Cardano (ADA) Price Reaches $0.70 on Top Exchanges

Cardano (ADA) traded up 0.7% against the US dollar during the 1 day period ending at 10:00 AM E.T. on February 10th. One Cardano coin can currently be bought for $0.70 or 0.00000723 BTC on major cryptocurrency exchanges. Over the last week, Cardano has traded 2.1% lower against the US dollar. Cardano has a market cap of $24.79 billion and $47.76 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 0.2% higher against the dollar and now trades at $2,657.08 or 0.02726174 BTC.
• Avalanche (AVAX) traded 1.3% higher 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 down 0.5% against the dollar and now trades at $3.23 or 0.00003316 BTC.
• Internet Computer (ICP) traded 1.8% higher 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 4.6% higher against the dollar and now trades at $0.29 or 0.00000297 BTC.
• Fetch.ai (FET) traded up 1.1% 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 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 official website for Cardano is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. 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 possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire 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 exchanges listed above.

ADA/USD price chart by TradingView