Cardano Hits Market Capitalization of $38.17 Billion (ADA)

Cardano (ADA) traded 0.1% higher against the U.S. dollar during the one day period ending at 10:00 AM ET on January 5th. During the last seven days, Cardano has traded up 22.2% against the U.S. dollar. One Cardano coin can now be purchased for approximately $1.09 or 0.00001111 BTC on major exchanges. Cardano has a market cap of $38.17 billion and approximately $1.17 billion worth of Cardano was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 0.9% lower against the dollar and now trades at $3,620.89 or 0.03703518 BTC.
• Avalanche (AVAX) traded 1% lower against the dollar and now trades at $41.61 or 0.00042559 BTC.
• Hedera (HBAR) traded down 3.6% against the dollar and now trades at $0.30 or 0.00000306 BTC.
• Uniswap (UNI) traded down 2.1% against the dollar and now trades at $15.05 or 0.00015395 BTC.
• NEAR Protocol (NEAR) traded down 4% against the dollar and now trades at $5.69 or 0.00005815 BTC.
• Internet Computer (ICP) traded 4% lower against the dollar and now trades at $11.99 or 0.00012267 BTC.
• Cronos (CRO) traded 2.1% lower against the dollar and now trades at $0.16 or 0.00000163 BTC.
• Fetch.ai (FET) traded down 2.5% against the dollar and now trades at $1.48 or 0.00001511 BTC.
• Algorand (ALGO) traded 3.2% lower against the dollar and now trades at $0.40 or 0.00000413 BTC.
• Cosmos (ATOM) traded down 2.8% against the dollar and now trades at $7.21 or 0.00007378 BTC.

About Cardano

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 44,995,119,469 coins and its circulating supply is 35,151,153,813 coins. The official website for Cardano is www.cardano.org. 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. Cardano’s official message board 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 presently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView