Cardano (ADA) Hits Market Capitalization of $21.66 Billion

Cardano (ADA) traded up 4.8% against the US dollar during the 24 hour period ending at 0:00 AM ET on April 8th. One Cardano coin can now be bought for $0.61 or 0.00000854 BTC on cryptocurrency exchanges. Over the last week, Cardano has traded 1.6% higher against the US dollar. Cardano has a market cap of $21.66 billion and approximately $451.61 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 8% against the dollar and now trades at $3,694.42 or 0.05186525 BTC.
• Avalanche (AVAX) traded 0.9% higher against the dollar and now trades at $48.95 or 0.00068726 BTC.
• Internet Computer (ICP) traded 3.4% higher against the dollar and now trades at $17.42 or 0.00024450 BTC.
• NEAR Protocol (NEAR) traded 6.2% higher against the dollar and now trades at $7.44 or 0.00010441 BTC.
• Uniswap (UNI) traded 2.4% higher against the dollar and now trades at $11.58 or 0.00016255 BTC.
• Cosmos (ATOM) traded 2% higher against the dollar and now trades at $11.18 or 0.00015691 BTC.
• Cronos (CRO) traded 4.2% higher against the dollar and now trades at $0.15 or 0.00000211 BTC.
• Hedera (HBAR) traded 6% higher against the dollar and now trades at $0.11 or 0.00000153 BTC.
• Fetch.ai (FET) traded 4.4% higher against the dollar and now trades at $2.76 or 0.00003878 BTC.
• Algorand (ALGO) traded up 4.7% against the dollar and now trades at $0.24 or 0.00000340 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 36,771,024,608 coins and its circulating supply is 35,606,445,906 coins. Cardano’s official website is www.cardano.org. The official message board for Cardano is medium.com/feed/cardanorss. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. 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 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView