Cardano Reaches Market Capitalization of $24.94 Billion (ADA)

Cardano (ADA) traded down 5.3% against the U.S. dollar during the 1-day period ending at 22:00 PM ET on March 10th. One Cardano coin can now be bought for $0.70 or 0.00001024 BTC on popular cryptocurrency exchanges. Over the last week, Cardano has traded down 6.3% against the U.S. dollar. Cardano has a total market cap of $24.94 billion and $712.26 million worth of Cardano was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Ethereum (ETH) traded down 2.5% against the dollar and now trades at $3,838.78 or 0.05605418 BTC.
  • Avalanche (AVAX) traded down 5.1% against the dollar and now trades at $41.09 or 0.00059997 BTC.
  • Uniswap (UNI) traded down 1.8% against the dollar and now trades at $14.09 or 0.00020575 BTC.
  • NEAR Protocol (NEAR) traded 0.9% higher against the dollar and now trades at $6.22 or 0.00009088 BTC.
  • Internet Computer (ICP) traded 5.6% lower against the dollar and now trades at $13.86 or 0.00020239 BTC.
  • Cosmos (ATOM) traded 3.1% lower against the dollar and now trades at $13.01 or 0.00019004 BTC.
  • Cronos (CRO) traded 3.8% lower against the dollar and now trades at $0.16 or 0.00000234 BTC.
  • Hedera (HBAR) traded 6.6% lower against the dollar and now trades at $0.12 or 0.00000180 BTC.
  • Fetch.ai (FET) traded 7.9% lower against the dollar and now trades at $2.74 or 0.00004006 BTC.
  • Algorand (ALGO) traded 4.4% lower against the dollar and now trades at $0.26 or 0.00000376 BTC.

Cardano Coin Profile

Cardano (ADA) is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. It was first traded on September 1st, 2017. Cardano’s total supply is 36,700,287,536 coins and its circulating supply is 35,550,866,240 coins. Cardano’s official website is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible here. 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.

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 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cardano using one of the exchanges listed above.

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