Cardano (ADA) Price Tops $0.38 on Major Exchanges

Cardano (ADA) traded down 8.8% against the dollar during the twenty-four hour period ending at 23:00 PM ET on June 17th. One Cardano coin can now be purchased for approximately $0.38 or 0.00000576 BTC on exchanges. In the last week, Cardano has traded down 13.6% against the dollar. Cardano has a market cap of $13.46 billion and $566.87 million worth of Cardano was traded on exchanges in the last 24 hours.

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

  • Ethereum (ETH) traded down 4.4% against the dollar and now trades at $3,429.15 or 0.05241120 BTC.
  • Avalanche (AVAX) traded 10.5% lower against the dollar and now trades at $26.38 or 0.00040322 BTC.
  • Uniswap (UNI) traded 10.7% lower against the dollar and now trades at $9.86 or 0.00015063 BTC.
  • NEAR Protocol (NEAR) traded down 13.6% against the dollar and now trades at $4.81 or 0.00007352 BTC.
  • Internet Computer (ICP) traded down 12.8% against the dollar and now trades at $8.14 or 0.00012449 BTC.
  • Hedera (HBAR) traded down 9.6% against the dollar and now trades at $0.0768 or 0.00000117 BTC.
  • Cosmos (ATOM) traded down 8.9% against the dollar and now trades at $6.50 or 0.00009932 BTC.
  • Cronos (CRO) traded 5.4% lower against the dollar and now trades at $0.0918 or 0.00000140 BTC.
  • Fetch.ai (FET) traded 14.4% lower against the dollar and now trades at $1.22 or 0.00001863 BTC.
  • Algorand (ALGO) traded down 11.5% against the dollar and now trades at $0.13 or 0.00000206 BTC.

Cardano Profile

Cardano (CRYPTO: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 36,966,827,854 coins and its circulating supply is 35,734,439,882 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. 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. The official website for Cardano is www.cardano.org.

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 presently 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

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