Cardano Market Capitalization Tops $11.62 Billion (ADA)

Cardano (ADA) traded 0.9% higher against the dollar during the 24 hour period ending at 22:00 PM Eastern on October 26th. During the last week, Cardano has traded 5.4% lower against the dollar. One Cardano coin can now be bought for about $0.33 or 0.00000496 BTC on popular cryptocurrency exchanges. Cardano has a market cap of $11.62 billion and $203.41 million worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 1.4% higher against the dollar and now trades at $2,472.68 or 0.03692099 BTC.
• Avalanche (AVAX) traded up 1.4% against the dollar and now trades at $25.35 or 0.00037858 BTC.
• NEAR Protocol (NEAR) traded up 0.5% against the dollar and now trades at $4.22 or 0.00006299 BTC.
• Uniswap (UNI) traded 2.4% lower against the dollar and now trades at $7.43 or 0.00011091 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $7.68 or 0.00011467 BTC.
• Cronos (CRO) traded up 0.8% against the dollar and now trades at $0.0733 or 0.00000109 BTC.
• Hedera (HBAR) traded up 0.6% against the dollar and now trades at $0.0481 or 0.00000072 BTC.
• Cosmos (ATOM) traded 2.3% lower against the dollar and now trades at $4.34 or 0.00006482 BTC.
• Fetch.ai (FET) traded 2.3% higher against the dollar and now trades at $1.23 or 0.00001841 BTC.
• Algorand (ALGO) traded up 0% against the dollar and now trades at $0.11 or 0.00000171 BTC.

About Cardano

Cardano (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 44,995,214,671 coins and its circulating supply is 34,986,894,173 coins. The official message board for Cardano 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. The official website for Cardano is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here.

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 currently possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cardano using one of the exchanges listed above.

ADA/USD price chart by TradingView