Cardano Market Cap Reaches $12.09 Billion (ADA)

Cardano (ADA) traded 3.4% higher against the U.S. dollar during the twenty-four hour period ending at 13:00 PM E.T. on September 8th. During the last week, Cardano has traded down 0.8% against the U.S. dollar. Cardano has a market cap of $12.09 billion and $193.42 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be bought for $0.34 or 0.00000621 BTC on major exchanges.

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

• Ethereum (ETH) traded 1.3% lower against the dollar and now trades at $2,259.54 or 0.04175779 BTC.
• Avalanche (AVAX) traded up 3.9% against the dollar and now trades at $22.64 or 0.00041843 BTC.
• NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $3.69 or 0.00006823 BTC.
• Uniswap (UNI) traded down 2.8% against the dollar and now trades at $6.29 or 0.00011629 BTC.
• Internet Computer (ICP) traded 2.6% higher against the dollar and now trades at $7.27 or 0.00013437 BTC.
• Cronos (CRO) traded 1% higher against the dollar and now trades at $0.0775 or 0.00000143 BTC.
• Hedera (HBAR) traded 1.1% higher against the dollar and now trades at $0.0490 or 0.00000091 BTC.
• Cosmos (ATOM) traded 1.8% higher against the dollar and now trades at $3.75 or 0.00006928 BTC.
• Fetch.ai (FET) traded up 0.4% against the dollar and now trades at $1.07 or 0.00001985 BTC.
• Algorand (ALGO) traded up 2.3% against the dollar and now trades at $0.12 or 0.00000230 BTC.

Cardano Profile

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched 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 message board 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. 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 possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView