Cardano Price Down 5.7% Over Last 7 Days (ADA)

Cardano (ADA) traded down 2.2% against the U.S. dollar during the 1 day period ending at 20:00 PM E.T. on July 29th. One Cardano coin can currently be purchased for about $0.40 or 0.00000607 BTC on popular cryptocurrency exchanges. In the last week, Cardano has traded down 5.7% against the U.S. dollar. Cardano has a total market cap of $14.48 billion and $331.94 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded up 0.9% against the dollar and now trades at $3,320.37 or 0.04994108 BTC.
• Avalanche (AVAX) traded 2.1% lower against the dollar and now trades at $27.06 or 0.00040704 BTC.
• NEAR Protocol (NEAR) traded down 4.1% against the dollar and now trades at $5.29 or 0.00007960 BTC.
• Uniswap (UNI) traded 0.8% higher against the dollar and now trades at $7.67 or 0.00011529 BTC.
• Internet Computer (ICP) traded down 5.7% against the dollar and now trades at $8.94 or 0.00013451 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.0672 or 0.00000101 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $6.13 or 0.00009213 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0899 or 0.00000135 BTC.
• Fetch.ai (FET) traded 3.1% lower against the dollar and now trades at $1.22 or 0.00001837 BTC.
• Algorand (ALGO) traded 0.2% lower against the dollar and now trades at $0.14 or 0.00000210 BTC.

About Cardano

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 37,089,410,846 coins and its circulating supply is 35,907,753,066 coins. The official website for Cardano 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. Cardano’s official message board 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 U.S. dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX 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