Cardano Price Hits $0.65 on Top Exchanges (ADA)

Cardano (ADA) traded 0.8% higher against the US dollar during the one day period ending at 21:00 PM Eastern on March 28th. In the last seven days, Cardano has traded up 3.5% against the US dollar. Cardano has a market cap of $23.14 billion and $443.37 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be bought for about $0.65 or 0.00000918 BTC on major exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 2.3% higher against the dollar and now trades at $3,578.67 or 0.05050074 BTC.
• Avalanche (AVAX) traded up 1.5% against the dollar and now trades at $54.47 or 0.00076861 BTC.
• Internet Computer (ICP) traded down 2.2% against the dollar and now trades at $18.09 or 0.00025526 BTC.
• Uniswap (UNI) traded 5.1% higher against the dollar and now trades at $12.83 or 0.00018110 BTC.
• NEAR Protocol (NEAR) traded down 2.1% against the dollar and now trades at $7.13 or 0.00010067 BTC.
• Cosmos (ATOM) traded 2.3% lower against the dollar and now trades at $12.25 or 0.00017280 BTC.
• Cronos (CRO) traded 4% higher against the dollar and now trades at $0.15 or 0.00000218 BTC.
• Hedera (HBAR) traded 3.1% higher against the dollar and now trades at $0.12 or 0.00000164 BTC.
• Fetch.ai (FET) traded up 7.2% against the dollar and now trades at $3.26 or 0.00004604 BTC.
• Algorand (ALGO) traded 1.4% higher against the dollar and now trades at $0.27 or 0.00000385 BTC.

Cardano Profile

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 36,742,818,379 coins and its circulating supply is 35,582,726,607 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official website for Cardano is www.cardano.org. 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.

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 currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView