Cardano Hits Market Cap of $15.82 Billion (ADA)

Cardano (ADA) traded down 1.5% against the dollar during the 1 day period ending at 14:00 PM ET on April 17th. Over the last week, Cardano has traded 23.5% lower against the dollar. Cardano has a total market capitalization of $15.82 billion and $464.63 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be bought for $0.44 or 0.00000719 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 0.8% lower against the dollar and now trades at $3,018.88 or 0.04889931 BTC.
• Avalanche (AVAX) traded up 0.1% against the dollar and now trades at $33.96 or 0.00055003 BTC.
• NEAR Protocol (NEAR) traded 3.6% higher against the dollar and now trades at $5.49 or 0.00008885 BTC.
• Internet Computer (ICP) traded 0.4% lower against the dollar and now trades at $11.98 or 0.00019397 BTC.
• Uniswap (UNI) traded down 2.3% against the dollar and now trades at $6.91 or 0.00011186 BTC.
• Cronos (CRO) traded 1.5% lower against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Cosmos (ATOM) traded up 1% against the dollar and now trades at $8.11 or 0.00013141 BTC.
• Hedera (HBAR) traded 0.6% lower against the dollar and now trades at $0.0786 or 0.00000127 BTC.
• Fetch.ai (FET) traded 0.8% lower against the dollar and now trades at $1.99 or 0.00003226 BTC.
• Algorand (ALGO) traded down 1% against the dollar and now trades at $0.17 or 0.00000274 BTC.

Cardano Coin Profile

Cardano 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 36,798,870,281 coins and its circulating supply is 35,618,114,188 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. 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 purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX 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