Cardano Price Down 1.9% Over Last Week (ADA)

Cardano (ADA) traded 1.1% higher against the U.S. dollar during the 24 hour period ending at 23:00 PM ET on September 17th. Over the last seven days, Cardano has traded 1.9% lower against the U.S. dollar. One Cardano coin can currently be bought for about $0.34 or 0.00000556 BTC on exchanges. Cardano has a market cap of $12.06 billion and $211.80 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded up 2.1% against the dollar and now trades at $2,332.00 or 0.03869962 BTC.
• Avalanche (AVAX) traded 1.3% higher against the dollar and now trades at $23.75 or 0.00039406 BTC.
• NEAR Protocol (NEAR) traded up 5.2% against the dollar and now trades at $4.09 or 0.00006787 BTC.
• Uniswap (UNI) traded 4.1% higher against the dollar and now trades at $6.68 or 0.00011090 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $7.85 or 0.00013021 BTC.
• Cronos (CRO) traded up 0.4% against the dollar and now trades at $0.0798 or 0.00000132 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0496 or 0.00000082 BTC.
• Cosmos (ATOM) traded 5.6% higher against the dollar and now trades at $4.20 or 0.00006971 BTC.
• Fetch.ai (FET) traded 7.3% higher against the dollar and now trades at $1.35 or 0.00002246 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.12 or 0.00000206 BTC.

About Cardano

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 37,170,426,658 coins and its circulating supply is 35,960,643,044 coins. Cardano’s official message board is medium.com/feed/cardanorss. 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 website for Cardano is www.cardano.org.

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 currently possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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