Cardano Price Down 3.7% Over Last 7 Days (ADA)

Cardano (ADA) traded down 2.9% against the dollar during the 24-hour period ending at 9:00 AM ET on January 12th. One Cardano coin can currently be purchased for about $0.38 or 0.00000422 BTC on major cryptocurrency exchanges. Over the last week, Cardano has traded 3.7% lower against the dollar. Cardano has a total market cap of $14.54 billion and approximately $566.16 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 0% higher against the dollar and now trades at $3,108.22 or 0.03431800 BTC.
• Cronos (CRO) traded down 2.6% against the dollar and now trades at $0.0989 or 0.00000109 BTC.
• Avalanche (AVAX) traded 1.9% lower against the dollar and now trades at $13.57 or 0.00014979 BTC.
• Hedera (HBAR) traded 3.3% lower against the dollar and now trades at $0.11 or 0.00000126 BTC.
• Uniswap (UNI) traded 2.8% lower against the dollar and now trades at $5.35 or 0.00005904 BTC.
• NEAR Protocol (NEAR) traded down 2.5% against the dollar and now trades at $1.66 or 0.00001834 BTC.
• Internet Computer (ICP) traded down 3.8% against the dollar and now trades at $3.09 or 0.00003410 BTC.
• Cosmos (ATOM) traded down 2.1% against the dollar and now trades at $2.56 or 0.00002832 BTC.
• Algorand (ALGO) traded 4.6% lower against the dollar and now trades at $0.13 or 0.00000142 BTC.
• Fetch.ai (FET) traded 0.8% lower against the dollar and now trades at $0.28 or 0.00000313 BTC.

About Cardano

Cardano (CRYPTO: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 44,994,551,006 coins and its circulating supply is 37,997,904,336 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website is www.cardano.org. Cardano’s official message board is cardano.org/news/atom.xml. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed 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 Coinbase, GDAX or Changelly. 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