Cardano (ADA) Hits Market Capitalization of $14.71 Billion

Cardano (ADA) traded 0.1% lower against the U.S. dollar during the one day period ending at 18:00 PM ET on June 15th. Cardano has a total market capitalization of $14.71 billion and $214.17 million worth of Cardano was traded on exchanges in the last day. During the last seven days, Cardano has traded down 5.3% against the U.S. dollar. One Cardano coin can now be purchased for $0.41 or 0.00000623 BTC on exchanges.

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

• Ethereum (ETH) traded up 2.3% against the dollar and now trades at $3,557.14 or 0.05384341 BTC.
• Avalanche (AVAX) traded down 1.2% against the dollar and now trades at $29.96 or 0.00045345 BTC.
• Uniswap (UNI) traded 9.6% higher against the dollar and now trades at $11.41 or 0.00017273 BTC.
• NEAR Protocol (NEAR) traded 1% higher against the dollar and now trades at $5.60 or 0.00008476 BTC.
• Internet Computer (ICP) traded 3.3% lower against the dollar and now trades at $9.11 or 0.00013784 BTC.
• Hedera (HBAR) traded down 2.2% against the dollar and now trades at $0.0847 or 0.00000128 BTC.
• Cosmos (ATOM) traded down 0% against the dollar and now trades at $7.12 or 0.00010774 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.10 or 0.00000152 BTC.
• Fetch.ai (FET) traded 1.6% lower against the dollar and now trades at $1.46 or 0.00002206 BTC.
• Algorand (ALGO) traded 0% higher against the dollar and now trades at $0.15 or 0.00000229 BTC.

Cardano Coin Profile

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 36,966,827,854 coins and its circulating supply is 35,725,382,301 coins. The official message board for Cardano is medium.com/feed/cardanorss. 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. 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 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView