Cardano (ADA) Market Capitalization Achieves $15.36 Billion

Cardano (ADA) traded down 5.2% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM E.T. on April 30th. Cardano has a market cap of $15.36 billion and $338.40 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be purchased for about $0.43 or 0.00000704 BTC on major exchanges. During the last seven days, Cardano has traded 16% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 5.2% lower against the dollar and now trades at $3,006.13 or 0.04911757 BTC.
• Avalanche (AVAX) traded down 1.6% against the dollar and now trades at $32.92 or 0.00053787 BTC.
• NEAR Protocol (NEAR) traded 7.9% lower against the dollar and now trades at $6.24 or 0.00010189 BTC.
• Internet Computer (ICP) traded 6.2% lower against the dollar and now trades at $12.57 or 0.00020545 BTC.
• Uniswap (UNI) traded 6.3% lower against the dollar and now trades at $7.14 or 0.00011665 BTC.
• Cronos (CRO) traded 3.6% higher against the dollar and now trades at $0.13 or 0.00000217 BTC.
• Hedera (HBAR) traded 8.9% lower against the dollar and now trades at $0.0944 or 0.00000154 BTC.
• Cosmos (ATOM) traded 3.2% lower against the dollar and now trades at $7.76 or 0.00012680 BTC.
• Fetch.ai (FET) traded down 7.8% against the dollar and now trades at $1.97 or 0.00003226 BTC.
• Algorand (ALGO) traded down 6.3% against the dollar and now trades at $0.18 or 0.00000287 BTC.

Cardano Profile

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 36,841,202,420 coins and its circulating supply is 35,643,131,073 coins. 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. The official website for Cardano is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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