Cardano (ADA) Achieves Market Cap of $15.81 Billion

Cardano (ADA) traded 3.4% lower against the dollar during the 1 day period ending at 21:00 PM E.T. on April 17th. In the last seven days, Cardano has traded down 24.5% against the dollar. One Cardano coin can currently be bought for $0.44 or 0.00000723 BTC on popular exchanges. Cardano has a total market cap of $15.81 billion and approximately $491.95 million worth of Cardano was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded 3.8% lower against the dollar and now trades at $2,981.73 or 0.04858352 BTC.
• Avalanche (AVAX) traded down 4.5% against the dollar and now trades at $33.42 or 0.00054458 BTC.
• NEAR Protocol (NEAR) traded down 4.3% against the dollar and now trades at $5.32 or 0.00008666 BTC.
• Internet Computer (ICP) traded down 4.5% against the dollar and now trades at $11.79 or 0.00019218 BTC.
• Uniswap (UNI) traded 4.2% lower against the dollar and now trades at $6.89 or 0.00011227 BTC.
• Cronos (CRO) traded 4.7% lower against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $8.01 or 0.00013058 BTC.
• Hedera (HBAR) traded down 2.8% against the dollar and now trades at $0.0780 or 0.00000127 BTC.
• Fetch.ai (FET) traded down 6.8% against the dollar and now trades at $1.98 or 0.00003231 BTC.
• Algorand (ALGO) traded 4.3% lower against the dollar and now trades at $0.17 or 0.00000273 BTC.

About 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 36,798,870,281 coins and its circulating supply is 35,619,093,517 coins. Cardano’s official message board is medium.com/feed/cardanorss. 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.

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 purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView