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Cardano

ADAUSD
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0.214

-0.008-3.60%
TradingKey Chart
Time
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30m
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W
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D

Today

-4.05%

5 Days

-16.80%

1 Month

+9.79%

6 Months

-9.75%

Year to Date

-35.26%

1 Year

-70.54%

Key Data Points

Opening Price

0.222

Previous Closing Price

0.222
Price Range of the Day
0.2120.224
52-Week Price Range
0.1230.706
Recent
Analysis
Cardano Price Forecast: Retail support wanes as ADA tests a make-or-break level

Cardano (ADA) price is up nearly 2% at press time on Tuesday, holding above its 50-day Exponential Moving Average (EMA) at $0.2302 and a near-term rising support trendline at $0.2264.

FxstreetTue, Oct 13
Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano (ADA) reclaims trading above the key support zone on Monday after a 2.85% correction last week. Improving derivatives positioning and constructive technical outlook support a recovery for ADA.

FxstreetMon, Oct 12
Cardano Price Forecast: ADA tumbles below $0.25 as retail participation dips

Cardano's (ADA) technical structure is shifting on Thursday, resulting in sustained losses for three straight days.

FxstreetThu, Oct 8
Top Altcoins Price Forecast: Ripple, Cardano, Solana – Sellers in control flag further downside risk

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are facing near-term selling pressure, extending losses so far this week. Ripple and Solana witness reduced institutional support, while Cardano follows suit.

FxstreetThu, Oct 8
Top Altcoins Price Forecast: Ripple in a limbo near $1.50, Cardano extends rally, and Solana faces headwinds

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), show mixed sentiment in the broader cryptocurrency market.

FxstreetTue, Oct 6
Cardano Price Forecast: Eyes gains as derivatives metrics strengthen

Cardano (ADA) steadies around $0.270 on Tuesday after gaining over 4% at the start of the week on Monday. Bullish sentiment is boosted as Cardano’s Node Diversity Celebration Day goes live on Tuesday, highlighting ongoing efforts to strengthen network decentralization, security and resilience.

FxstreetTue, Oct 6

Cardano Technical Analysis

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Technical Indicators

Sell

Summary

Neutral

Moving Average

Neutral

About Cardano

Cardano is a public blockchain platform that is open-source and decentralized. It uses a proof-of-stake consensus mechanism to facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. The project was launched in 2017 and was led by Ethereum co-founder Charles Hoskinson. One of the key features of Cardano is its use of a proof-of-stake consensus mechanism called Ouroboros, which is more energy-efficient compared to the proof-of-work system used by Bitcoin. Cardano's modular design and layered architecture also allow for gretaer flexibility and scalability compared to other blockchain platforms. The development of Cardano is guided by a research-driven approach, with the platform's design and features being informed by peer-reviewed academic papers. This focus on academic rigor sets Cardano apart from many other blockchain projects that have been developed more rapidly without the same level of scientific scrutiny. In addition to its technical innovations, Cardano also has a strong focus on real-world use cases and problem-solving. The platform aims to provide solutions for issues such as financial inclusion, identity management, and supply chain tracking, among others. This focus on practical applications sets Cardano apart from some cryptocurrencies that are primarily speculative in nature. The native cryptocurrency of the Cardano network is called ADA, which can be used for transactions, staking, and paying network fees. Cardano also has a strong emphasis on the education and training of its developer community, with the goal of building a sustainable and decentralized ecosystem around the platform.

How Is the Cardano Network Secured?

Cardano is a proof-of-stake blockchain platform. This means the network is secured through a process called staking, where ADA holders can participate in validating transactions and earning rewards, rather than energy-intensive proof-of-work mining used by networks like Bitcoin.

Who are the founders of Cardano?

Cardano was founded by Charles Hoskinson, one of the co-founders of the Ethereum network. Hoskinson currently serves as the CEO of IOHK, the company responsible for building Cardano's blockchain technology.

What is the total supply of ADA Coin?

The total supply of ADA is 37,089,410,846 ADA, with a max supply of 45,000,000,000 ADA. The circulating supply is 35,907,768,606 ADA.

Cardano

0.214
-0.008-3.60%
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