Cardano (ADA) Price Down 0.3% Over Last Week

Cardano (ADA) traded 0.4% higher against the US dollar during the one day period ending at 21:00 PM Eastern on May 5th. One Cardano coin can now be purchased for $0.46 or 0.00000714 BTC on popular cryptocurrency exchanges. Cardano has a total market capitalization of $16.41 billion and approximately $230.38 million worth of Cardano was traded on exchanges in the last 24 hours. During the last week, Cardano has traded down 0.3% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 2.1% higher against the dollar and now trades at $3,163.78 or 0.04911325 BTC.
• Avalanche (AVAX) traded 1.3% higher against the dollar and now trades at $37.63 or 0.00058415 BTC.
• NEAR Protocol (NEAR) traded up 9.1% against the dollar and now trades at $7.44 or 0.00011547 BTC.
• Internet Computer (ICP) traded 1.5% higher against the dollar and now trades at $13.26 or 0.00020584 BTC.
• Uniswap (UNI) traded up 2% against the dollar and now trades at $7.66 or 0.00011884 BTC.
• Hedera (HBAR) traded up 7.8% against the dollar and now trades at $0.12 or 0.00000180 BTC.
• Cosmos (ATOM) traded 8.2% higher against the dollar and now trades at $9.42 or 0.00014619 BTC.
• Cronos (CRO) traded up 1.8% against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded 13.6% higher against the dollar and now trades at $2.43 or 0.00003775 BTC.
• Algorand (ALGO) traded up 2.1% against the dollar and now trades at $0.20 or 0.00000307 BTC.

Cardano Profile

Cardano (ADA) 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 36,855,324,087 coins and its circulating supply is 35,652,357,611 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 website is www.cardano.org. The official message board for Cardano 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.”

Buying and Selling Cardano

It is usually not currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView