Cardano Achieves Market Cap of $12.80 Billion (ADA)

Cardano (ADA) traded 0.3% higher against the dollar during the 1 day period ending at 0:00 AM ET on August 29th. One Cardano coin can now be bought for about $0.36 or 0.00000603 BTC on cryptocurrency exchanges. Cardano has a market capitalization of $12.80 billion and approximately $273.01 million worth of Cardano was traded on exchanges in the last day. During the last week, Cardano has traded down 5.1% against the dollar.

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

• Ethereum (ETH) traded 0.3% lower against the dollar and now trades at $2,519.25 or 0.04265525 BTC.
• Avalanche (AVAX) traded down 2.2% against the dollar and now trades at $23.00 or 0.00038942 BTC.
• NEAR Protocol (NEAR) traded down 3% against the dollar and now trades at $4.21 or 0.00007126 BTC.
• Internet Computer (ICP) traded up 0.2% against the dollar and now trades at $7.80 or 0.00013211 BTC.
• Uniswap (UNI) traded up 0.6% against the dollar and now trades at $5.81 or 0.00009841 BTC.
• Cronos (CRO) traded down 1.7% against the dollar and now trades at $0.0801 or 0.00000136 BTC.
• Hedera (HBAR) traded down 0.7% against the dollar and now trades at $0.0510 or 0.00000086 BTC.
• Cosmos (ATOM) traded 1.4% lower against the dollar and now trades at $4.57 or 0.00007736 BTC.
• Fetch.ai (FET) traded 6.3% lower against the dollar and now trades at $1.12 or 0.00001892 BTC.
• Algorand (ALGO) traded 0.7% lower against the dollar and now trades at $0.13 or 0.00000215 BTC.

Cardano Profile

Cardano (CRYPTO: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. Cardano’s official website is www.cardano.org. Cardano’s official message board 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 purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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