Cardano Achieves Market Capitalization of $25.93 Billion (ADA)

Cardano (ADA) traded up 1.9% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on November 18th. One Cardano coin can now be bought for about $0.74 or 0.00000818 BTC on cryptocurrency exchanges. Cardano has a total market cap of $25.93 billion and approximately $2.19 billion worth of Cardano was traded on exchanges in the last 24 hours. During the last week, Cardano has traded up 24.6% against the US dollar.

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

• Ethereum (ETH) traded up 0% against the dollar and now trades at $3,086.25 or 0.03410026 BTC.
• Avalanche (AVAX) traded 4% lower against the dollar and now trades at $34.96 or 0.00038623 BTC.
• NEAR Protocol (NEAR) traded 0.5% higher against the dollar and now trades at $5.92 or 0.00006545 BTC.
• Uniswap (UNI) traded up 2% against the dollar and now trades at $9.06 or 0.00010008 BTC.
• Cronos (CRO) traded up 10.2% against the dollar and now trades at $0.17 or 0.00000193 BTC.
• Hedera (HBAR) traded up 37% against the dollar and now trades at $0.12 or 0.00000134 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $9.22 or 0.00010187 BTC.
• Fetch.ai (FET) traded up 0.9% against the dollar and now trades at $1.29 or 0.00001427 BTC.
• Cosmos (ATOM) traded 6% higher against the dollar and now trades at $6.16 or 0.00006807 BTC.
• Algorand (ALGO) traded 12.6% higher against the dollar and now trades at $0.21 or 0.00000237 BTC.

Cardano Profile

Cardano (CRYPTO:ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 44,995,037,804 coins and its circulating supply is 35,033,776,787 coins. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. Cardano’s official website is www.cardano.org. The Reddit community for Cardano is https://reddit.com/r/cardano and the currency’s Github account can be viewed here. Cardano’s official message board is medium.com/feed/cardanorss.

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 possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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