Cardano Price Hits $0.93 on Exchanges (ADA)

Cardano (ADA) traded up 7.2% against the US dollar during the 1-day period ending at 10:00 AM ET on December 24th. One Cardano coin can currently be bought for $0.93 or 0.00000958 BTC on major exchanges. In the last week, Cardano has traded down 14.3% against the US dollar. Cardano has a market capitalization of $32.77 billion and approximately $1.12 billion worth of Cardano was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded up 4.4% against the dollar and now trades at $3,451.83 or 0.03543284 BTC.
• Avalanche (AVAX) traded 12.3% higher against the dollar and now trades at $40.31 or 0.00041375 BTC.
• Hedera (HBAR) traded 23.5% higher 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 8.6% higher against the dollar and now trades at $0.16 or 0.00000169 BTC.
• Fetch.ai (FET) traded up 10.6% 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.

About Cardano

Cardano 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. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website is www.cardano.org. 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.”

Buying and Selling Cardano

It is usually not currently 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 exchanges listed above.

ADA/USD price chart by TradingView