Cardano Price Tops $0.46 on Major Exchanges (ADA)

Cardano (ADA) traded down 3.3% against the dollar during the 1 day period ending at 23:00 PM Eastern on April 28th. Cardano has a total market cap of $16.33 billion and approximately $259.26 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be purchased for approximately $0.46 or 0.00000730 BTC on popular exchanges. Over the last seven days, Cardano has traded 7.8% lower against the dollar.

Here is how other cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 2.6% lower against the dollar and now trades at $3,228.66 or 0.05144862 BTC.
• Avalanche (AVAX) traded down 4.1% against the dollar and now trades at $33.71 or 0.00053712 BTC.
• NEAR Protocol (NEAR) traded 5.2% lower against the dollar and now trades at $6.93 or 0.00011044 BTC.
• Internet Computer (ICP) traded down 1.2% against the dollar and now trades at $13.50 or 0.00021508 BTC.
• Uniswap (UNI) traded down 4.4% against the dollar and now trades at $7.73 or 0.00012324 BTC.
• Hedera (HBAR) traded 6% lower against the dollar and now trades at $0.10 or 0.00000163 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Cosmos (ATOM) traded 4.4% lower against the dollar and now trades at $8.12 or 0.00012946 BTC.
• Fetch.ai (FET) traded 4.5% lower against the dollar and now trades at $2.16 or 0.00003443 BTC.
• Algorand (ALGO) traded down 4.8% against the dollar and now trades at $0.19 or 0.00000303 BTC.

About Cardano

Cardano (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 36,827,102,021 coins and its circulating supply is 35,643,178,858 coins. The official website for Cardano is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. 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.”

Cardano Coin Trading

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

ADA/USD price chart by TradingView