Cardano Price Down 19.1% Over Last 7 Days (ADA)

Cardano (ADA) traded 8.2% lower against the dollar during the 24 hour period ending at 21:00 PM ET on August 4th. Over the last week, Cardano has traded down 19.1% against the dollar. One Cardano coin can now be bought for about $0.33 or 0.00000596 BTC on major cryptocurrency exchanges. Cardano has a total market capitalization of $12.00 billion and $346.37 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded down 12.4% against the dollar and now trades at $2,554.10 or 0.04553143 BTC.
• Avalanche (AVAX) traded down 9.6% against the dollar and now trades at $20.53 or 0.00036599 BTC.
• NEAR Protocol (NEAR) traded down 9.4% against the dollar and now trades at $3.98 or 0.00007097 BTC.
• Uniswap (UNI) traded down 11.2% against the dollar and now trades at $5.91 or 0.00010536 BTC.
• Internet Computer (ICP) traded down 8.8% against the dollar and now trades at $7.14 or 0.00012737 BTC.
• Cronos (CRO) traded down 7.1% against the dollar and now trades at $0.0764 or 0.00000136 BTC.
• Hedera (HBAR) traded 7.6% lower against the dollar and now trades at $0.0540 or 0.00000096 BTC.
• Cosmos (ATOM) traded down 4.3% against the dollar and now trades at $4.93 or 0.00008796 BTC.
• Fetch.ai (FET) traded down 10.4% against the dollar and now trades at $0.90 or 0.00001603 BTC.
• Algorand (ALGO) traded 8% lower against the dollar and now trades at $0.11 or 0.00000199 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 37,102,998,494 coins and its circulating supply is 35,916,997,866 coins. Cardano’s official website is www.cardano.org. 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. 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 currently 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 Changelly, GDAX or Gemini. 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