Cardano (ADA) Price Down 13% This Week

Cardano (ADA) traded up 0% against the US dollar during the twenty-four hour period ending at 16:00 PM Eastern on August 31st. During the last seven days, Cardano has traded down 13% against the US dollar. Cardano has a total market capitalization of $12.46 billion and approximately $126.71 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be bought for approximately $0.35 or 0.00000589 BTC on popular exchanges.

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

• Ethereum (ETH) traded down 0.3% against the dollar and now trades at $2,500.53 or 0.04247425 BTC.
• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $22.67 or 0.00038515 BTC.
• NEAR Protocol (NEAR) traded 1% lower against the dollar and now trades at $4.03 or 0.00006838 BTC.
• Uniswap (UNI) traded up 1.5% against the dollar and now trades at $5.92 or 0.00010059 BTC.
• Internet Computer (ICP) traded down 0.4% against the dollar and now trades at $7.50 or 0.00012739 BTC.
• Cronos (CRO) traded down 1.2% against the dollar and now trades at $0.0801 or 0.00000136 BTC.
• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.0498 or 0.00000085 BTC.
• Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $4.52 or 0.00007682 BTC.
• Fetch.ai (FET) traded down 1.3% against the dollar and now trades at $1.13 or 0.00001918 BTC.
• Algorand (ALGO) traded 2.2% lower against the dollar and now trades at $0.12 or 0.00000210 BTC.

Cardano Coin 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 37,170,426,658 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 website for Cardano is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. 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 presently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView