Cardano (ADA) Price Tops $0.56 on Top Exchanges

Cardano (ADA) traded down 2.2% against the dollar during the 24-hour period ending at 8:00 AM Eastern on November 13th. Over the last seven days, Cardano has traded 5.8% higher against the dollar. Cardano has a market capitalization of $21.42 billion and approximately $819.51 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for approximately $0.56 or 0.00000548 BTC on popular exchanges.

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

• Ethereum (ETH) traded down 1.5% against the dollar and now trades at $3,494.21 or 0.03393835 BTC.
• Cronos (CRO) traded down 1.7% against the dollar and now trades at $0.13 or 0.00000124 BTC.
• Hedera (HBAR) traded down 4% against the dollar and now trades at $0.18 or 0.00000173 BTC.
• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $17.29 or 0.00016796 BTC.
• Uniswap (UNI) traded down 4.9% against the dollar and now trades at $7.95 or 0.00007723 BTC.
• Internet Computer (ICP) traded 5% lower against the dollar and now trades at $6.08 or 0.00005910 BTC.
• NEAR Protocol (NEAR) traded 3.2% lower against the dollar and now trades at $2.55 or 0.00002475 BTC.
• Algorand (ALGO) traded down 3.4% against the dollar and now trades at $0.18 or 0.00000172 BTC.
• Cosmos (ATOM) traded 4.6% lower against the dollar and now trades at $2.95 or 0.00002867 BTC.
• Fetch.ai (FET) traded 8.8% lower against the dollar and now trades at $0.31 or 0.00000302 BTC.

Cardano Coin 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 44,994,678,042 coins and its circulating supply is 37,997,904,336 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official message board for Cardano is cardano.org/news/atom.xml. The official website for Cardano is www.cardano.org. 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 presently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView