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Cardano

ADAUSD
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0.228

+0.016+7.55%
TradingKey Chart
Time
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Today

+7.55%

5 Days

+17.53%

1 Month

+24.59%

6 Months

-12.31%

Year to Date

-30.70%

1 Year

-74.15%

Key Data Points

Opening Price

0.211

Previous Closing Price

0.212
Price Range of the Day
0.2090.234
52-Week Price Range
0.1230.880
Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano (ADA) price extends a steady near-term recovery on Monday, inching closer to the long-term 200-day Exponential Moving Average (EMA) near $0.2464. The recent partnership with Mastercard and the Leios upgrade testing lift ADA investors' spirits.

Fxstreet9 hours ago
Cardano Price Forecast: ADA extends gains on bullish derivatives

Cardano (ADA) extends its recovery, trading above $0.210 at the time of writing on Friday, after finding support around a key zone earlier this week. Improving derivatives positioning and supporting technical indicators indicate growing bullish sentiment among ADA traders.

FxstreetFri, Sep 18
Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Top altcoins, including Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE), face imminent downside risk as prevailing upside momentum recedes toward neutral.

FxstreetThu, Sep 17
Cardano Price Forecast: Bearish breakout warns of a 15% downside risk

Cardano (ADA) hovers around $0.1900 at press time on Wednesday after a 6% decline the previous day, breaking below a crucial support level. Declining on-chain activity across the Cardano ecosystem, with reduced transaction count and Real Economic Value (REV), suggests waning user demand.

FxstreetWed, Sep 16
Top Altcoins Price Forecast: Ripple, Cardano, Hyperliquid – Easing bullish momentum sparks downside risks

Top altcoins, including Ripple (XRP), Cardano (ADA), and Hyperliquid (HYPE), are trading in the red on Tuesday, with roughly 2% losses so far.

FxstreetTue, Sep 15
Cardano Price Forecast: Hovers near key EMAs as cautious metrics leave rallies exposed to selling

Cardano (ADA) hovers around the key support zone of $0.200 on Monday after falling more than 8% in the previous week.

FxstreetMon, Sep 14

Cardano Technical Analysis

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Technical Indicators

Strong buy

Summary

Buy

Moving Average

Strong buy

More Details of 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

0.228
+0.016+7.55%
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