Cardano ADA Price Overview
- Current Price: $0.582
- 24h Change: -4.24%
- Price Range (24h): $0.581 – $0.610
Market Capitalization & Supply
- Market Cap: $21.02 Billion (0.60% of total crypto market)
- Circulating Supply: 36.13B ADA (80.3% of max supply)
- Max Supply: 45.00 Billion ADA
- 24h Trading Volume: $410.29 Million
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What Is Cardano (ADA)?
Cardano is a decentralized blockchain platform founded in 2015 by Charles Hoskinson (Ethereum co-founder). Launched in 2017, it aims to deliver a scalable, secure ecosystem for decentralized applications (dApps) and financial services. ADA, its native token, honors Ada Lovelace, the pioneering programmer.
Key Features of Cardano
Ouroboros Proof-of-Stake (PoS)
- Energy-efficient consensus mechanism replacing traditional Proof-of-Work.
- Enhances scalability while maintaining decentralization.
Peer-Reviewed Blockchain
- First platform built on academically vetted research.
- Ensures robustness through evidence-based development.
Smart Contracts & dApps
- Supports DeFi, NFTs, and complex applications via Plutus, its secure smart contract language.
ADA Price Statistics & Trends
- All-Time High (ATH): $3.08 (September 2021, -81.1% from ATH).
- Total Supply: 45B ADA (identical to max supply).
| Metric | Value |
|---|---|
| 24h Volume | $410.29M |
| Market Rank | Top 10 by market cap |
| Fiat Pairings | USD, EUR, GBP, JPY |
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Cardano's Technology Stack
- Layered Architecture: Separates settlement (ADA transfers) and computation (smart contracts) layers for efficiency.
- Hydra Scaling Solution: Enables high throughput via state channels (1M+ TPS potential).
- Governance: On-chain voting for protocol upgrades through Voltaire.
FAQs About Cardano (ADA)
Q: How does Cardano differ from Ethereum?
A: Cardano uses PoS (vs. Ethereum’s former PoW), focuses on academic rigor, and implements gradual upgrades via peer-reviewed phases.
Q: Where can I stake ADA?
A: Use Yoroi or Daedalus wallets, or delegate to pools via exchanges like OKX.
Q: What’s the long-term vision for Cardano?
A: To become the "Internet of Blockchains" with cross-chain interoperability and decentralized governance.
Final Thoughts
Cardano combines scientific methodology with cutting-edge blockchain tech, positioning ADA as a long-term contender in crypto. Monitor its price, adoption of smart contracts, and ecosystem growth for investment insights.