Cardano Market Cap Hits $14.90 Billion (ADA)

Cardano (ADA) traded 5.4% higher against the U.S. dollar during the 1 day period ending at 14:00 PM E.T. on July 26th. In the last seven days, Cardano has traded down 4.9% against the U.S. dollar. One Cardano coin can currently be purchased for $0.42 or 0.00000615 BTC on popular exchanges. Cardano has a total market cap of $14.90 billion and approximately $299.56 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 3.1% higher against the dollar and now trades at $3,259.26 or 0.04826307 BTC.
• Avalanche (AVAX) traded up 5.1% against the dollar and now trades at $28.50 or 0.00042198 BTC.
• NEAR Protocol (NEAR) traded 8.8% higher against the dollar and now trades at $5.78 or 0.00008557 BTC.
• Uniswap (UNI) traded up 4.8% against the dollar and now trades at $7.63 or 0.00011291 BTC.
• Internet Computer (ICP) traded down 2% against the dollar and now trades at $9.59 or 0.00014194 BTC.
• Hedera (HBAR) traded up 4% against the dollar and now trades at $0.0681 or 0.00000101 BTC.
• Cronos (CRO) traded up 1.9% against the dollar and now trades at $0.0911 or 0.00000135 BTC.
• Cosmos (ATOM) traded up 5.3% against the dollar and now trades at $6.16 or 0.00009124 BTC.
• Fetch.ai (FET) traded 5.5% higher against the dollar and now trades at $1.27 or 0.00001885 BTC.
• Algorand (ALGO) traded 3.8% higher against the dollar and now trades at $0.14 or 0.00000210 BTC.

Cardano Coin Profile

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 37,075,829,454 coins and its circulating supply is 35,901,758,807 coins. 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. Cardano’s official website 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 acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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