Cardano Market Cap Achieves $16.63 Billion (ADA)

Cardano (ADA) traded 4.9% lower against the dollar during the 24 hour period ending at 10:00 AM ET on April 25th. One Cardano coin can now be purchased for approximately $0.47 or 0.00000736 BTC on cryptocurrency exchanges. During the last seven days, Cardano has traded up 4.6% against the dollar. Cardano has a market capitalization of $16.63 billion and approximately $454.91 million worth of Cardano was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Ethereum (ETH) traded 3.9% lower against the dollar and now trades at $3,113.49 or 0.04914483 BTC.
• Avalanche (AVAX) traded down 8.4% against the dollar and now trades at $35.10 or 0.00055400 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $6.81 or 0.00010750 BTC.
• Internet Computer (ICP) traded down 7.4% against the dollar and now trades at $13.41 or 0.00021159 BTC.
• Uniswap (UNI) traded down 3.6% against the dollar and now trades at $7.71 or 0.00012176 BTC.
• Hedera (HBAR) traded 10.2% lower against the dollar and now trades at $0.12 or 0.00000186 BTC.
• Cronos (CRO) traded down 3.4% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 4.7% against the dollar and now trades at $8.29 or 0.00013080 BTC.
• Fetch.ai (FET) traded down 10.1% against the dollar and now trades at $2.27 or 0.00003585 BTC.
• Algorand (ALGO) traded 10.3% lower against the dollar and now trades at $0.20 or 0.00000314 BTC.

About 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 36,827,102,021 coins and its circulating supply is 35,633,911,195 coins. The official website for Cardano is www.cardano.org. 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. 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.”

Cardano Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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