Cardano (ADA) Market Capitalization Achieves $15.19 Billion

Cardano (ADA) traded down 3.5% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on June 11th. One Cardano coin can currently be bought for $0.43 or 0.00000636 BTC on cryptocurrency exchanges. Over the last seven days, Cardano has traded 7.1% lower against the U.S. dollar. Cardano has a total market cap of $15.19 billion and $533.35 million worth of Cardano was traded on exchanges in the last 24 hours.

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

• Ethereum (ETH) traded down 4.1% against the dollar and now trades at $3,520.02 or 0.05266394 BTC.
• Avalanche (AVAX) traded down 3% against the dollar and now trades at $31.58 or 0.00047251 BTC.
• NEAR Protocol (NEAR) traded down 4.5% against the dollar and now trades at $6.13 or 0.00009169 BTC.
• Uniswap (UNI) traded down 8.9% against the dollar and now trades at $9.17 or 0.00013715 BTC.
• Internet Computer (ICP) traded down 6.5% against the dollar and now trades at $10.20 or 0.00015264 BTC.
• Hedera (HBAR) traded down 4.1% against the dollar and now trades at $0.0858 or 0.00000128 BTC.
• Cosmos (ATOM) traded 3.1% lower against the dollar and now trades at $7.54 or 0.00011287 BTC.
• Cronos (CRO) traded down 5.5% against the dollar and now trades at $0.10 or 0.00000152 BTC.
• Fetch.ai (FET) traded down 1.8% against the dollar and now trades at $1.66 or 0.00002485 BTC.
• Algorand (ALGO) traded down 5.3% against the dollar and now trades at $0.16 or 0.00000238 BTC.

About Cardano

Cardano (CRYPTO: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 36,952,989,919 coins and its circulating supply is 35,718,574,586 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 Twitter account is @cardano and its Facebook page is accessible here. The official message board for Cardano is medium.com/feed/cardanorss. 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 possible to purchase alternative cryptocurrencies such as Cardano directly using US dollars. Investors seeking to trade Cardano should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cardano using one of the aforementioned exchanges.

ADA/USD price chart by TradingView