Cardano Price Hits $0.47 on Top Exchanges (ADA)

Cardano (ADA) traded up 1% against the US dollar during the 24 hour period ending at 16:00 PM ET on May 4th. Cardano has a market capitalization of $16.75 billion and $260.74 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be purchased for $0.47 or 0.00000734 BTC on popular cryptocurrency exchanges. During the last week, Cardano has traded up 1% against the US dollar.

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

• Ethereum (ETH) traded 1.8% higher against the dollar and now trades at $3,130.18 or 0.04893353 BTC.
• Avalanche (AVAX) traded 6% higher against the dollar and now trades at $37.30 or 0.00058311 BTC.
• NEAR Protocol (NEAR) traded 1.1% higher against the dollar and now trades at $6.90 or 0.00010784 BTC.
• Internet Computer (ICP) traded down 2.9% against the dollar and now trades at $13.35 or 0.00020869 BTC.
• Uniswap (UNI) traded 1.5% higher against the dollar and now trades at $7.56 or 0.00011811 BTC.
• Hedera (HBAR) traded down 3.2% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded 1.2% higher against the dollar and now trades at $0.13 or 0.00000210 BTC.
• Cosmos (ATOM) traded down 0.5% against the dollar and now trades at $8.75 or 0.00013685 BTC.
• Fetch.ai (FET) traded 2.6% higher against the dollar and now trades at $2.19 or 0.00003426 BTC.
• Algorand (ALGO) traded up 1.6% against the dollar and now trades at $0.20 or 0.00000306 BTC.

Cardano Coin Profile

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 36,841,202,420 coins and its circulating supply is 35,652,403,530 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official website for Cardano 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.”

Cardano Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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