Cardano Market Capitalization Achieves $14.96 Billion (ADA)

Cardano (ADA) traded 0.1% lower against the US dollar during the 1 day period ending at 20:00 PM Eastern on July 27th. In the last seven days, Cardano has traded down 4.8% against the US dollar. Cardano has a market capitalization of $14.96 billion and approximately $427.72 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be purchased for $0.42 or 0.00000618 BTC on popular cryptocurrency exchanges.

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

• Ethereum (ETH) traded 1% lower against the dollar and now trades at $3,236.84 or 0.04805346 BTC.
• Avalanche (AVAX) traded down 2.6% against the dollar and now trades at $27.92 or 0.00041456 BTC.
• NEAR Protocol (NEAR) traded down 1.4% against the dollar and now trades at $5.64 or 0.00008373 BTC.
• Uniswap (UNI) traded 0.4% lower against the dollar and now trades at $7.65 or 0.00011350 BTC.
• Internet Computer (ICP) traded down 0.7% against the dollar and now trades at $9.61 or 0.00014265 BTC.
• Cosmos (ATOM) traded 2.4% higher against the dollar and now trades at $6.32 or 0.00009388 BTC.
• Hedera (HBAR) traded up 0.2% against the dollar and now trades at $0.0685 or 0.00000102 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.0906 or 0.00000134 BTC.
• Fetch.ai (FET) traded 1% lower against the dollar and now trades at $1.27 or 0.00001879 BTC.
• Algorand (ALGO) traded down 0.1% against the dollar and now trades at $0.14 or 0.00000211 BTC.

About Cardano

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 37,075,829,454 coins and its circulating supply is 35,907,788,601 coins. Cardano’s official website is www.cardano.org. Cardano’s official message board 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. 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 presently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView