Cardano Price Tops $0.46 on Major Exchanges (ADA)

Cardano (ADA) traded 3.3% lower against the U.S. dollar during the 1 day period ending at 23:00 PM ET on April 28th. Cardano has a market capitalization of $16.33 billion and $259.26 million worth of Cardano was traded on exchanges in the last day. During the last seven days, Cardano has traded down 7.8% against the U.S. dollar. One Cardano coin can now be bought for $0.46 or 0.00000730 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded 2.6% lower against the dollar and now trades at $3,228.66 or 0.05144862 BTC.
• Avalanche (AVAX) traded 4.1% lower against the dollar and now trades at $33.71 or 0.00053712 BTC.
• NEAR Protocol (NEAR) traded 5.2% lower against the dollar and now trades at $6.93 or 0.00011044 BTC.
• Internet Computer (ICP) traded down 1.2% against the dollar and now trades at $13.50 or 0.00021508 BTC.
• Uniswap (UNI) traded down 4.4% against the dollar and now trades at $7.73 or 0.00012324 BTC.
• Hedera (HBAR) traded 6% lower against the dollar and now trades at $0.10 or 0.00000163 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Cosmos (ATOM) traded 4.4% lower against the dollar and now trades at $8.12 or 0.00012946 BTC.
• Fetch.ai (FET) traded 4.5% lower against the dollar and now trades at $2.16 or 0.00003443 BTC.
• Algorand (ALGO) traded 4.8% lower against the dollar and now trades at $0.19 or 0.00000303 BTC.

Cardano Profile

Cardano 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 36,827,102,021 coins and its circulating supply is 35,643,178,858 coins. Cardano’s official message board 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 website is www.cardano.org. 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 currently 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 Coinbase, GDAX 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