Cardano (ADA) Market Capitalization Tops $22.86 Billion

Cardano (ADA) traded 2.8% higher against the U.S. dollar during the 1 day period ending at 9:00 AM E.T. on March 2nd. One Cardano coin can now be purchased for about $0.65 or 0.00000763 BTC on popular exchanges. Cardano has a total market capitalization of $22.86 billion and $558.85 million worth of Cardano was traded on exchanges in the last day. Over the last seven days, Cardano has traded down 15.9% against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded up 1.2% against the dollar and now trades at $2,183.11 or 0.02564743 BTC.
• Hedera (HBAR) traded 7.7% higher against the dollar and now trades at $0.25 or 0.00000291 BTC.
• Avalanche (AVAX) traded up 2.1% against the dollar and now trades at $21.68 or 0.00025465 BTC.
• Uniswap (UNI) traded up 0.9% against the dollar and now trades at $7.34 or 0.00008625 BTC.
• NEAR Protocol (NEAR) traded 2.7% higher against the dollar and now trades at $3.18 or 0.00003741 BTC.
• Internet Computer (ICP) traded up 3.4% against the dollar and now trades at $6.56 or 0.00007708 BTC.
• Algorand (ALGO) traded 4.4% higher against the dollar and now trades at $0.25 or 0.00000288 BTC.
• Cronos (CRO) traded 0.6% higher against the dollar and now trades at $0.0727 or 0.00000085 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $4.43 or 0.00005209 BTC.
• Fetch.ai (FET) traded up 1.5% against the dollar and now trades at $0.64 or 0.00000750 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 44,994,943,015 coins and its circulating supply is 35,212,423,444 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.”

Cardano Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Cardano directly using U.S. dollars. Investors seeking to acquire Cardano should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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