Cardano Price Hits $0.47 (ADA)

Cardano (ADA) traded 6.7% higher against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on April 19th. In the last week, Cardano has traded 15.7% lower against the US dollar. Cardano has a market capitalization of $16.92 billion and $570.84 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be purchased for about $0.47 or 0.00000732 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded 2.5% higher against the dollar and now trades at $3,101.98 or 0.04779703 BTC.
• Avalanche (AVAX) traded up 4.4% against the dollar and now trades at $35.45 or 0.00054629 BTC.
• Internet Computer (ICP) traded 12.7% higher against the dollar and now trades at $13.58 or 0.00020931 BTC.
• NEAR Protocol (NEAR) traded up 0.5% against the dollar and now trades at $5.64 or 0.00008690 BTC.
• Uniswap (UNI) traded 8.4% higher against the dollar and now trades at $7.61 or 0.00011725 BTC.
• Cronos (CRO) traded 1.1% higher against the dollar and now trades at $0.12 or 0.00000190 BTC.
• Cosmos (ATOM) traded 2.7% higher against the dollar and now trades at $8.28 or 0.00012760 BTC.
• Hedera (HBAR) traded up 5.3% against the dollar and now trades at $0.0841 or 0.00000130 BTC.
• Fetch.ai (FET) traded up 9.3% against the dollar and now trades at $2.16 or 0.00003326 BTC.
• Algorand (ALGO) traded up 4.6% against the dollar and now trades at $0.18 or 0.00000273 BTC.

About Cardano

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 36,798,870,281 coins and its circulating supply is 35,624,671,813 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 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.

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

ADA/USD price chart by TradingView