Cardano Market Capitalization Achieves $11.73 Billion (ADA)

Cardano (ADA) traded down 2.8% against the dollar during the 24-hour period ending at 19:00 PM ET on August 15th. Cardano has a market capitalization of $11.73 billion and $242.51 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be bought for approximately $0.33 or 0.00000565 BTC on major exchanges. Over the last week, Cardano has traded 7.1% lower against the dollar.

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

• Ethereum (ETH) traded down 3.3% against the dollar and now trades at $2,581.21 or 0.04466440 BTC.
• Avalanche (AVAX) traded down 3.9% against the dollar and now trades at $20.20 or 0.00034946 BTC.
• NEAR Protocol (NEAR) traded 2.9% lower against the dollar and now trades at $4.04 or 0.00006985 BTC.
• Uniswap (UNI) traded down 2.3% against the dollar and now trades at $6.23 or 0.00010781 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $6.96 or 0.00012040 BTC.
• Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.0882 or 0.00000153 BTC.
• Hedera (HBAR) traded 2.5% lower against the dollar and now trades at $0.0522 or 0.00000090 BTC.
• Cosmos (ATOM) traded down 5.1% against the dollar and now trades at $4.53 or 0.00007844 BTC.
• Algorand (ALGO) traded down 3% against the dollar and now trades at $0.12 or 0.00000201 BTC.
• Fetch.ai (FET) traded 5% lower against the dollar and now trades at $0.83 or 0.00001440 BTC.

About 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 37,130,259,832 coins and its circulating supply is 35,937,954,373 coins. 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. The official message board for Cardano is medium.com/feed/cardanorss.

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 currently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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