Cardano (ADA) Achieves Market Cap of $27.03 Billion

Cardano (ADA) traded down 4.3% against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on February 22nd. During the last week, Cardano has traded down 2% against the U.S. dollar. One Cardano coin can now be purchased for $0.77 or 0.00000795 BTC on major exchanges. Cardano has a total market cap of $27.03 billion and $908.80 million worth of Cardano was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded down 1.9% against the dollar and now trades at $2,738.64 or 0.02836080 BTC.
• Avalanche (AVAX) traded down 1.6% against the dollar and now trades at $25.56 or 0.00026471 BTC.
• Hedera (HBAR) traded 4.2% lower against the dollar and now trades at $0.21 or 0.00000222 BTC.
• Uniswap (UNI) traded 5.7% lower against the dollar and now trades at $8.90 or 0.00009214 BTC.
• NEAR Protocol (NEAR) traded 1.2% lower against the dollar and now trades at $3.53 or 0.00003653 BTC.
• Internet Computer (ICP) traded 3.1% lower against the dollar and now trades at $7.13 or 0.00007380 BTC.
• Cronos (CRO) traded 1.6% lower against the dollar and now trades at $0.0854 or 0.00000088 BTC.
• Algorand (ALGO) traded 6.2% lower against the dollar and now trades at $0.27 or 0.00000275 BTC.
• Cosmos (ATOM) traded down 3.7% against the dollar and now trades at $4.83 or 0.00005004 BTC.
• Fetch.ai (FET) traded 1.7% lower against the dollar and now trades at $0.79 or 0.00000818 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 44,994,955,923 coins and its circulating supply is 35,204,786,637 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 message board is medium.com/feed/cardanorss. Cardano’s official website 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 acquire Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView