Cardano Market Cap Reaches $13.76 Billion (ADA)

Cardano (ADA) traded 1.9% lower against the U.S. dollar during the one day period ending at 10:00 AM E.T. on June 30th. One Cardano coin can currently be bought for about $0.38 or 0.00000625 BTC on popular cryptocurrency exchanges. Over the last seven days, Cardano has traded down 0.5% against the U.S. dollar. 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 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• 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 1% higher 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 0.3% higher 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 down 1.5% against the dollar and now trades at $6.65 or 0.00010809 BTC.
• Cronos (CRO) traded 1.2% lower 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.

Cardano Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 37,007,766,298 coins and its circulating supply is 35,752,089,101 coins. 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 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 currently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView