Cardano (ADA) Market Cap Reaches $12.29 Billion

Cardano (ADA) traded 0.9% higher against the dollar during the twenty-four hour period ending at 18:00 PM E.T. on October 19th. During the last week, Cardano has traded 0.5% lower against the dollar. One Cardano coin can currently be bought for about $0.35 or 0.00000515 BTC on exchanges. Cardano has a market cap of $12.29 billion and $166.74 million worth of Cardano was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded up 0% against the dollar and now trades at $2,647.02 or 0.03876971 BTC.
• Avalanche (AVAX) traded 0.8% higher against the dollar and now trades at $28.07 or 0.00041120 BTC.
• NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $4.81 or 0.00007047 BTC.
• Uniswap (UNI) traded down 0.5% against the dollar and now trades at $7.36 or 0.00010774 BTC.
• Internet Computer (ICP) traded up 0.9% against the dollar and now trades at $8.06 or 0.00011809 BTC.
• Cronos (CRO) traded 0.3% higher against the dollar and now trades at $0.0781 or 0.00000114 BTC.
• Hedera (HBAR) traded up 2.5% against the dollar and now trades at $0.0531 or 0.00000078 BTC.
• Cosmos (ATOM) traded up 3.6% against the dollar and now trades at $4.47 or 0.00006553 BTC.
• Fetch.ai (FET) traded down 1.6% against the dollar and now trades at $1.41 or 0.00002062 BTC.
• Algorand (ALGO) traded 0.7% higher against the dollar and now trades at $0.12 or 0.00000180 BTC.

Cardano Coin Profile

ADA 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 44,995,138,227 coins and its circulating supply is 34,974,248,104 coins. 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 website is www.cardano.org. 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 buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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