Cardano Market Cap Hits $15.85 Billion (ADA)

Cardano (ADA) traded down 2.6% against the U.S. dollar during the 24-hour period ending at 14:00 PM Eastern on May 10th. In the last seven days, Cardano has traded 4.9% lower against the U.S. dollar. Cardano has a market cap of $15.85 billion and $305.54 million worth of Cardano was traded on exchanges in the last day. One Cardano coin can currently be bought for about $0.44 or 0.00000735 BTC on exchanges.

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

• Ethereum (ETH) traded down 3.6% against the dollar and now trades at $2,895.43 or 0.04790752 BTC.
• Avalanche (AVAX) traded down 0.6% against the dollar and now trades at $34.15 or 0.00056496 BTC.
• NEAR Protocol (NEAR) traded 0.3% lower against the dollar and now trades at $7.19 or 0.00011904 BTC.
• Internet Computer (ICP) traded 2.9% lower against the dollar and now trades at $11.78 or 0.00019489 BTC.
• Uniswap (UNI) traded down 3.5% against the dollar and now trades at $7.11 or 0.00011758 BTC.
• Hedera (HBAR) traded down 4.2% against the dollar and now trades at $0.11 or 0.00000175 BTC.
• Cosmos (ATOM) traded 3% lower against the dollar and now trades at $8.71 or 0.00014408 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.12 or 0.00000203 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $2.15 or 0.00003560 BTC.
• Algorand (ALGO) traded 3.8% lower against the dollar and now trades at $0.18 or 0.00000303 BTC.

About Cardano

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 36,869,473,182 coins and its circulating supply is 35,661,636,123 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. The official website for Cardano 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 U.S. dollars. Investors seeking to trade Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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