Cardano Achieves Market Capitalization of $13.15 Billion (ADA)

Cardano (ADA) traded 2% lower against the US dollar during the 1-day period ending at 12:00 PM ET on August 2nd. Cardano has a market capitalization of $13.15 billion and approximately $403.70 million worth of Cardano was traded on exchanges in the last day. Over the last week, Cardano has traded 11.8% lower against the US dollar. One Cardano coin can currently be purchased for approximately $0.37 or 0.00000578 BTC on cryptocurrency exchanges.

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

• Ethereum (ETH) traded 2.1% lower against the dollar and now trades at $3,032.88 or 0.04786004 BTC.
• Avalanche (AVAX) traded 1% lower against the dollar and now trades at $24.08 or 0.00037998 BTC.
• NEAR Protocol (NEAR) traded down 0.5% against the dollar and now trades at $4.73 or 0.00007469 BTC.
• Internet Computer (ICP) traded 1.8% higher against the dollar and now trades at $8.73 or 0.00013772 BTC.
• Uniswap (UNI) traded down 4.2% against the dollar and now trades at $6.67 or 0.00010524 BTC.
• Cronos (CRO) traded down 0.7% against the dollar and now trades at $0.0837 or 0.00000132 BTC.
• Hedera (HBAR) traded up 0.6% against the dollar and now trades at $0.0601 or 0.00000095 BTC.
• Cosmos (ATOM) traded down 4% against the dollar and now trades at $5.34 or 0.00008422 BTC.
• Fetch.ai (FET) traded up 3.3% against the dollar and now trades at $1.12 or 0.00001766 BTC.
• Algorand (ALGO) traded 0.7% lower against the dollar and now trades at $0.13 or 0.00000200 BTC.

Cardano Profile

Cardano 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 37,089,410,846 coins and its circulating supply is 35,916,688,950 coins. Cardano’s official message board is medium.com/feed/cardanorss. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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