Cardano Price Tops $0.98 (ADA)

Cardano (ADA) traded down 2.5% against the dollar during the 1 day period ending at 10:00 AM ET on January 25th. During the last seven days, Cardano has traded down 9.1% against the dollar. One Cardano coin can now be purchased for $0.98 or 0.00000936 BTC on cryptocurrency exchanges. Cardano has a market capitalization of $34.39 billion and approximately $628.81 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 3% lower against the dollar and now trades at $3,306.58 or 0.03164607 BTC.
• Avalanche (AVAX) traded 3.3% lower against the dollar and now trades at $35.27 or 0.00033758 BTC.
• Hedera (HBAR) traded down 4.2% against the dollar and now trades at $0.33 or 0.00000315 BTC.
• Uniswap (UNI) traded down 6.6% against the dollar and now trades at $12.15 or 0.00011632 BTC.
• NEAR Protocol (NEAR) traded down 3.9% against the dollar and now trades at $4.90 or 0.00004693 BTC.
• Internet Computer (ICP) traded 2.7% lower against the dollar and now trades at $9.05 or 0.00008659 BTC.
• Cronos (CRO) traded down 3.4% against the dollar and now trades at $0.14 or 0.00000132 BTC.
• Algorand (ALGO) traded 5.9% lower against the dollar and now trades at $0.40 or 0.00000378 BTC.
• Fetch.ai (FET) traded 4.6% lower against the dollar and now trades at $1.20 or 0.00001147 BTC.
• Cosmos (ATOM) traded down 3.7% against the dollar and now trades at $6.16 or 0.00005899 BTC.

Cardano Coin Profile

ADA 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 44,995,094,873 coins and its circulating supply is 35,180,226,133 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 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 Coinbase, Gemini or Changelly. 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