Cardano Reaches Market Capitalization of $32.83 Billion (ADA)

Cardano (ADA) traded 1% lower against the US dollar during the 24 hour period ending at 11:00 AM E.T. on March 6th. One Cardano coin can now be bought for approximately $0.93 or 0.00001027 BTC on major cryptocurrency exchanges. Over the last week, Cardano has traded up 39.9% against the US dollar. Cardano has a market cap of $32.83 billion and approximately $2.83 billion worth of Cardano was traded on exchanges in the last day.

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

• Ethereum (ETH) traded 3.3% higher against the dollar and now trades at $2,256.95 or 0.02485635 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.24 or 0.00000267 BTC.
• Avalanche (AVAX) traded 7.5% higher against the dollar and now trades at $21.94 or 0.00024164 BTC.
• Uniswap (UNI) traded up 0.1% against the dollar and now trades at $7.33 or 0.00008075 BTC.
• NEAR Protocol (NEAR) traded 12.9% higher against the dollar and now trades at $3.22 or 0.00003545 BTC.
• Internet Computer (ICP) traded 3.2% higher against the dollar and now trades at $6.32 or 0.00006964 BTC.
• Cronos (CRO) traded up 18.3% against the dollar and now trades at $0.0918 or 0.00000101 BTC.
• Algorand (ALGO) traded up 2.1% against the dollar and now trades at $0.25 or 0.00000274 BTC.
• Cosmos (ATOM) traded 5% higher against the dollar and now trades at $4.40 or 0.00004842 BTC.
• Fetch.ai (FET) traded up 9.4% against the dollar and now trades at $0.65 or 0.00000714 BTC.

Cardano Profile

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 44,994,911,756 coins and its circulating supply is 35,224,212,741 coins. Cardano’s official message board is medium.com/feed/cardanorss. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. 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.”

Cardano Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView