Cardano Market Capitalization Reaches $17.49 Billion (ADA)

Cardano (ADA) traded 3.4% lower against the U.S. dollar during the one day period ending at 19:00 PM ET on February 4th. Cardano has a total market cap of $17.49 billion and approximately $236.99 million worth of Cardano was traded on exchanges in the last 24 hours. During the last week, Cardano has traded 1.2% higher against the U.S. dollar. One Cardano coin can currently be bought for $0.49 or 0.00001160 BTC on cryptocurrency exchanges.

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

  • Ethereum (ETH) traded down 0.2% against the dollar and now trades at $2,288.54 or 0.05376009 BTC.
  • Avalanche (AVAX) traded down 2.8% against the dollar and now trades at $34.81 or 0.00081771 BTC.
  • Internet Computer (ICP) traded up 0.8% against the dollar and now trades at $12.76 or 0.00029976 BTC.
  • Uniswap (UNI) traded 1.7% lower against the dollar and now trades at $5.99 or 0.00014060 BTC.
  • Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $8.96 or 0.00021058 BTC.
  • NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $2.76 or 0.00006495 BTC.
  • Hedera (HBAR) traded down 0.7% against the dollar and now trades at $0.0684 or 0.00000161 BTC.
  • Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.0804 or 0.00000189 BTC.
  • Algorand (ALGO) traded 3.5% lower against the dollar and now trades at $0.16 or 0.00000373 BTC.
  • Oasis Network (ROSE) traded down 1.8% against the dollar and now trades at $0.12 or 0.00000270 BTC.

About Cardano

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It launched on September 1st, 2017. Cardano’s total supply is 36,599,737,146 coins and its circulating supply is 35,432,702,820 coins. 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. The official website for Cardano is www.cardano.org.

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 trade Cardano should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the aforementioned exchanges.

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