Cardano (ADA) Price Hits $0.40 on Major Exchanges

Cardano (ADA) traded down 1.9% against the US dollar during the 1 day period ending at 16:00 PM Eastern on July 30th. During the last week, Cardano has traded down 2.3% against the US dollar. Cardano has a total market cap of $14.37 billion and $285.37 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be bought for about $0.40 or 0.00000606 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded 1.8% lower against the dollar and now trades at $3,262.19 or 0.04943131 BTC.
• Avalanche (AVAX) traded 3.8% lower against the dollar and now trades at $26.39 or 0.00039987 BTC.
• NEAR Protocol (NEAR) traded 3.8% lower against the dollar and now trades at $5.13 or 0.00007774 BTC.
• Uniswap (UNI) traded down 4.5% against the dollar and now trades at $7.38 or 0.00011190 BTC.
• Internet Computer (ICP) traded down 2.1% against the dollar and now trades at $8.87 or 0.00013437 BTC.
• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.0889 or 0.00000135 BTC.
• Cosmos (ATOM) traded down 3.1% against the dollar and now trades at $6.01 or 0.00009108 BTC.
• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.0654 or 0.00000099 BTC.
• Fetch.ai (FET) traded 5.1% lower against the dollar and now trades at $1.18 or 0.00001786 BTC.
• Algorand (ALGO) traded 2% lower against the dollar and now trades at $0.14 or 0.00000208 BTC.

Cardano Coin Profile

Cardano 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 37,089,410,846 coins and its circulating supply is 35,907,741,962 coins. The official message board for Cardano is medium.com/feed/cardanorss. 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. 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 possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade 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 exchanges listed above.

ADA/USD price chart by TradingView