Cardano (ADA) Price Reaches $0.37 on Major Exchanges

Cardano (ADA) traded 2.3% lower against the US dollar during the 1 day period ending at 20:00 PM ET on June 21st. Cardano has a market capitalization of $13.38 billion and approximately $274.24 million worth of Cardano was traded on exchanges in the last day. In the last seven days, Cardano has traded 9% lower against the US dollar. One Cardano coin can now be purchased for approximately $0.37 or 0.00000584 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

  • Ethereum (ETH) traded up 0.3% against the dollar and now trades at $3,512.39 or 0.05479110 BTC.
  • Avalanche (AVAX) traded down 0.2% against the dollar and now trades at $27.37 or 0.00042697 BTC.
  • Uniswap (UNI) traded 2.5% lower against the dollar and now trades at $9.74 or 0.00015187 BTC.
  • NEAR Protocol (NEAR) traded 4.3% higher against the dollar and now trades at $5.35 or 0.00008347 BTC.
  • Internet Computer (ICP) traded 2.1% higher against the dollar and now trades at $8.35 or 0.00013023 BTC.
  • Hedera (HBAR) traded down 2% against the dollar and now trades at $0.0784 or 0.00000122 BTC.
  • Cosmos (ATOM) traded 0.5% lower against the dollar and now trades at $6.77 or 0.00010563 BTC.
  • Cronos (CRO) traded down 0.6% against the dollar and now trades at $0.0929 or 0.00000145 BTC.
  • Fetch.ai (FET) traded 0.4% lower against the dollar and now trades at $1.58 or 0.00002467 BTC.
  • Algorand (ALGO) traded up 0.7% against the dollar and now trades at $0.14 or 0.00000216 BTC.

Cardano 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 36,980,576,545 coins and its circulating supply is 35,738,072,814 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. Cardano’s official website 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.”

Cardano Coin Trading

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

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