Cardano (ADA) Market Capitalization Tops $12.61 Billion

Cardano (ADA) traded up 5.1% against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on September 18th. During the last week, Cardano has traded 1.8% lower against the U.S. dollar. One Cardano coin can now be purchased for $0.35 or 0.00000565 BTC on major cryptocurrency exchanges. Cardano has a market capitalization of $12.61 billion and $288.79 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded 2.7% higher against the dollar and now trades at $2,391.65 or 0.03854123 BTC.
• Avalanche (AVAX) traded 9.7% higher against the dollar and now trades at $25.98 or 0.00041867 BTC.
• NEAR Protocol (NEAR) traded up 10.3% against the dollar and now trades at $4.49 or 0.00007235 BTC.
• Uniswap (UNI) traded up 1.6% against the dollar and now trades at $6.79 or 0.00010950 BTC.
• Internet Computer (ICP) traded up 6.6% against the dollar and now trades at $8.33 or 0.00013417 BTC.
• Cronos (CRO) traded up 1.8% against the dollar and now trades at $0.0812 or 0.00000131 BTC.
• Hedera (HBAR) traded 4.3% higher against the dollar and now trades at $0.0517 or 0.00000083 BTC.
• Cosmos (ATOM) traded up 5.6% against the dollar and now trades at $4.41 or 0.00007100 BTC.
• Fetch.ai (FET) traded up 9% against the dollar and now trades at $1.46 or 0.00002359 BTC.
• Algorand (ALGO) traded 5.1% higher against the dollar and now trades at $0.13 or 0.00000209 BTC.

Cardano Coin Profile

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. 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 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 acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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