Cardano (ADA) Achieves Market Cap of $27.03 Billion

Cardano (ADA) traded 4.3% lower against the US dollar during the 24-hour period ending at 10:00 AM E.T. on February 22nd. During the last seven days, Cardano has traded down 2% against the US dollar. Cardano has a total market capitalization of $27.03 billion and $908.80 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can now be bought for about $0.77 or 0.00000795 BTC on cryptocurrency exchanges.

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

• Ethereum (ETH) traded down 1.9% against the dollar and now trades at $2,738.64 or 0.02836080 BTC.
• Avalanche (AVAX) traded 1.6% lower against the dollar and now trades at $25.56 or 0.00026471 BTC.
• Hedera (HBAR) traded down 4.2% against the dollar and now trades at $0.21 or 0.00000222 BTC.
• Uniswap (UNI) traded 5.7% lower against the dollar and now trades at $8.90 or 0.00009214 BTC.
• NEAR Protocol (NEAR) traded 1.2% lower against the dollar and now trades at $3.53 or 0.00003653 BTC.
• Internet Computer (ICP) traded down 3.1% against the dollar and now trades at $7.13 or 0.00007380 BTC.
• Cronos (CRO) traded down 1.6% against the dollar and now trades at $0.0854 or 0.00000088 BTC.
• Algorand (ALGO) traded down 6.2% against the dollar and now trades at $0.27 or 0.00000275 BTC.
• Cosmos (ATOM) traded down 3.7% against the dollar and now trades at $4.83 or 0.00005004 BTC.
• Fetch.ai (FET) traded 1.7% lower against the dollar and now trades at $0.79 or 0.00000818 BTC.

Cardano Profile

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 44,994,955,923 coins and its circulating supply is 35,204,786,637 coins. 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. The official message board for Cardano is medium.com/feed/cardanorss. 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.”

Buying and Selling Cardano

It is usually not presently 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 Coinbase, Changelly or Gemini. 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