Cardano (ADA) Price Reaches $0.32 on Major Exchanges

Cardano (ADA) traded 0.2% lower against the U.S. dollar during the 1 day period ending at 9:00 AM ET on September 7th. Cardano has a total market cap of $11.68 billion and approximately $298.83 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be purchased for approximately $0.32 or 0.00000595 BTC on popular cryptocurrency exchanges. In the last week, Cardano has traded 6.8% lower against the U.S. dollar.

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

• Ethereum (ETH) traded down 4.2% against the dollar and now trades at $2,290.95 or 0.04196666 BTC.
• Avalanche (AVAX) traded down 0.8% against the dollar and now trades at $21.66 or 0.00039682 BTC.
• NEAR Protocol (NEAR) traded 3.4% lower against the dollar and now trades at $3.65 or 0.00006684 BTC.
• Uniswap (UNI) traded up 3% against the dollar and now trades at $6.48 or 0.00011874 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $7.10 or 0.00013008 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.0767 or 0.00000140 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.0482 or 0.00000088 BTC.
• Cosmos (ATOM) traded 5.2% lower against the dollar and now trades at $3.76 or 0.00006882 BTC.
• Fetch.ai (FET) traded down 2.4% against the dollar and now trades at $1.08 or 0.00001972 BTC.
• Algorand (ALGO) traded 0.5% higher against the dollar and now trades at $0.12 or 0.00000223 BTC.

About Cardano

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 37,170,426,658 coins and its circulating supply is 35,960,643,044 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official message board for Cardano is medium.com/feed/cardanorss. The official website for Cardano is www.cardano.org. 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.”

Buying and Selling Cardano

It is usually not presently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly 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