Cardano (ADA) Price Reaches $0.70 on Top Exchanges

Cardano (ADA) traded 0.7% higher against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on February 10th. One Cardano coin can now be bought for approximately $0.70 or 0.00000723 BTC on major cryptocurrency exchanges. Cardano has a total market capitalization of $24.79 billion and approximately $47.76 million worth of Cardano was traded on exchanges in the last 24 hours. In the last seven days, Cardano has traded 2.1% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded up 0.2% against the dollar and now trades at $2,657.08 or 0.02726174 BTC.
• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $25.53 or 0.00026199 BTC.
• Hedera (HBAR) traded up 2% against the dollar and now trades at $0.24 or 0.00000243 BTC.
• Uniswap (UNI) traded 1% higher against the dollar and now trades at $9.25 or 0.00009487 BTC.
• NEAR Protocol (NEAR) traded 0.5% lower against the dollar and now trades at $3.23 or 0.00003316 BTC.
• Internet Computer (ICP) traded up 1.8% against the dollar and now trades at $7.10 or 0.00007285 BTC.
• Cronos (CRO) traded down 0.3% against the dollar and now trades at $0.0934 or 0.00000096 BTC.
• Algorand (ALGO) traded up 4.6% against the dollar and now trades at $0.29 or 0.00000297 BTC.
• Fetch.ai (FET) traded 1.1% higher against the dollar and now trades at $0.78 or 0.00000805 BTC.
• Cosmos (ATOM) traded up 3.2% against the dollar and now trades at $4.77 or 0.00004899 BTC.

About Cardano

Cardano (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 44,995,082,707 coins and its circulating supply is 35,197,202,832 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. 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 possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView