Cardano (ADA) Price Hits $0.48

Cardano (ADA) traded 2.3% higher against the U.S. dollar during the one day period ending at 11:00 AM E.T. on April 20th. Over the last week, Cardano has traded down 5% against the U.S. dollar. Cardano has a market capitalization of $17.22 billion and $510.09 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be purchased for approximately $0.48 or 0.00000753 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded 0.3% lower against the dollar and now trades at $3,077.52 or 0.04794054 BTC.
• Avalanche (AVAX) traded 1% higher against the dollar and now trades at $35.72 or 0.00055636 BTC.
• Internet Computer (ICP) traded up 9.5% against the dollar and now trades at $14.90 or 0.00023204 BTC.
• NEAR Protocol (NEAR) traded 4.3% higher against the dollar and now trades at $5.85 or 0.00009108 BTC.
• Uniswap (UNI) traded 0.4% lower against the dollar and now trades at $7.55 or 0.00011754 BTC.
• Cronos (CRO) traded 1.1% higher against the dollar and now trades at $0.13 or 0.00000195 BTC.
• Cosmos (ATOM) traded 1% higher against the dollar and now trades at $8.39 or 0.00013077 BTC.
• Hedera (HBAR) traded 1.5% lower against the dollar and now trades at $0.0825 or 0.00000128 BTC.
• Fetch.ai (FET) traded 4.4% higher against the dollar and now trades at $2.26 or 0.00003524 BTC.
• Algorand (ALGO) traded up 3% against the dollar and now trades at $0.18 or 0.00000286 BTC.

Cardano Profile

Cardano (CRYPTO:ADA) 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 36,812,929,523 coins and its circulating supply is 35,624,607,182 coins. The official website for Cardano is www.cardano.org. 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 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 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 Gemini, GDAX or Changelly. 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