Cardano Reaches Market Capitalization of $16.28 Billion (ADA)

Cardano (ADA) traded down 1% against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on April 16th. Cardano has a market cap of $16.28 billion and approximately $511.29 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be purchased for about $0.46 or 0.00000714 BTC on exchanges. In the last seven days, Cardano has traded down 21.9% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 0.2% higher against the dollar and now trades at $3,091.19 or 0.04829645 BTC.
• Avalanche (AVAX) traded down 1.1% against the dollar and now trades at $34.57 or 0.00054008 BTC.
• NEAR Protocol (NEAR) traded 5.4% higher against the dollar and now trades at $5.44 or 0.00008500 BTC.
• Internet Computer (ICP) traded 1% lower against the dollar and now trades at $12.20 or 0.00019057 BTC.
• Uniswap (UNI) traded down 1.1% against the dollar and now trades at $7.10 or 0.00011097 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded up 0.3% against the dollar and now trades at $8.15 or 0.00012730 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0797 or 0.00000124 BTC.
• Fetch.ai (FET) traded down 0.1% against the dollar and now trades at $2.04 or 0.00003194 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.17 or 0.00000270 BTC.

About Cardano

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 36,798,870,281 coins and its circulating supply is 35,615,799,312 coins. Cardano’s official website 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. 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView