Cardano (ADA) Hits Market Capitalization of $16.35 Billion

Cardano (ADA) traded down 0.3% against the US dollar during the 1 day period ending at 16:00 PM E.T. on May 26th. In the last week, Cardano has traded 2.5% lower against the US dollar. One Cardano coin can now be bought for approximately $0.46 or 0.00000667 BTC on major exchanges. Cardano has a market capitalization of $16.35 billion and $216.89 million worth of Cardano was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded up 2.9% against the dollar and now trades at $3,856.08 or 0.05613571 BTC.
• Avalanche (AVAX) traded 2.9% lower against the dollar and now trades at $36.81 or 0.00053591 BTC.
• NEAR Protocol (NEAR) traded 3.2% lower against the dollar and now trades at $7.85 or 0.00011426 BTC.
• Uniswap (UNI) traded up 2.8% against the dollar and now trades at $11.34 or 0.00016506 BTC.
• Internet Computer (ICP) traded 1.5% lower against the dollar and now trades at $12.07 or 0.00017566 BTC.
• Hedera (HBAR) traded down 1.7% against the dollar and now trades at $0.11 or 0.00000155 BTC.
• Cosmos (ATOM) traded 1.1% lower against the dollar and now trades at $8.37 or 0.00012179 BTC.
• Cronos (CRO) traded down 1.9% against the dollar and now trades at $0.12 or 0.00000172 BTC.
• Fetch.ai (FET) traded down 2.9% against the dollar and now trades at $2.23 or 0.00003240 BTC.
• Algorand (ALGO) traded 3% lower against the dollar and now trades at $0.19 or 0.00000275 BTC.

Cardano Coin Profile

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 36,911,562,081 coins and its circulating supply is 35,689,168,054 coins. The official website for Cardano 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.”

Cardano Coin Trading

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

ADA/USD price chart by TradingView