Cardano Achieves Market Capitalization of $12.18 Billion (ADA)

Cardano (ADA) traded 0.1% lower against the US dollar during the twenty-four hour period ending at 23:00 PM E.T. on August 13th. Cardano has a total market cap of $12.18 billion and approximately $205.49 million worth of Cardano was traded on exchanges in the last 24 hours. In the last seven days, Cardano has traded up 1.2% against the US dollar. One Cardano coin can currently be bought for $0.34 or 0.00000557 BTC on popular cryptocurrency exchanges.

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

• Ethereum (ETH) traded 0.1% lower against the dollar and now trades at $2,708.97 or 0.04454070 BTC.
• Avalanche (AVAX) traded up 1% against the dollar and now trades at $21.36 or 0.00035126 BTC.
• NEAR Protocol (NEAR) traded up 5.4% against the dollar and now trades at $4.26 or 0.00007010 BTC.
• Uniswap (UNI) traded up 1.4% against the dollar and now trades at $6.32 or 0.00010390 BTC.
• Internet Computer (ICP) traded up 1.5% against the dollar and now trades at $7.36 or 0.00012107 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.0883 or 0.00000145 BTC.
• Cosmos (ATOM) traded 1.1% lower against the dollar and now trades at $4.97 or 0.00008164 BTC.
• Hedera (HBAR) traded 1.1% higher against the dollar and now trades at $0.0540 or 0.00000089 BTC.
• Algorand (ALGO) traded up 0.7% against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Fetch.ai (FET) traded 4% higher against the dollar and now trades at $0.88 or 0.00001452 BTC.

Cardano Profile

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 37,130,259,832 coins and its circulating supply is 35,934,543,104 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 Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official message board is medium.com/feed/cardanorss. The official website for Cardano is www.cardano.org.

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 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 GDAX, Changelly or Coinbase. 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