Cardano Price Reaches $0.40 on Exchanges (ADA)

Cardano (ADA) traded 5.1% higher against the US dollar during the twenty-four hour period ending at 18:00 PM E.T. on July 1st. In the last seven days, Cardano has traded up 7.6% against the US dollar. One Cardano coin can currently be bought for $0.40 or 0.00000641 BTC on popular cryptocurrency exchanges. Cardano has a market capitalization of $14.46 billion and approximately $262.59 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded 1.3% higher against the dollar and now trades at $3,455.09 or 0.05480041 BTC.
• Avalanche (AVAX) traded 3.4% higher against the dollar and now trades at $29.26 or 0.00046412 BTC.
• NEAR Protocol (NEAR) traded 1.7% higher against the dollar and now trades at $5.32 or 0.00008432 BTC.
• Uniswap (UNI) traded 1.5% higher against the dollar and now trades at $9.28 or 0.00014719 BTC.
• Internet Computer (ICP) traded up 2% against the dollar and now trades at $8.15 or 0.00012932 BTC.
• Hedera (HBAR) traded up 2.1% against the dollar and now trades at $0.0769 or 0.00000122 BTC.
• Cosmos (ATOM) traded 2.9% higher against the dollar and now trades at $6.81 or 0.00010798 BTC.
• Cronos (CRO) traded 0.8% higher against the dollar and now trades at $0.0916 or 0.00000145 BTC.
• Fetch.ai (FET) traded down 3.6% against the dollar and now trades at $1.34 or 0.00002125 BTC.
• Algorand (ALGO) traded 4.1% higher against the dollar and now trades at $0.15 or 0.00000234 BTC.

Cardano Profile

Cardano (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 37,007,766,298 coins and its circulating supply is 35,755,521,853 coins. 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. 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.”

Buying and Selling Cardano

It is usually not currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase 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 purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView