Cardano Market Cap Reaches $12.22 Billion (ADA)

Cardano (ADA) traded 0.7% higher against the dollar during the 1-day period ending at 15:00 PM ET on August 13th. In the last seven days, Cardano has traded 2.2% higher against the dollar. One Cardano coin can now be purchased for about $0.34 or 0.00000562 BTC on major cryptocurrency exchanges. Cardano has a market capitalization of $12.22 billion and $211.39 million worth of Cardano was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded up 0.8% against the dollar and now trades at $2,681.55 or 0.04429513 BTC.
• Avalanche (AVAX) traded 0.8% higher against the dollar and now trades at $21.27 or 0.00035139 BTC.
• NEAR Protocol (NEAR) traded up 6.5% against the dollar and now trades at $4.29 or 0.00007088 BTC.
• Uniswap (UNI) traded 3.3% higher against the dollar and now trades at $6.30 or 0.00010411 BTC.
• Internet Computer (ICP) traded up 1.4% against the dollar and now trades at $7.24 or 0.00011954 BTC.
• Cronos (CRO) traded 0.6% higher against the dollar and now trades at $0.0883 or 0.00000146 BTC.
• Cosmos (ATOM) traded down 0.8% against the dollar and now trades at $5.00 or 0.00008266 BTC.
• Hedera (HBAR) traded 0.8% higher against the dollar and now trades at $0.0541 or 0.00000089 BTC.
• Algorand (ALGO) traded up 1.1% against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Fetch.ai (FET) traded 1.6% higher against the dollar and now trades at $0.87 or 0.00001436 BTC.

Cardano Coin Profile

Cardano 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 37,130,259,832 coins and its circulating supply is 35,934,548,533 coins. The official website for Cardano is www.cardano.org. The official message board for Cardano is medium.com/feed/cardanorss. 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.

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

ADA/USD price chart by TradingView