Cardano Market Cap Achieves $12.07 Billion (ADA)

Cardano (ADA) traded 2.9% higher against the U.S. dollar during the 24-hour period ending at 23:00 PM ET on August 6th. Cardano has a market capitalization of $12.07 billion and $367.80 million worth of Cardano was traded on exchanges in the last day. During the last seven days, Cardano has traded 17.2% lower against the U.S. dollar. One Cardano coin can now be purchased for $0.34 or 0.00000593 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded down 0.2% against the dollar and now trades at $2,500.43 or 0.04410765 BTC.
• Avalanche (AVAX) traded 3.4% higher against the dollar and now trades at $21.17 or 0.00037337 BTC.
• NEAR Protocol (NEAR) traded up 1.8% against the dollar and now trades at $3.77 or 0.00006659 BTC.
• Internet Computer (ICP) traded 3.4% higher against the dollar and now trades at $7.65 or 0.00013489 BTC.
• Uniswap (UNI) traded 3.9% higher against the dollar and now trades at $5.91 or 0.00010424 BTC.
• Cronos (CRO) traded 5.3% higher against the dollar and now trades at $0.0811 or 0.00000143 BTC.
• Hedera (HBAR) traded up 1.8% against the dollar and now trades at $0.0558 or 0.00000098 BTC.
• Cosmos (ATOM) traded up 2% against the dollar and now trades at $4.93 or 0.00008699 BTC.
• Algorand (ALGO) traded 0.5% higher against the dollar and now trades at $0.11 or 0.00000202 BTC.
• Fetch.ai (FET) traded 4.1% higher against the dollar and now trades at $0.87 or 0.00001541 BTC.

About 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 37,102,998,494 coins and its circulating supply is 35,925,606,365 coins. Cardano’s official website is www.cardano.org. Cardano’s official message board is medium.com/feed/cardanorss. 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 purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView