Cardano (ADA) Achieves Market Cap of $15.82 Billion

Cardano (ADA) traded 1.5% lower against the U.S. dollar during the 1 day period ending at 14:00 PM E.T. on April 17th. Over the last week, Cardano has traded 23.5% lower against the U.S. 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 purchased for about $0.44 or 0.00000719 BTC on cryptocurrency exchanges.

Here’s how related 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 0.1% higher against the dollar and now trades at $33.96 or 0.00055003 BTC.
• NEAR Protocol (NEAR) traded up 3.6% against the dollar and now trades at $5.49 or 0.00008885 BTC.
• Internet Computer (ICP) traded down 0.4% 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 down 1.5% 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 down 0.6% against the dollar and now trades at $0.0786 or 0.00000127 BTC.
• Fetch.ai (FET) traded down 0.8% 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.

About Cardano

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 36,798,870,281 coins and its circulating supply is 35,618,114,188 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board is medium.com/feed/cardanorss.

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

ADA/USD price chart by TradingView