Cardano Price Hits $0.92 (ADA)

Cardano (ADA) traded down 4.6% against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on January 9th. One Cardano coin can currently be bought for approximately $0.92 or 0.00000983 BTC on popular exchanges. In the last seven days, Cardano has traded down 3.3% against the dollar. Cardano has a total market cap of $32.39 billion and approximately $1.82 billion worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 1.1% lower against the dollar and now trades at $3,300.20 or 0.03519821 BTC.
• Avalanche (AVAX) traded 2.6% lower against the dollar and now trades at $37.01 or 0.00039476 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.27 or 0.00000292 BTC.
• Uniswap (UNI) traded down 3.4% against the dollar and now trades at $12.80 or 0.00013650 BTC.
• NEAR Protocol (NEAR) traded down 1.2% against the dollar and now trades at $5.06 or 0.00005399 BTC.
• Internet Computer (ICP) traded down 5.3% against the dollar and now trades at $10.43 or 0.00011119 BTC.
• Cronos (CRO) traded 2.8% lower against the dollar and now trades at $0.14 or 0.00000149 BTC.
• Fetch.ai (FET) traded 0.6% lower against the dollar and now trades at $1.32 or 0.00001406 BTC.
• Algorand (ALGO) traded down 3.3% against the dollar and now trades at $0.35 or 0.00000375 BTC.
• Cosmos (ATOM) traded 1% lower against the dollar and now trades at $6.49 or 0.00006924 BTC.

Cardano Profile

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 44,995,119,469 coins and its circulating supply is 35,151,153,813 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. Cardano’s official message board is medium.com/feed/cardanorss. The official website for Cardano 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.”

Cardano Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView