% lower against the dollar and now trades at $4.37 or 0.00006938 BTC.
• Uniswap (UNI) traded down 0.8% against the dollar and now trades at $6.74 or 0.00010711 BTC.
• Internet Computer (ICP) traded up 2.9% against the dollar and now trades at $8.36 or 0.00013271 BTC.
• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.0829 or 0.00000132 BTC.
• Hedera (HBAR) traded down 0.6% against the dollar and now trades at $0.0518 or 0.00000082 BTC.
• Cosmos (ATOM) traded down 0.8% against the dollar and now trades at $4.51 or 0.00007160 BTC.
• Fetch.ai (FET) traded up 6.2% against the dollar and now trades at $1.60 or 0.00002542 BTC.
• Algorand (ALGO) traded down 0.6% against the dollar and now trades at $0.13 or 0.00000209 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 37,170,426,658 coins and its circulating supply is 35,960,643,044 coins. 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. 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 presently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView