Cardano Market Cap Reaches $13.76 Billion (ADA)

Cardano (ADA) traded 1.9% lower against the US dollar during the 24 hour period ending at 10:00 AM ET on June 30th. Over the last week, Cardano has traded 0.5% lower against the US dollar. One Cardano coin can now be bought for $0.38 or 0.00000625 BTC on major exchanges. Cardano has a total market capitalization of $13.76 billion and approximately $172.89 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded up 0.3% against the dollar and now trades at $3,393.01 or 0.05514822 BTC.
• Avalanche (AVAX) traded up 1.4% against the dollar and now trades at $27.98 or 0.00045483 BTC.
• NEAR Protocol (NEAR) traded up 1% against the dollar and now trades at $5.04 or 0.00008196 BTC.
• Uniswap (UNI) traded up 1.3% against the dollar and now trades at $9.01 or 0.00014643 BTC.
• Internet Computer (ICP) traded up 0.3% against the dollar and now trades at $7.97 or 0.00012959 BTC.
• Hedera (HBAR) traded 0.4% lower against the dollar and now trades at $0.0764 or 0.00000124 BTC.
• Cosmos (ATOM) traded 1.5% lower against the dollar and now trades at $6.65 or 0.00010809 BTC.
• Cronos (CRO) traded down 1.2% against the dollar and now trades at $0.0903 or 0.00000147 BTC.
• Fetch.ai (FET) traded 0.5% higher against the dollar and now trades at $1.42 or 0.00002302 BTC.
• Algorand (ALGO) traded down 0.6% against the dollar and now trades at $0.14 or 0.00000227 BTC.

About Cardano

Cardano (CRYPTO: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 37,007,766,298 coins and its circulating supply is 35,752,089,101 coins. 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. 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.

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.”

Cardano Coin Trading

It is usually not 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, Gemini 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