Cardano Market Capitalization Tops $24.51 Billion (ADA)

Cardano (ADA) traded 9.5% lower against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on March 10th. One Cardano coin can currently be bought for approximately $0.70 or 0.00000870 BTC on exchanges. Cardano has a total market cap of $24.51 billion and $1.97 billion worth of Cardano was traded on exchanges in the last day. During the last seven days, Cardano has traded 26.9% lower against the U.S. dollar.

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

• Ethereum (ETH) traded down 4.4% against the dollar and now trades at $2,023.46 or 0.02530611 BTC.
• Hedera (HBAR) traded 5.1% lower against the dollar and now trades at $0.20 or 0.00000251 BTC.
• Avalanche (AVAX) traded 9.2% lower against the dollar and now trades at $17.63 or 0.00022043 BTC.
• Uniswap (UNI) traded down 6.1% against the dollar and now trades at $6.39 or 0.00007996 BTC.
• NEAR Protocol (NEAR) traded 10.4% lower against the dollar and now trades at $2.44 or 0.00003054 BTC.
• Internet Computer (ICP) traded down 4.9% against the dollar and now trades at $5.42 or 0.00006784 BTC.
• Cronos (CRO) traded down 7.1% against the dollar and now trades at $0.0796 or 0.00000100 BTC.
• Algorand (ALGO) traded down 7.8% against the dollar and now trades at $0.20 or 0.00000247 BTC.
• Cosmos (ATOM) traded down 3% against the dollar and now trades at $3.86 or 0.00004831 BTC.
• Fetch.ai (FET) traded down 3.8% against the dollar and now trades at $0.52 or 0.00000649 BTC.

Cardano Coin Profile

Cardano (CRYPTO: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 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. Cardano’s official website 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 currently possible to buy alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, 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