Cardano (ADA) Reaches Market Capitalization of $13.87 Billion

Cardano (ADA) traded down 1.5% against the U.S. dollar during the 24-hour period ending at 17:00 PM Eastern on June 26th. One Cardano coin can currently be purchased for about $0.39 or 0.00000638 BTC on major exchanges. Cardano has a total market capitalization of $13.87 billion and approximately $254.81 million worth of Cardano was traded on exchanges in the last day. In the last week, Cardano has traded up 0.6% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded down 1% against the dollar and now trades at $3,381.13 or 0.05557231 BTC.
• Avalanche (AVAX) traded up 3% against the dollar and now trades at $26.23 or 0.00043104 BTC.
• NEAR Protocol (NEAR) traded down 4.7% against the dollar and now trades at $5.22 or 0.00008573 BTC.
• Uniswap (UNI) traded 0.2% lower against the dollar and now trades at $9.49 or 0.00015591 BTC.
• Internet Computer (ICP) traded down 1.7% against the dollar and now trades at $8.17 or 0.00013427 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0757 or 0.00000124 BTC.
• Cosmos (ATOM) traded down 2.4% against the dollar and now trades at $6.80 or 0.00011185 BTC.
• Cronos (CRO) traded 6.1% lower against the dollar and now trades at $0.0890 or 0.00000146 BTC.
• Fetch.ai (FET) traded 11% higher against the dollar and now trades at $1.76 or 0.00002900 BTC.
• Algorand (ALGO) traded down 0.5% against the dollar and now trades at $0.14 or 0.00000231 BTC.

Cardano Coin Profile

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 36,994,116,265 coins and its circulating supply is 35,746,472,310 coins. 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. The official website for Cardano 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.

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.”

Buying and Selling Cardano

It is usually not currently 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, Changelly or GDAX. 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