Cardano (ADA) Price Tops $0.73

Cardano (ADA) traded down 5.1% against the US dollar during the one day period ending at 10:00 AM Eastern on February 6th. Cardano has a market capitalization of $25.59 billion and approximately $773.49 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be bought for about $0.73 or 0.00000744 BTC on major cryptocurrency exchanges. Over the last seven days, Cardano has traded down 26.1% against the US dollar.

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

• Ethereum (ETH) traded down 1.4% against the dollar and now trades at $2,745.14 or 0.02807278 BTC.
• Avalanche (AVAX) traded down 4.5% against the dollar and now trades at $25.46 or 0.00026039 BTC.
• Hedera (HBAR) traded down 7% against the dollar and now trades at $0.24 or 0.00000242 BTC.
• Uniswap (UNI) traded 2.4% lower against the dollar and now trades at $9.09 or 0.00009294 BTC.
• NEAR Protocol (NEAR) traded 5% lower against the dollar and now trades at $3.23 or 0.00003306 BTC.
• Internet Computer (ICP) traded 4% lower against the dollar and now trades at $6.85 or 0.00007000 BTC.
• Cronos (CRO) traded down 5% against the dollar and now trades at $0.0992 or 0.00000101 BTC.
• Algorand (ALGO) traded 7% lower against the dollar and now trades at $0.28 or 0.00000281 BTC.
• Fetch.ai (FET) traded 6.4% lower against the dollar and now trades at $0.74 or 0.00000753 BTC.
• Cosmos (ATOM) traded 6.6% lower against the dollar and now trades at $4.50 or 0.00004600 BTC.

Cardano Profile

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 44,995,053,983 coins and its circulating supply is 35,193,500,774 coins. 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. Cardano’s official website is www.cardano.org.

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 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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView