Cardano (ADA) Reaches Market Cap of $11.44 Billion

Cardano (ADA) traded 5.1% lower against the US dollar during the 1-day period ending at 20:00 PM Eastern on September 3rd. During the last seven days, Cardano has traded down 9% against the US dollar. Cardano has a market capitalization of $11.44 billion and $234.79 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be purchased for about $0.32 or 0.00000555 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 5% lower against the dollar and now trades at $2,408.25 or 0.04201862 BTC.
• Avalanche (AVAX) traded 4.1% lower against the dollar and now trades at $21.43 or 0.00037389 BTC.
• NEAR Protocol (NEAR) traded down 7.2% against the dollar and now trades at $3.70 or 0.00006462 BTC.
• Uniswap (UNI) traded 0.4% lower against the dollar and now trades at $6.10 or 0.00010636 BTC.
• Internet Computer (ICP) traded 5.1% lower against the dollar and now trades at $7.15 or 0.00012470 BTC.
• Cronos (CRO) traded down 2.9% against the dollar and now trades at $0.0783 or 0.00000137 BTC.
• Hedera (HBAR) traded 4.3% lower against the dollar and now trades at $0.0487 or 0.00000085 BTC.
• Cosmos (ATOM) traded down 8.6% against the dollar and now trades at $4.06 or 0.00007086 BTC.
• Fetch.ai (FET) traded 9.4% lower against the dollar and now trades at $1.13 or 0.00001967 BTC.
• Algorand (ALGO) traded down 5.2% against the dollar and now trades at $0.12 or 0.00000207 BTC.

Cardano Coin 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 37,170,426,658 coins and its circulating supply is 35,960,643,044 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. 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. 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.”

Cardano Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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