Cardano Reaches Market Capitalization of $11.86 Billion (ADA)

Cardano (ADA) traded 2.1% higher against the dollar during the 1 day period ending at 17:00 PM ET on October 27th. Cardano has a market cap of $11.86 billion and approximately $148.31 million worth of Cardano was traded on exchanges in the last 24 hours. One Cardano coin can currently be bought for $0.34 or 0.00000501 BTC on popular cryptocurrency exchanges. Over the last week, Cardano has traded 6.3% lower against the dollar.

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

• Ethereum (ETH) traded up 0.1% against the dollar and now trades at $2,489.73 or 0.03677752 BTC.
• Avalanche (AVAX) traded up 0.5% against the dollar and now trades at $25.61 or 0.00037823 BTC.
• NEAR Protocol (NEAR) traded up 1.3% against the dollar and now trades at $4.30 or 0.00006350 BTC.
• Uniswap (UNI) traded up 0.6% against the dollar and now trades at $7.47 or 0.00011031 BTC.
• Internet Computer (ICP) traded down 0% against the dollar and now trades at $7.82 or 0.00011552 BTC.
• Cronos (CRO) traded 1.6% higher against the dollar and now trades at $0.0742 or 0.00000110 BTC.
• Hedera (HBAR) traded 1.5% higher against the dollar and now trades at $0.0489 or 0.00000072 BTC.
• Cosmos (ATOM) traded 0.1% higher against the dollar and now trades at $4.37 or 0.00006462 BTC.
• Fetch.ai (FET) traded up 1.8% against the dollar and now trades at $1.26 or 0.00001861 BTC.
• Algorand (ALGO) traded 1.4% higher against the dollar and now trades at $0.12 or 0.00000171 BTC.

Cardano Coin 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 44,995,214,671 coins and its circulating supply is 34,986,894,173 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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.”

Buying and Selling Cardano

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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView