Cardano (ADA) Achieves Market Cap of $14.61 Billion

Cardano (ADA) traded down 1.6% against the dollar during the 24-hour period ending at 17:00 PM Eastern on June 17th. One Cardano coin can now be bought for about $0.41 or 0.00000613 BTC on exchanges. Cardano has a market cap of $14.61 billion and approximately $385.12 million worth of Cardano was traded on exchanges in the last 24 hours. During the last week, Cardano has traded down 7% against the dollar.

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

  • Ethereum (ETH) traded 1.8% lower against the dollar and now trades at $3,525.81 or 0.05290718 BTC.
  • Avalanche (AVAX) traded down 3.8% against the dollar and now trades at $28.69 or 0.00043054 BTC.
  • Uniswap (UNI) traded 6.8% lower against the dollar and now trades at $10.77 or 0.00016159 BTC.
  • NEAR Protocol (NEAR) traded 7.5% lower against the dollar and now trades at $5.22 or 0.00007827 BTC.
  • Internet Computer (ICP) traded down 5.3% against the dollar and now trades at $8.93 or 0.00013403 BTC.
  • Hedera (HBAR) traded 4.9% lower against the dollar and now trades at $0.0815 or 0.00000122 BTC.
  • Cosmos (ATOM) traded 1.8% lower against the dollar and now trades at $7.07 or 0.00010614 BTC.
  • Cronos (CRO) traded down 3.6% against the dollar and now trades at $0.0950 or 0.00000143 BTC.
  • Fetch.ai (FET) traded down 9.1% against the dollar and now trades at $1.33 or 0.00002001 BTC.
  • Algorand (ALGO) traded down 4.4% against the dollar and now trades at $0.15 or 0.00000221 BTC.

About Cardano

Cardano is a proof-of-stake (PoS) coin that uses the Ouroboros hashing algorithm. Its genesis date was September 1st, 2017. Cardano’s total supply is 36,966,827,854 coins and its circulating supply is 35,732,021,714 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. Cardano’s official website is www.cardano.org. 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.”

Buying and Selling Cardano

It is usually not currently possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cardano using one of the aforementioned exchanges.

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