Cardano Trading 6.4% Lower Over Last Week (ADA)

Cardano (ADA) traded 1.1% lower against the US dollar during the one day period ending at 19:00 PM Eastern on June 24th. During the last week, Cardano has traded down 6.4% against the US dollar. One Cardano coin can currently be purchased for approximately $0.38 or 0.00000626 BTC on cryptocurrency exchanges. Cardano has a total market cap of $13.47 billion and $383.78 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded down 2.4% against the dollar and now trades at $3,341.50 or 0.05550890 BTC.
• Avalanche (AVAX) traded 0.9% lower against the dollar and now trades at $24.86 or 0.00041301 BTC.
• NEAR Protocol (NEAR) traded up 3.7% against the dollar and now trades at $5.37 or 0.00008917 BTC.
• Uniswap (UNI) traded 5.6% lower against the dollar and now trades at $9.26 or 0.00015380 BTC.
• Internet Computer (ICP) traded 1.4% higher against the dollar and now trades at $7.99 or 0.00013267 BTC.
• Hedera (HBAR) traded 1.4% higher against the dollar and now trades at $0.0772 or 0.00000128 BTC.
• Cosmos (ATOM) traded up 1.9% against the dollar and now trades at $6.81 or 0.00011317 BTC.
• Cronos (CRO) traded 4.2% lower against the dollar and now trades at $0.0877 or 0.00000146 BTC.
• Fetch.ai (FET) traded up 17.2% against the dollar and now trades at $1.64 or 0.00002730 BTC.
• Algorand (ALGO) traded up 1.9% against the dollar and now trades at $0.13 or 0.00000224 BTC.

About Cardano

Cardano (CRYPTO: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 36,994,116,265 coins and its circulating supply is 35,743,177,119 coins. The official message board for Cardano is medium.com/feed/cardanorss. 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 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 presently 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView