Cardano (ADA) Price Hits $0.36

Cardano (ADA) traded down 2.8% against the US dollar during the 24 hour period ending at 9:00 AM Eastern on August 4th. Over the last week, Cardano has traded 12.8% lower against the US dollar. Cardano has a market cap of $12.88 billion and approximately $284.43 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be purchased for about $0.36 or 0.00000589 BTC on cryptocurrency exchanges.

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

• Ethereum (ETH) traded down 2.8% against the dollar and now trades at $2,914.38 or 0.04785553 BTC.
• Avalanche (AVAX) traded 6.2% lower against the dollar and now trades at $22.53 or 0.00036991 BTC.
• NEAR Protocol (NEAR) traded 4.2% lower against the dollar and now trades at $4.41 or 0.00007238 BTC.
• Uniswap (UNI) traded down 3.1% against the dollar and now trades at $6.52 or 0.00010706 BTC.
• Internet Computer (ICP) traded down 4.9% against the dollar and now trades at $7.85 or 0.00012889 BTC.
• Cronos (CRO) traded down 3.9% against the dollar and now trades at $0.0813 or 0.00000133 BTC.
• Hedera (HBAR) traded 1.7% lower against the dollar and now trades at $0.0581 or 0.00000095 BTC.
• Cosmos (ATOM) traded 5.4% lower against the dollar and now trades at $5.05 or 0.00008300 BTC.
• Fetch.ai (FET) traded 7.2% lower against the dollar and now trades at $0.99 or 0.00001630 BTC.
• Algorand (ALGO) traded 3.9% lower against the dollar and now trades at $0.12 or 0.00000197 BTC.

Cardano Coin Profile

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 37,102,998,494 coins and its circulating supply is 35,916,665,986 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 message board is medium.com/feed/cardanorss. 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 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView