Cardano Market Capitalization Achieves $32.37 Billion (ADA)

Cardano (ADA) traded down 4% against the dollar during the 1 day period ending at 10:00 AM E.T. on January 29th. Over the last seven days, Cardano has traded 7.5% lower against the dollar. One Cardano coin can now be bought for $0.92 or 0.00000902 BTC on cryptocurrency exchanges. Cardano has a market cap of $32.37 billion and approximately $687.61 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded down 2.8% against the dollar and now trades at $3,098.26 or 0.03038941 BTC.
• Avalanche (AVAX) traded 4% lower against the dollar and now trades at $32.55 or 0.00031924 BTC.
• Hedera (HBAR) traded down 4.9% against the dollar and now trades at $0.30 or 0.00000296 BTC.
• Uniswap (UNI) traded 5.8% higher against the dollar and now trades at $11.71 or 0.00011491 BTC.
• NEAR Protocol (NEAR) traded 3.2% lower against the dollar and now trades at $4.41 or 0.00004328 BTC.
• Internet Computer (ICP) traded 5.6% lower against the dollar and now trades at $8.49 or 0.00008332 BTC.
• Cronos (CRO) traded 3.7% lower against the dollar and now trades at $0.13 or 0.00000125 BTC.
• Algorand (ALGO) traded 4.9% lower against the dollar and now trades at $0.36 or 0.00000356 BTC.
• Fetch.ai (FET) traded 8.6% lower against the dollar and now trades at $0.97 or 0.00000953 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $5.79 or 0.00005678 BTC.

About Cardano

Cardano (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 44,995,094,873 coins and its circulating supply is 35,180,226,133 coins. 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. The official website for Cardano is www.cardano.org. Cardano’s official Twitter account is @cardano and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to acquire Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView