Cardano (ADA) Price Tops $0.48

Cardano (ADA) traded 0.1% lower against the US dollar during the twenty-four hour period ending at 12:00 PM ET on May 18th. One Cardano coin can now be purchased for $0.48 or 0.00000721 BTC on major exchanges. During the last week, Cardano has traded up 8.8% against the US dollar. Cardano has a total market capitalization of $17.22 billion and $264.32 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded up 0.2% against the dollar and now trades at $3,114.69 or 0.04655070 BTC.
• Avalanche (AVAX) traded up 0.6% against the dollar and now trades at $37.26 or 0.00055682 BTC.
• NEAR Protocol (NEAR) traded 2.9% lower against the dollar and now trades at $7.88 or 0.00011783 BTC.
• Internet Computer (ICP) traded 4.2% higher against the dollar and now trades at $13.50 or 0.00020180 BTC.
• Uniswap (UNI) traded up 5.1% against the dollar and now trades at $7.96 or 0.00011890 BTC.
• Hedera (HBAR) traded down 0.5% against the dollar and now trades at $0.12 or 0.00000173 BTC.
• Cosmos (ATOM) traded down 0.8% against the dollar and now trades at $8.68 or 0.00012968 BTC.
• Cronos (CRO) traded down 1.3% against the dollar and now trades at $0.12 or 0.00000186 BTC.
• Fetch.ai (FET) traded 3.1% lower against the dollar and now trades at $2.30 or 0.00003441 BTC.
• Algorand (ALGO) traded up 0.2% against the dollar and now trades at $0.18 or 0.00000274 BTC.

Cardano Profile

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 36,883,631,806 coins and its circulating supply is 35,677,021,157 coins. 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. 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 U.S. dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, 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