Cardano Hits Self Reported Market Capitalization of $10.58 Billion (ADA)

Cardano (ADA) traded up 9% against the dollar during the one day period ending at 8:00 AM E.T. on February 25th. Over the last seven days, Cardano has traded down 1.1% against the dollar. One Cardano coin can currently be bought for $0.28 or 0.00000421 BTC on popular exchanges. Cardano has a market cap of $10.58 billion and $461.46 million worth of Cardano was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded 8.4% higher against the dollar and now trades at $1,961.57 or 0.02963944 BTC.
• Cronos (CRO) traded 4% higher against the dollar and now trades at $0.0768 or 0.00000116 BTC.
• Hedera (HBAR) traded 7.5% higher against the dollar and now trades at $0.10 or 0.00000151 BTC.
• Avalanche (AVAX) traded 14.9% higher against the dollar and now trades at $9.47 or 0.00014302 BTC.
• Uniswap (UNI) traded up 14.3% against the dollar and now trades at $3.75 or 0.00005665 BTC.
• NEAR Protocol (NEAR) traded up 11.7% against the dollar and now trades at $1.08 or 0.00001634 BTC.
• Internet Computer (ICP) traded up 7.6% against the dollar and now trades at $2.21 or 0.00003340 BTC.
• Cosmos (ATOM) traded 3.2% higher against the dollar and now trades at $2.09 or 0.00003159 BTC.
• Algorand (ALGO) traded up 6.4% against the dollar and now trades at $0.0886 or 0.00000134 BTC.
• Beldex (BDX) traded up 0.6% against the dollar and now trades at $0.0805 or 0.00000122 BTC.

Cardano Profile

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 44,994,843,280 coins and its circulating supply is 37,997,904,336 coins. 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. The official message board for Cardano is cardano.org/news/atom.xml.

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 US dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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