Cardano (ADA) Market Cap Hits $12.51 Billion

Cardano (ADA) traded 8.3% higher against the US dollar during the 1 day period ending at 23:00 PM Eastern on November 5th. One Cardano coin can currently be bought for approximately $0.36 or 0.00000481 BTC on major cryptocurrency exchanges. Over the last week, Cardano has traded 0.5% lower against the US dollar. Cardano has a total market capitalization of $12.51 billion and $367.48 million worth of Cardano was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 6.6% higher against the dollar and now trades at $2,578.58 or 0.03469862 BTC.
• Avalanche (AVAX) traded up 14.7% against the dollar and now trades at $26.17 or 0.00035211 BTC.
• NEAR Protocol (NEAR) traded up 14.3% against the dollar and now trades at $4.18 or 0.00005627 BTC.
• Uniswap (UNI) traded 19.1% higher against the dollar and now trades at $8.16 or 0.00010978 BTC.
• Internet Computer (ICP) traded up 10.8% against the dollar and now trades at $7.86 or 0.00010572 BTC.
• Fetch.ai (FET) traded 17.3% higher against the dollar and now trades at $1.33 or 0.00001790 BTC.
• Cronos (CRO) traded up 12.7% against the dollar and now trades at $0.0802 or 0.00000108 BTC.
• Hedera (HBAR) traded 13.6% higher against the dollar and now trades at $0.0490 or 0.00000066 BTC.
• Cosmos (ATOM) traded 10.7% higher against the dollar and now trades at $4.39 or 0.00005909 BTC.
• Algorand (ALGO) traded 7.5% higher against the dollar and now trades at $0.12 or 0.00000162 BTC.

Cardano Coin 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 44,994,999,105 coins and its circulating supply is 35,002,992,146 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. Cardano’s official website is www.cardano.org. The official message board for Cardano is medium.com/feed/cardanorss.

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 US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView