Cardano (ADA) Price Reaches $0.45 on Major Exchanges

Cardano (ADA) traded down 2.8% against the dollar during the 24-hour period ending at 21:00 PM E.T. on April 26th. Cardano has a total market capitalization of $16.14 billion and approximately $345.12 million worth of Cardano was traded on exchanges in the last 24 hours. In the last seven days, Cardano has traded down 4.6% against the dollar. One Cardano coin can now be purchased for $0.45 or 0.00000722 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded down 1.5% against the dollar and now trades at $3,096.38 or 0.04938708 BTC.
• Avalanche (AVAX) traded down 4.6% against the dollar and now trades at $33.49 or 0.00053416 BTC.
• NEAR Protocol (NEAR) traded 4.1% lower against the dollar and now trades at $6.90 or 0.00010999 BTC.
• Internet Computer (ICP) traded down 6.2% against the dollar and now trades at $12.84 or 0.00020479 BTC.
• Uniswap (UNI) traded 2.8% lower against the dollar and now trades at $7.56 or 0.00012053 BTC.
• Hedera (HBAR) traded down 7.7% against the dollar and now trades at $0.11 or 0.00000170 BTC.
• Cronos (CRO) traded down 4.9% against the dollar and now trades at $0.12 or 0.00000192 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $8.18 or 0.00013041 BTC.
• Fetch.ai (FET) traded down 6.8% against the dollar and now trades at $2.10 or 0.00003355 BTC.
• Algorand (ALGO) traded 0.6% higher against the dollar and now trades at $0.20 or 0.00000311 BTC.

Cardano Profile

Cardano (CRYPTO:ADA) 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 36,827,102,021 coins and its circulating supply is 35,634,274,946 coins. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed 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 buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView