Cardano (ADA) Price Tops $0.42

Cardano (ADA) traded down 2% against the US dollar during the 1-day period ending at 10:00 AM ET on July 23rd. One Cardano coin can now be bought for approximately $0.42 or 0.00000628 BTC on exchanges. Cardano has a market cap of $15.17 billion and approximately $429.21 million worth of Cardano was traded on exchanges in the last 24 hours. During the last week, Cardano has traded down 4.2% against the US dollar.

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

• Ethereum (ETH) traded up 1.1% against the dollar and now trades at $3,492.96 or 0.05192112 BTC.
• Avalanche (AVAX) traded 2.6% lower against the dollar and now trades at $30.72 or 0.00045671 BTC.
• NEAR Protocol (NEAR) traded down 3.2% against the dollar and now trades at $5.94 or 0.00008835 BTC.
• Uniswap (UNI) traded up 0% against the dollar and now trades at $7.91 or 0.00011759 BTC.
• Internet Computer (ICP) traded down 3% against the dollar and now trades at $9.94 or 0.00014778 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.0702 or 0.00000104 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0928 or 0.00000138 BTC.
• Cosmos (ATOM) traded 0.3% lower against the dollar and now trades at $6.30 or 0.00009370 BTC.
• Fetch.ai (FET) traded down 3.7% against the dollar and now trades at $1.34 or 0.00001995 BTC.
• Algorand (ALGO) traded down 2.7% against the dollar and now trades at $0.15 or 0.00000220 BTC.

Cardano Coin Profile

Cardano (CRYPTO: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 37,062,184,769 coins and its circulating supply is 35,898,850,869 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 Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss.

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 U.S. dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView