Cardano Trading 9.1% Lower Over Last Week (ADA)

Cardano (ADA) traded 0.3% lower against the US dollar during the one day period ending at 20:00 PM Eastern on June 20th. During the last week, Cardano has traded down 9.1% against the US dollar. Cardano has a total market cap of $13.68 billion and $284.76 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be purchased for approximately $0.38 or 0.00000590 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

  • Ethereum (ETH) traded down 1.3% against the dollar and now trades at $3,507.83 or 0.05408645 BTC.
  • Avalanche (AVAX) traded 1.8% higher against the dollar and now trades at $27.41 or 0.00042269 BTC.
  • Uniswap (UNI) traded down 0.1% against the dollar and now trades at $9.96 or 0.00015361 BTC.
  • NEAR Protocol (NEAR) traded 3% higher against the dollar and now trades at $5.13 or 0.00007910 BTC.
  • Internet Computer (ICP) traded 2.6% lower against the dollar and now trades at $8.17 or 0.00012594 BTC.
  • Hedera (HBAR) traded 0.8% lower against the dollar and now trades at $0.0797 or 0.00000123 BTC.
  • Cosmos (ATOM) traded down 1.1% against the dollar and now trades at $6.81 or 0.00010494 BTC.
  • Cronos (CRO) traded 0.2% lower against the dollar and now trades at $0.0935 or 0.00000144 BTC.
  • Fetch.ai (FET) traded up 5.6% against the dollar and now trades at $1.57 or 0.00002420 BTC.
  • Algorand (ALGO) traded down 1.1% against the dollar and now trades at $0.14 or 0.00000212 BTC.

About Cardano

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 36,980,576,545 coins and its circulating supply is 35,734,596,722 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. The official message board for Cardano is medium.com/feed/cardanorss. The official website for Cardano 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.”

Buying and Selling Cardano

It is usually not presently possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

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