Cardano (ADA) Reaches Market Capitalization of $15.28 Billion

Cardano (ADA) traded down 3.9% against the U.S. dollar during the one day period ending at 22:00 PM E.T. on April 18th. One Cardano coin can now be bought for $0.43 or 0.00000713 BTC on popular cryptocurrency exchanges. Over the last seven days, Cardano has traded 27.4% lower against the U.S. dollar. Cardano has a market capitalization of $15.28 billion and $434.51 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded 3% lower against the dollar and now trades at $2,904.27 or 0.04826114 BTC.
• Avalanche (AVAX) traded down 4% against the dollar and now trades at $32.39 or 0.00053819 BTC.
• NEAR Protocol (NEAR) traded 1% lower against the dollar and now trades at $5.31 or 0.00008825 BTC.
• Internet Computer (ICP) traded 0.2% higher against the dollar and now trades at $11.96 or 0.00019872 BTC.
• Uniswap (UNI) traded down 2.3% against the dollar and now trades at $6.81 or 0.00011311 BTC.
• Cronos (CRO) traded down 5.3% against the dollar and now trades at $0.12 or 0.00000192 BTC.
• Cosmos (ATOM) traded 4.6% lower against the dollar and now trades at $7.70 or 0.00012799 BTC.
• Hedera (HBAR) traded 2.1% lower against the dollar and now trades at $0.0772 or 0.00000128 BTC.
• Fetch.ai (FET) traded 4.2% lower against the dollar and now trades at $1.89 or 0.00003136 BTC.
• Algorand (ALGO) traded 4.2% lower against the dollar and now trades at $0.16 or 0.00000269 BTC.

About Cardano

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 36,798,870,281 coins and its circulating supply is 35,624,680,360 coins. Cardano’s official website is www.cardano.org. 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 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 currently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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