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Cardano

ADA

Rank #9
$ 0.5914
-1.63%
24H Low$0.5768
24H High$0.6012
24H Volume
521.56M
All-Time High(ATH)
$3.09
All-Time Low(ATL)
$0.01925
Market Cap
20.72B
Fully Diluted Valuation
26.53B
Market Cap/FDV
0.7808
Circulating Supply
35.14B ADA
Total Supply
45B ADA
Max Supply
45B ADA
Market Sentiment
--
* Data from 3rd parties

Cardano (ADA) Price Trends

Time period
Change amount
% Change
1H
$ 0.004152
0.70%
24H
$ -0.009639
-1.63%
7D
$ 0.01804
3.05%
14D
$ 0.08663
14.65%
30D
$ 0.1333
22.54%
1Y
$ 0.3143
53.14%

Live Cardano (ADA) Price Update

Cardano price today is $0.5914 with a 24-hour trading volume of 521.56M, and as such Cardano has a market cap of 20.72B, giving it a market dominance of 1.01%. The Cardano price moved -1.63% in the last 24 hours.

Cardano reached its highest price on 2021-09-02 when it was trading at its all-time high of $3.09, while its lowest price was recorded on 2020-03-13 when it was trading at its all-time low of $0.01925. The current lowest price since the last cycle high was $0.01925, and the highest price since the last cycle low was $3.09. The social sentiment of Cardano is currently Positive.

The current circulating supply of Cardano is 35.14B ADA. In terms of market cap, Cardano is currently ranked 9.

About Cardano (ADA)

The Cardano project was founded in 2015 by two former core members of Ethereum, Charles hoskinson and Jeremy wood. The name of the Cardano project derives from the Italian mathematician Gerolamo Cardano in the 16th century, while the name of ADA comes from ADA levea, the first programmer in human history.

Bitcoin represents the era of blockchain 1.0, Ethereum opens the era of blockchain 2.0, and Cardano is the representative of blockchain 3.0, aiming to solve the problems of scalability and sustainability in blockchain 2.0. Cardano's goal is to build a layered (settlement layer and compute layer) blockchain system, which is used to solve the problems of currency transaction and smart contract simultaneously.


How does Cardano (ADA) Work?

Cardano mainly uses layered technology and consensus mechanism to solve scalability problems:

Cardano blockchain is divided into two layers, one settlement layer (CSL) and one control layer (CCL).

Settlement layer (CSL): responsible for transferring ADA between accounts and recording trading information. The settlement layer can be considered the foundation of the entire Cardano system.

Control layer (CCL): contains smart contract logic for developers to develop DAPP on this layer.

In terms of consensus mechanism, Cardano adopts a consensus mechanism named Ouroboros among the proof of stake mechanisms. The proof of stake mechanism is to elect the next blocker through election. For the PoS consensus mechanism, the real random election of blockers is the key to ensure the security of the blockchain. In order to realize the randomness of the elected blockers, computer scientist Aggelos Kiayias and his team designed the Ouroboros consensus mechanism.

The Ouroboros consensus mechanism divides time into slots. Each slot randomly selects a "slot leader" to add the blocks generated by this slot to the blockchain. Multiple slots are one epoch, epoch is the overall time frame, and slot is the increment of 20s in epoch. At the end of an epoch, the previous slot leader will select the slot leader of the next epoch, and this cycle will be repeated, just like the Ouroboros.


What is Cardano (ADA) ?

ADA is the native token of the Cardano project, with a total circulation of 45 billion, of which 25 billion ADA are used for the Initial Coin Offering (ICO,) 5 billion are used for the company's operation support, and the remaining 15 billion ADA will continue to be issued. The block awards of Cardano Network are issued every 3.5 minutes. 75% of the ADA generated by each block is used to reward the holders, and 25% is used for project technology development and reward the ecosystem builders.


Cardano (ADA) Crypto Wallet

In addition to placing ADA in the Gate.io exchange to facilitate trading, ADA can also be placed in the crypto wallet.

Daedalus full node desktop wallet and Yoroi light wallet are officially recommended wallets of ADA. Daedalus full node desktop wallet downloads a complete copy of Cardano blockchain and independently validates every transaction in its history; Yoroi light wallet can be used as a web-based extension or mobile application without downloading a copy of the blockchain history.

FAQs

1. What determines the price movement of Cardano?

There are two schools of thought in determining the price of Cardano.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Cardano, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Cardano from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Cardano on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Cardano as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Cardano and the cryptocurrency market as a whole.

Cardano (ADA) News

Sui Overtakes Aptos, Cardano in Value Locked; Sees $310M Inflow in 30 Days

Sui Overtakes Aptos, Cardano in Value Locked; Sees $310M Inflow in 30 Days

Sui, the layer 1 blockchain built by a group of former Meta (META) employees, has experienced a cascade of inflows this month in a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked (TVL).
Source: coindesk
Posted:
First Mover Americas: Solana, Cardano Lead Losses as Market Starts Week in the Red

First Mover Americas: Solana, Cardano Lead Losses as Market Starts Week in the Red

The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Source: coindesk
Posted:
Solana, Cardano Lead Crypto Market Lower as Traders Grapple With Bitcoin Headwinds

Solana, Cardano Lead Crypto Market Lower as Traders Grapple With Bitcoin Headwinds

CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
Source: coindesk
Posted:
Protocol Village: Cardano Codebase Moves to Member-Based Project Intersect's Stewardship

Protocol Village: Cardano Codebase Moves to Member-Based Project Intersect's Stewardship

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout.
Source: coindesk
Posted:
Total Value of Cardano DeFi Ecosystem Nears $450M Amid Layer 1 Push; ADA Rockets 17%

Total Value of Cardano DeFi Ecosystem Nears $450M Amid Layer 1 Push; ADA Rockets 17%

The total value locked (TVL) of all Cardano-based tokens jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April.
Source: coindesk
Posted:
Cardano Jumps 20% as Analyst Eyes Bitcoin Pullback to $40K to 'Fill CME Gap'

Cardano Jumps 20% as Analyst Eyes Bitcoin Pullback to $40K to 'Fill CME Gap'

Market observers "underappreciate" future inflows from institutional investors to bitcoin, asset 21.co CEO said in a CoinDesk TV interview.
Source: coindesk
Posted:

Cardano (ADA) Announcements

Gate.io Startup:NADA Protocol Token (NADA) Sale Result & Listing Schedule

NADA Protocol Token _NADA_Token Sale Result
readings: 13393Posted:

Gate.io Startup Free Offering: NADA Protocol Token(NADA) and Announcement of Free Distribution Rules...

NADA is a Hedera-based reward token used in the blockchain-based NFT mobile game eco_ developed and supplied by Nadadigital.
readings: 13216Posted:

Gate.io will list DappRadar(RADAR)

We want to make exploring, tracking & managing dapps insightful, convenient and rewarding for all.
readings: 24665Posted:

Gate.io Startup Free Offering: ADAPad (ADAPAD) and Announcement of Free Distribution Rules( 79,365 A...

About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop...
readings: 65232Posted:

Gate.io Supports Upcoming Cardano (ADA) Upgrade

According to the Cardano (ADA) team, a minor update will take place in Epoch 298 on October 22 2021 at 21:44 UTC. Gate.io supports this upgrade and will suspend Cardano deposits and withdrawals during the process. Deposits and withdrawals will be resumed as soon as possible after this upgrade. Carda...
readings: 67784Posted:

ADA Withdrawals & Deposits Enabled

Gate.io has enabled ADA withdrawals and deposits. Deposit ADA at: https://www.gate.io/myaccount/deposit/ADA Trade ADA at USDT market : ADA/USDT Market: https://www.gate.io/trade/ADA_USDT ADA/BTC Market: https://www.gate.io/trade/ADA_BTC About ADA Cardano(ADA) is Cardano is a decentral...
readings: 105095Posted:
Date
Market Cap
Volume
Open
Close
2024-02-20
$581.11M$22.18B$0.6311N/A
2024-02-19
$669.31M$21.75B$0.6191$0.6311
2024-02-18
$430.86M$21.35B$0.6084$0.6191
2024-02-17
$513.58M$21.03B$0.5986$0.6084
2024-02-16
$774.31M$21.32B$0.6079$0.5986
2024-02-15
$564.31M$20.25B$0.5764$0.6079