Cardano (ADA) Price Reaches $0.69 on Major Exchanges

Cardano (ADA) traded down 4.3% against the U.S. dollar during the 24-hour period ending at 10:00 AM E.T. on March 18th. One Cardano coin can now be bought for approximately $0.69 or 0.00000846 BTC on exchanges. During the last week, Cardano has traded 4.2% lower against the U.S. dollar. Cardano has a market capitalization of $24.21 billion and $680.64 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 0.5% lower against the dollar and now trades at $1,883.67 or 0.02318039 BTC.
• Hedera (HBAR) traded 3.7% lower against the dollar and now trades at $0.18 or 0.00000225 BTC.
• Avalanche (AVAX) traded 0.6% higher against the dollar and now trades at $18.43 or 0.00022685 BTC.
• Uniswap (UNI) traded 0.1% higher against the dollar and now trades at $6.14 or 0.00007554 BTC.
• NEAR Protocol (NEAR) traded 0.1% lower against the dollar and now trades at $2.53 or 0.00003118 BTC.
• Internet Computer (ICP) traded 0.9% lower against the dollar and now trades at $5.66 or 0.00006966 BTC.
• Cronos (CRO) traded down 8.6% against the dollar and now trades at $0.0796 or 0.00000098 BTC.
• Cosmos (ATOM) traded up 2.3% against the dollar and now trades at $4.72 or 0.00005803 BTC.
• Algorand (ALGO) traded down 4.1% against the dollar and now trades at $0.18 or 0.00000223 BTC.
• Fetch.ai (FET) traded down 2.2% against the dollar and now trades at $0.50 or 0.00000617 BTC.

Cardano Profile

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 44,994,936,167 coins and its circulating supply is 35,234,797,228 coins. Cardano’s official website is www.cardano.org. 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 message board for Cardano is medium.com/feed/cardanorss.

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 possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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