Cardano Market Capitalization Achieves $13.73 Billion (ADA)

Cardano (ADA) traded down 3.4% against the dollar during the twenty-four hour period ending at 7:00 AM ET on August 25th. Cardano has a market cap of $13.73 billion and $292.39 million worth of Cardano was traded on exchanges in the last 24 hours. In the last week, Cardano has traded up 13.4% against the dollar. One Cardano coin can now be purchased for approximately $0.38 or 0.00000597 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded down 0.4% against the dollar and now trades at $2,757.27 or 0.04310624 BTC.
• Avalanche (AVAX) traded 3.4% lower against the dollar and now trades at $26.50 or 0.00041422 BTC.
• NEAR Protocol (NEAR) traded 0.5% lower against the dollar and now trades at $4.89 or 0.00007652 BTC.
• Uniswap (UNI) traded down 4.5% against the dollar and now trades at $6.72 or 0.00010512 BTC.
• Internet Computer (ICP) traded down 2.1% against the dollar and now trades at $8.45 or 0.00013216 BTC.
• Cronos (CRO) traded down 3.6% against the dollar and now trades at $0.0888 or 0.00000139 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.0588 or 0.00000092 BTC.
• Cosmos (ATOM) traded 2.1% lower against the dollar and now trades at $5.12 or 0.00008004 BTC.
• Fetch.ai (FET) traded 1.5% lower against the dollar and now trades at $1.25 or 0.00001947 BTC.
• Algorand (ALGO) traded down 2.6% against the dollar and now trades at $0.14 or 0.00000223 BTC.

Cardano Profile

Cardano (CRYPTO: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 37,157,110,715 coins and its circulating supply is 35,953,795,429 coins. The official message board for Cardano is medium.com/feed/cardanorss. The official website for Cardano is www.cardano.org. 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 presently 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 GDAX, Gemini or Changelly. 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