Cardano (ADA) Price Hits $0.93 on Top Exchanges

Cardano (ADA) traded up 7.2% against the dollar during the 24 hour period ending at 10:00 AM ET on December 24th. Cardano has a total market capitalization of $32.77 billion and approximately $1.12 billion worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be bought for approximately $0.93 or 0.00000958 BTC on exchanges. In the last week, Cardano has traded 14.3% lower against the dollar.

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

• Ethereum (ETH) traded 4.4% higher against the dollar and now trades at $3,451.83 or 0.03543284 BTC.
• Avalanche (AVAX) traded up 12.3% against the dollar and now trades at $40.31 or 0.00041375 BTC.
• Hedera (HBAR) traded up 23.5% against the dollar and now trades at $0.33 or 0.00000335 BTC.
• Uniswap (UNI) traded up 8.6% against the dollar and now trades at $14.50 or 0.00014885 BTC.
• NEAR Protocol (NEAR) traded 11% higher against the dollar and now trades at $5.59 or 0.00005741 BTC.
• Internet Computer (ICP) traded 11.6% higher against the dollar and now trades at $11.14 or 0.00011439 BTC.
• Cronos (CRO) traded up 8.6% against the dollar and now trades at $0.16 or 0.00000169 BTC.
• Fetch.ai (FET) traded 10.6% higher against the dollar and now trades at $1.40 or 0.00001432 BTC.
• Algorand (ALGO) traded up 16.8% against the dollar and now trades at $0.41 or 0.00000418 BTC.
• Cosmos (ATOM) traded up 10.1% against the dollar and now trades at $7.07 or 0.00007256 BTC.

Cardano Coin Profile

Cardano (CRYPTO: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 44,995,107,819 coins and its circulating supply is 35,126,169,612 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 message board is medium.com/feed/cardanorss. 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 currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase 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 purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView