Cardano Market Cap Achieves $12.24 Billion (ADA)

Cardano (ADA) traded down 3.8% against the U.S. dollar during the 1-day period ending at 20:00 PM ET on October 23rd. Cardano has a market capitalization of $12.24 billion and approximately $294.10 million worth of Cardano was traded on exchanges in the last 24 hours. Over the last week, Cardano has traded down 0.8% against the U.S. dollar. One Cardano coin can now be bought for approximately $0.35 or 0.00000525 BTC on exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded down 3.7% against the dollar and now trades at $2,522.58 or 0.03782887 BTC.
• Avalanche (AVAX) traded down 3% against the dollar and now trades at $26.76 or 0.00040132 BTC.
• NEAR Protocol (NEAR) traded down 0.5% against the dollar and now trades at $4.66 or 0.00006982 BTC.
• Uniswap (UNI) traded down 1.7% against the dollar and now trades at $7.86 or 0.00011792 BTC.
• Internet Computer (ICP) traded 2.7% higher against the dollar and now trades at $8.16 or 0.00012236 BTC.
• Cronos (CRO) traded down 1.7% against the dollar and now trades at $0.0758 or 0.00000114 BTC.
• Hedera (HBAR) traded 2.2% lower against the dollar and now trades at $0.0514 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 3.3% against the dollar and now trades at $4.63 or 0.00006946 BTC.
• Fetch.ai (FET) traded down 2.1% against the dollar and now trades at $1.32 or 0.00001986 BTC.
• Algorand (ALGO) traded down 2.4% against the dollar and now trades at $0.12 or 0.00000182 BTC.

About Cardano

ADA is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its launch date was September 1st, 2017. Cardano’s total supply is 44,995,121,858 coins and its circulating supply is 34,980,974,700 coins. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. The official message board for Cardano is medium.com/feed/cardanorss. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. 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.”

Buying and Selling Cardano

It is usually not currently 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