Cardano Price
(ADA)
USD($)
Cardano (ADA) Live Price Chart
Overview
About
Analysis
FAQ
Cardano Live Price Data
The live price of Cardano is $0.9686, with a total trading volume of $ 30.57M in the last 24 hours. The price of Cardano changed by +13.71% in the past day, and its USD value has decreased by -12.9% over the last week. With a circulating supply of 35.13B ADA, the market cap of Cardano is currently 34.45B USD, marking a --% increase today. Cardano currently ranks #8 in market cap.
How do you feel about Cardano today?
Note: This data is for reference only.
Cardano(ADA) Profile
Rank8
BBBExpand 
Website
Documentation
Explorer
Contract
- BNB Smart Chain (BEP20) 0x3ee220...d47
Audited By
- https://cardanians-io.medium.com/cardano-has-undergone-an-independent-source-code-audit-a8941dc0e60b
Code & Community
Investors
- --
$0.7618
$0.9996
- ATH
- $3.1
- Price Change (1h)
- -2.47%
- Price Change (24h)
- +13.71%
- Price Change (7d)
- -12.90%
- Market Cap
- $34.45B
- 24h Volume
- $30.57M
- Circulating Supply
- 35.13B
- Max Supply
- 45B
About ADA
How can I buy Cardano (ADA)?
Buying ADA on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Cardano (ADA) for more information. What Is Cardano (ADA) Crypto?
Cardano, a third-generation decentralized blockchain platform, employs a proof-of-stake consensus mechanism and supports smart contract functionality, enabling decentralized applications (dApps). The brainchild of Charles Hoskinson, Cardano stands as a leading blockchain network developed through meticulous peer-reviewed research over several years.
ADA, the native token of the Cardano blockchain, ranks among the top cryptocurrencies by market cap. Its potential for significant real-world applications makes it popular among digital asset investors.
The Cardano network's long-term vision is to facilitate real-world applications of blockchain technology, enhancing security, scalability, and sustainability to foster a decentralized future. Cardano realizes this vision through rigorous testing and research before implementing additional features to the blockchain.
Three key partners contribute to Cardano's development:
IOHK (Input Output Hong Kong)
Co-founded by Charles Hoskinson and Jeremy Wood, IOHK is a technology company responsible for the technical development of the Cardano blockchain, including its design, construction, and maintenance.
The Cardano Foundation
An independent entity, the foundation oversees the adoption of Cardano's technology through partnerships. It drives engagement within the Cardano community and coordinates with industries to raise awareness about the potential of this decentralized technology.
EMURGO
As one of the founding members of Cardano, EMURGO develops, supports, and incubates applications for the blockchain ecosystem. It explores commercial use cases for Cardano and introduces businesses to the potential of its blockchain.
Cardano's unique proof-of-stake consensus mechanism, Ouroboros, sets it apart from energy-intensive proof-of-work systems. It aims to be the most environmentally sustainable blockchain platform. The Cardano blockchain is divided into the Cardano Settlement Layer (CSL) and the Cardano Computing Layer (CCL). This division aids in processing a high volume of transactions.
How Does Cardano Blockchain Work?
ADA, the native digital currency of the Cardano ecosystem, is named in honor of the 19th-century mathematician Ada Lovelace, often recognized as the world's first computer programmer.
ADA serves multiple functions within the Cardano blockchain. It is used to pay transaction fees and can be staked by validators to enhance the blockchain's resilience. Stakers receive a proportion of rewards, providing them with a beneficial means of earning passive income.
As Cardano evolves towards greater decentralization, ADA will serve as the ecosystem's governance token. Token holders will enjoy voting rights to participate in the network's future development.
In February 2021, the Mary protocol upgrade introduced Cardano native tokens. These tokens allow digital assets to be minted and transacted directly on the blockchain, unlike other blockchains that rely on smart contracts for the same purpose. This functionality offers a more streamlined approach to creating dApps, reducing complexity, cost, and potential human error.
The Cardano blockchain can support diverse digital assets, including but not limited to stablecoins, utility tokens, credential tokens, and security tokens. These native tokens extend the accounting infrastructure of the ledger model, enabling simultaneous transaction processing with different kinds of assets.
History of Cardano Blockchain
Cardano, a third-generation blockchain platform, has revolutionized how we interact with decentralized systems since its inception in 2015. Its development journey comprises five significant eras - Byron, Shelley, Goguen, Basho, and Voltaire, each contributing unique functionalities to the network.
The Cardano protocol's development was initiated by IOHK, a leading blockchain research and development company, co-founded by Charles Hoskinson, a former co-founder of Ethereum, and Jeremy Wood. The Cardano mainnet was launched in September 2017, marking the beginning of the Byron era, the first phase of Cardano's development journey.
The Shelley era commenced with a hard fork in July 2020, introducing the Cardano network's Proof of Stake (PoS) consensus layer. This era marked a significant shift towards greater decentralization from the original network, which the Cardano Foundation initially managed.
The Goguen era began with the Alonzo hard fork in September 2021 and was a landmark in Cardano's development. It introduced smart contracts developed using the Haskell programming language, enabling Cardano to run decentralized apps securely and scalably. This development propelled the ADA price and market cap to record highs, reflecting soaring investor optimism.
The subsequent eras, Basho and Voltaire, focus on scaling and on-chain governance, further enhancing Cardano's capabilities.
As of 2023, Cardano has been making significant strides in the cryptocurrency market. Its parent group, Input Output Global (IOG), recently unveiled a new privacy-focused blockchain, Midnight, and its new token, DUST. Cardano's ecosystem has also seen several developmental activities, with over 1,100 projects built on it.
Cardano (ADA) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.1155 | 13.55% |
| 7 Days | $-0.1245 | -11.14% |
| 30 Days | $0.2073 | 26.41% |
| 3 Months | $0.6431 | 184.12% |
24H Investment Barometer
24H
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- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Cardano Conversion Rate
FAQ
How much is 1 Cardano (ADA) worth?
KuCoin provides real-time USD price updates for Cardano (ADA). Cardano price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time ADA to USD exchange rates. Is Cardano (ADA) a Good Investment?
As of July 2023, Cardano (ADA) remains a strong contender in the top 10 cryptocurrencies by market cap, reflecting robust investor confidence in this digital asset. The high liquidity of ADA on KuCoin and other major exchanges underscores its position as one of the market’s most actively traded digital assets.
Cardano's decentralized platform is highly regarded by several experts who believe that it has the potential to surpass Ethereum as one of the most robust ecosystems for supporting dApps. Despite the slower roll-out of updates by its developers, Cardano's meticulous and methodical approach ensures a high level of security for the blockchain, making it suitable for real-world applications.
This unique approach has earned Cardano the nickname 'Ethereum killer.’ As more dApps are launched on the network, attracting more users, the value, market cap, and trading volume of the ADA token could increase, making it an investment worth considering.
Cardano continues to be one of the most technologically advanced blockchains on the market, thanks to its scientifically directed development. It remains one of the fastest-growing and most popular crypto projects currently. However, while Cardano presents a promising investment opportunity, you must stay informed about market trends and perform thorough research before making investment decisions.
How High Can Cardano Go?
Offering a reliable Cardano price prediction is challenging due to the unpredictable nature of the cryptocurrency market. However, Cardano's unique fundamentals make it a promising investment. Cardano offers energy efficiency and scalability as a proof-of-stake blockchain, making it an attractive choice for powering large-scale applications, potentially more so than its proof-of-work counterparts.
Investor confidence in Cardano was evident when the platform introduced support for smart contracts in 2021. Such a development could increase the ADA price as more dApps are launched within its ecosystem, attracting more users to the platform. A general increase in interest toward digital assets could also contribute to a rally in the Cardano price.
Cardano's ADA has recently experienced volatility, particularly around the launch of its Vasil upgrade in September 2022. Despite some setbacks, the upgrade rolled out successfully, introducing increased functionality, performance, scalability, and interoperability to Cardano.
What Is ADA Token Used For?
ADA, the native token of the Cardano ecosystem, has several uses, including:
Native Currency For Payments on Cardano Network
ADA is used for paying transaction fees within the Cardano blockchain. It also functions as a payment method when executing smart contracts or interacting with dApps. Additionally, you can transfer payments on the Cardano network using $ADA tokens.
Stake ADA For Cardano’s PoS Consensus
ADA also has a vital role in the blockchain's PoS consensus mechanism. It is issued as a reward for work done for the blockchain by users participating in a stake pool.
Trade or HODL ADA
Trade Cardano against other digital assets on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell ADA, or hold it long-term if you believe in the future potential of the Cardano project. Ensure that you DYOR before entering any new trades in the crypto market.
Earn Passive Income on KuCoin
Generate passive income using your ADA holdings and grow your crypto portfolio on KuCoin. Head to KuCoin Earn to stake Cardano or visit KuCoin’s Crypto Lending to lend liquidity in ADA on our platform and earn ADA conveniently.
Can You Mine Cardano (ADA)?
No, you cannot mine ADA, unlike BTC and LTC. Cardano operates on a proof-of-stake (PoS) consensus model rather than proof-of-work. However, there are alternative methods to acquire ADA tokens:
Trade Cardano on KuCoin
You can purchase ADA in exchange for fiat currency or trade it against other cryptocurrencies on KuCoin and other supported platforms. Before trading, you must review the live price of Cardano, ADA market cap, trading volume, and other fundamental and technical analyses.
Stake ADA to Earn Rewards
Staking ADA contributes to the security and stability of the Cardano network and provides a source of passive income. You can earn ADA rewards through delegation or direct staking into a staking pool.
Lend Liquidity in ADA
As an ADA holder, you can lend tokens to support liquidity on trading platforms, including centralized and decentralized exchanges. For example, KuCoin's Crypto Lending feature allows you to lend Cardano tokens for 7, 14, or 28 days to earn attractive interest.
Where to Stake Cardano
Cardano, a proof-of-stake (PoS) blockchain platform, offers multiple ways to stake your ADA crypto. You can stake ADA via digital wallets, cryptocurrency exchanges, DeFi apps, and more. One popular method is the KuCoin Earn feature, where you can select ADA from a list of options, choose your staking duration, and the type of staking you prefer.
Alternatively, you can stake ADA via Cardano's official wallet, Daedalus. As a full-node wallet, staking through Daedalus allows you to earn rewards and makes you a validator in the Cardano blockchain. You can participate in the governance of Cardano, making it a safe and engaging option for staking.
However, running your own node on Cardano via Daedalus requires significant storage space. If you want a less resource-intensive option, consider staking via the Yoroi wallet. This lightweight wallet offers an intuitive user experience and can be downloaded as a browser extension across various platforms.
Before staking, it's crucial to research staking pools. These are often ranked based on factors like the total number of blocks produced, overall performance in block creation, expected returns on investment, and more. Before deciding, assess pool size, uptime, liquidity, and past results.
What is the all-time high price of Cardano (ADA)?
The all-time high price of Cardano (ADA) is $3.0900. The current price of ADA is down 68.74% from its all-time high.
What is the all-time low price of Cardano (ADA)?
The all-time low price of Cardano (ADA) is $0.0173. The current price of ADA is up 5,483.12% from its all-time low.
How much Cardano (ADA) is there in circulation?
As of 12 21, 2024, there is currently 35.13B ADA in circulation. ADA has a maximum supply of 45B.
What is the market cap of Cardano (ADA)?
The current market cap of ADA is $34.45B. It is calculated by multiplying the current supply of ADA by its real-time market price of $34.45B.
How do I store Cardano (ADA)?
You can securely store your Cardano in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your ADA include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Cardano (ADA) to cash?
You can instantly exchange your Cardano (ADA) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ADA to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.