Cardano (ADA) Achieves Market Cap of $17.83 Billion

Cardano (ADA) traded down 3.9% against the dollar during the 1 day period ending at 19:00 PM Eastern on April 23rd. One Cardano coin can now be purchased for about $0.50 or 0.00000754 BTC on exchanges. Cardano has a market cap of $17.83 billion and $407.56 million worth of Cardano was traded on exchanges in the last 24 hours. Over the last seven days, Cardano has traded 9% higher against the dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded 0.2% lower against the dollar and now trades at $3,215.20 or 0.04844570 BTC.
• Avalanche (AVAX) traded 3.5% lower against the dollar and now trades at $38.24 or 0.00057620 BTC.
• NEAR Protocol (NEAR) traded down 1.9% against the dollar and now trades at $6.92 or 0.00010425 BTC.
• Internet Computer (ICP) traded 4.3% lower against the dollar and now trades at $14.50 or 0.00021853 BTC.
• Hedera (HBAR) traded up 63.4% against the dollar and now trades at $0.15 or 0.00000225 BTC.
• Uniswap (UNI) traded down 3.3% against the dollar and now trades at $7.99 or 0.00012045 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 2.8% against the dollar and now trades at $8.71 or 0.00013119 BTC.
• Fetch.ai (FET) traded down 2.1% against the dollar and now trades at $2.43 or 0.00003654 BTC.
• Algorand (ALGO) traded 2.1% lower against the dollar and now trades at $0.19 or 0.00000290 BTC.

Cardano Profile

Cardano (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 36,812,929,523 coins and its circulating supply is 35,631,835,365 coins. Cardano’s official message board is medium.com/feed/cardanorss. The official website for Cardano is www.cardano.org. 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.

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 buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView