Cardano Price Reaches $0.34 on Exchanges (ADA)

Cardano (ADA) traded down 6% against the dollar during the 24-hour period ending at 7:00 AM E.T. on November 3rd. Over the last seven days, Cardano has traded up 0.9% against the dollar. One Cardano coin can currently be bought for $0.34 or 0.00000492 BTC on popular cryptocurrency exchanges. Cardano has a market cap of $11.78 billion and approximately $250.32 million worth of Cardano was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded down 1.9% against the dollar and now trades at $2,454.14 or 0.03591836 BTC.
• Avalanche (AVAX) traded down 5.8% against the dollar and now trades at $23.24 or 0.00034020 BTC.
• NEAR Protocol (NEAR) traded down 6.2% against the dollar and now trades at $3.68 or 0.00005384 BTC.
• Uniswap (UNI) traded down 3.8% against the dollar and now trades at $7.14 or 0.00010444 BTC.
• Internet Computer (ICP) traded down 8.5% against the dollar and now trades at $7.17 or 0.00010499 BTC.
• Fetch.ai (FET) traded 3.7% lower against the dollar and now trades at $1.16 or 0.00001694 BTC.
• Cronos (CRO) traded 2% lower against the dollar and now trades at $0.0717 or 0.00000105 BTC.
• Hedera (HBAR) traded down 5.9% against the dollar and now trades at $0.0429 or 0.00000063 BTC.
• Cosmos (ATOM) traded 3.8% lower against the dollar and now trades at $4.00 or 0.00005848 BTC.
• Algorand (ALGO) traded down 4.2% against the dollar and now trades at $0.11 or 0.00000162 BTC.

Cardano Coin Profile

Cardano 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 44,995,106,473 coins and its circulating supply is 34,995,041,872 coins. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. Cardano’s official website is www.cardano.org.

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 purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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