Cardano Reaches Market Capitalization of $13.28 Billion (ADA)

Cardano (ADA) traded 6.9% higher against the US dollar during the 24 hour period ending at 19:00 PM Eastern on August 21st. Over the last seven days, Cardano has traded up 10.1% against the US dollar. Cardano has a market capitalization of $13.28 billion and $367.65 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be purchased for about $0.37 or 0.00000601 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 2% higher against the dollar and now trades at $2,639.17 or 0.04294723 BTC.
• Avalanche (AVAX) traded 4.7% higher against the dollar and now trades at $23.55 or 0.00038324 BTC.
• NEAR Protocol (NEAR) traded up 6.2% against the dollar and now trades at $4.29 or 0.00006980 BTC.
• Uniswap (UNI) traded 14.3% higher against the dollar and now trades at $7.18 or 0.00011680 BTC.
• Internet Computer (ICP) traded 6% higher against the dollar and now trades at $7.72 or 0.00012564 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.0873 or 0.00000142 BTC.
• Hedera (HBAR) traded up 2.6% against the dollar and now trades at $0.0551 or 0.00000090 BTC.
• Cosmos (ATOM) traded down 0.2% against the dollar and now trades at $4.77 or 0.00007766 BTC.
• Algorand (ALGO) traded 6% higher against the dollar and now trades at $0.14 or 0.00000222 BTC.
• Fetch.ai (FET) traded up 10.3% against the dollar and now trades at $0.97 or 0.00001575 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 37,143,587,994 coins and its circulating supply is 35,949,988,097 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website 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.

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

ADA/USD price chart by TradingView