Cardano Price Reaches $0.70 on Top Exchanges (ADA)

Cardano (ADA) traded down 9.5% against the U.S. dollar during the one day period ending at 11:00 AM ET on March 10th. In the last week, Cardano has traded 26.9% lower against the U.S. dollar. One Cardano coin can currently be purchased for approximately $0.70 or 0.00000870 BTC on exchanges. Cardano has a market cap of $24.51 billion and approximately $1.97 billion worth of Cardano was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded down 4.4% against the dollar and now trades at $2,023.46 or 0.02530611 BTC.
• Hedera (HBAR) traded down 5.1% against the dollar and now trades at $0.20 or 0.00000251 BTC.
• Avalanche (AVAX) traded 9.2% lower against the dollar and now trades at $17.63 or 0.00022043 BTC.
• Uniswap (UNI) traded 6.1% lower against the dollar and now trades at $6.39 or 0.00007996 BTC.
• NEAR Protocol (NEAR) traded 10.4% lower against the dollar and now trades at $2.44 or 0.00003054 BTC.
• Internet Computer (ICP) traded down 4.9% against the dollar and now trades at $5.42 or 0.00006784 BTC.
• Cronos (CRO) traded down 7.1% against the dollar and now trades at $0.0796 or 0.00000100 BTC.
• Algorand (ALGO) traded 7.8% lower against the dollar and now trades at $0.20 or 0.00000247 BTC.
• Cosmos (ATOM) traded down 3% against the dollar and now trades at $3.86 or 0.00004831 BTC.
• Fetch.ai (FET) traded 3.8% lower against the dollar and now trades at $0.52 or 0.00000649 BTC.

Cardano Profile

Cardano 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 44,994,911,756 coins and its circulating supply is 35,224,212,741 coins. 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. Cardano’s official website is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss.

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 trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView