Cardano (ADA) Market Capitalization Tops $12.20 Billion

Cardano (ADA) traded 2.3% lower against the U.S. dollar during the 24 hour period ending at 19:00 PM ET on November 2nd. Cardano has a total market cap of $12.20 billion and $238.94 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be bought for about $0.35 or 0.00000502 BTC on cryptocurrency exchanges. During the last week, Cardano has traded up 4.6% against the U.S. dollar.

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

• Ethereum (ETH) traded down 0.7% against the dollar and now trades at $2,493.32 or 0.03589030 BTC.
• Avalanche (AVAX) traded down 2.5% against the dollar and now trades at $24.14 or 0.00034752 BTC.
• NEAR Protocol (NEAR) traded 2.6% lower against the dollar and now trades at $3.79 or 0.00005459 BTC.
• Uniswap (UNI) traded 2.6% lower against the dollar and now trades at $7.34 or 0.00010572 BTC.
• Internet Computer (ICP) traded down 3.5% against the dollar and now trades at $7.54 or 0.00010848 BTC.
• Fetch.ai (FET) traded down 3.1% against the dollar and now trades at $1.19 or 0.00001717 BTC.
• Cronos (CRO) traded 1% lower against the dollar and now trades at $0.0723 or 0.00000104 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.0449 or 0.00000065 BTC.
• Cosmos (ATOM) traded 1.2% lower against the dollar and now trades at $4.09 or 0.00005894 BTC.
• Algorand (ALGO) traded down 0.3% against the dollar and now trades at $0.11 or 0.00000163 BTC.

About Cardano

Cardano 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 44,995,106,473 coins and its circulating supply is 34,995,041,872 coins. Cardano’s official website 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. The official message board for Cardano is medium.com/feed/cardanorss. 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.”

Cardano Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView