Cardano (ADA) Price Tops $0.74 on Exchanges

Cardano (ADA) traded 1.8% lower against the US dollar during the 24-hour period ending at 11:00 AM E.T. on March 26th. Cardano has a market capitalization of $26.21 billion and $940.09 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be purchased for about $0.74 or 0.00000859 BTC on major cryptocurrency exchanges. Over the last seven days, Cardano has traded 0.4% higher against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded down 2.7% against the dollar and now trades at $2,011.03 or 0.02323791 BTC.
• Avalanche (AVAX) traded down 1.7% against the dollar and now trades at $22.14 or 0.00025582 BTC.
• Hedera (HBAR) traded 2.9% lower against the dollar and now trades at $0.19 or 0.00000223 BTC.
• Uniswap (UNI) traded 2.4% lower against the dollar and now trades at $6.83 or 0.00007889 BTC.
• NEAR Protocol (NEAR) traded down 0% against the dollar and now trades at $3.00 or 0.00003465 BTC.
• Internet Computer (ICP) traded up 0.6% against the dollar and now trades at $6.13 or 0.00007086 BTC.
• Cronos (CRO) traded 0.7% higher against the dollar and now trades at $0.10 or 0.00000118 BTC.
• Cosmos (ATOM) traded up 0.9% against the dollar and now trades at $4.89 or 0.00005656 BTC.
• Algorand (ALGO) traded 0.3% lower against the dollar and now trades at $0.21 or 0.00000240 BTC.
• Fetch.ai (FET) traded down 0.7% against the dollar and now trades at $0.56 or 0.00000643 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 44,994,837,824 coins and its circulating supply is 35,242,104,181 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board is medium.com/feed/cardanorss. 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.

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 acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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