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. Cardano has a total market cap of $17.83 billion and approximately $407.56 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can now be bought for $0.50 or 0.00000754 BTC on popular cryptocurrency exchanges. During the last week, Cardano has traded up 9% against the dollar.

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

• Ethereum (ETH) traded down 0.2% against the dollar and now trades at $3,215.20 or 0.04844570 BTC.
• Avalanche (AVAX) traded down 3.5% 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 down 4.3% 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 3.3% lower 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 2.8% lower 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 down 2.1% against the dollar and now trades at $0.19 or 0.00000290 BTC.

Cardano Coin Profile

Cardano (CRYPTO:ADA) 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 36,812,929,523 coins and its circulating supply is 35,631,835,365 coins. The official website for Cardano is www.cardano.org. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official message board for Cardano is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 US dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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