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Cardano

ADAUSD
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0.191
-0.001-0.52%
TradingKey Chart
Time
1m
15m
30m
1h
4h
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W
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D

Today

-0.52%

5 Days

-8.61%

1 Month

-20.42%

6 Months

-21.07%

Year to Date

-41.95%

1 Year

-71.06%

Key Data Points

Opening Price

0.192

Previous Closing Price

0.192
Price Range of the Day
0.1900.193
52-Week Price Range
0.1230.647
Recent
Analysis
Top Altcoins Price Forecast: Ripple, Cardano, Solana extend losses amid persistent selling pressure

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), face intense selling pressure, extending losses from the previous week. XRP tests the $1.2941 support floor, while ADA risks deeper losses and SOL struggles near the $100 mark.

FxstreetTue, Oct 27
Cardano Price Forecast: Derivatives and on-chain data confirm bears in control

Cardano (ADA) extends losses, trading below $0.202 on Monday after three consecutive weeks of more than 20% declines since early October.

FxstreetMon, Oct 26
Cardano Price Forecast: Whale selling deepens ADA correction

Cardano (ADA) edges higher by nearly 2% on Friday, following a roughly 6% decline the previous day. The pullback aligns with the sell-side appeal among large-wallet investors, commonly referred to as whales, and Cardano derivatives.

FxstreetFri, Oct 23
Top Altcoins Price Forecast: Ripple, Solana, and Cardano extend decline as sellers resurface

Major altcoins, including Ripple (XRP), Cardano (ADA) and Solana (SOL), are trading in the red on Thursday as near-term selling pressure resurfaces.

FxstreetThu, Oct 22
Cardano Price Forecast: Weak momentum puts ADA recovery at risk

Cardano (ADA) is trading below $0.222 on Thursday after failing to sustain gains above the 50-day Exponential Moving Average (EMA) near $0.228 the previous day.

FxstreetThu, Oct 22
Top Altcoins Price Forecast: Ripple, Cardano, Solana – XRP, ADA face downside risk as SOL consolidates

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), stall on Tuesday after a bearish week, suggesting a brief pause in selling pressure.

FxstreetTue, Oct 20

Cardano Technical Analysis

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Technical Indicators
Sell
Summary
Sell
Moving Average
Strong sell

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.

Is ADAUSD (ADAUSD) a safe investment?

No investment is completely risk-free. The risk level of ADAUSD (ADAUSD) depends on its underlying assets, strategy, liquidity, fees, and market conditions. Diversification may reduce potential losses but cannot eliminate them, and past performance does not guarantee future results. Before investing, consider whether the fund aligns with your goals and risk tolerance. This is not investment advice.

Cardano

0.191
-0.001-0.52%
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