Cardano (ADA) Market Cap Hits $12.51 Billion

Cardano (ADA) traded up 8.3% against the dollar during the twenty-four hour period ending at 23:00 PM ET on November 5th. Cardano has a market capitalization of $12.51 billion and $367.48 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be bought for approximately $0.36 or 0.00000481 BTC on major cryptocurrency exchanges. Over the last seven days, Cardano has traded down 0.5% against the dollar.

Here is how related cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded 6.6% higher against the dollar and now trades at $2,578.58 or 0.03469862 BTC.
• Avalanche (AVAX) traded up 14.7% against the dollar and now trades at $26.17 or 0.00035211 BTC.
• NEAR Protocol (NEAR) traded 14.3% higher against the dollar and now trades at $4.18 or 0.00005627 BTC.
• Uniswap (UNI) traded 19.1% higher against the dollar and now trades at $8.16 or 0.00010978 BTC.
• Internet Computer (ICP) traded 10.8% higher against the dollar and now trades at $7.86 or 0.00010572 BTC.
• Fetch.ai (FET) traded up 17.3% against the dollar and now trades at $1.33 or 0.00001790 BTC.
• Cronos (CRO) traded up 12.7% against the dollar and now trades at $0.0802 or 0.00000108 BTC.
• Hedera (HBAR) traded 13.6% higher against the dollar and now trades at $0.0490 or 0.00000066 BTC.
• Cosmos (ATOM) traded 10.7% higher against the dollar and now trades at $4.39 or 0.00005909 BTC.
• Algorand (ALGO) traded 7.5% higher against the dollar and now trades at $0.12 or 0.00000162 BTC.

Cardano Profile

Cardano (CRYPTO: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 44,994,999,105 coins and its circulating supply is 35,002,992,146 coins. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. 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.

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

ADA/USD price chart by TradingView