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Cardano

ADA

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Market

Market stats

Market cap

$21.6B

Volume (24h)

$969.1M

Circulating supply

35.6B ADA

Typical hold time

294 days

Popularity

#8

All time high

$3.10

Price change (1h)

-1.02%

Price change (24h)

-10.65%

Price change (7d)

-19.5%

About Cardano

Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.” The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.

Launched in 2017, Cardano (ADA) is a proof-of-stake blockchain platform that strives to bring positive global change by enabling innovators to develop decentralized applications and smart contracts. Cardano is named after the 16th-century Italian polymath Gerolamo Cardano, while its native token, ADA, is named after the 19th-century mathematician Ada Lovelace. Cardano is one of the biggest cryptocurrencies by market cap as of 2023 and has been designed to be a next-gen evolution of the Ethereum idea — with a blockchain that is flexible, sustainable, and scalable. The Cardano blockchain is divided into two separate layers: the Cardano Settlement Layer (CSL) and the Cardano Computing Layer (CCL). The CSL contains the ledger of accounts and balances (and is where the transactions are validated by the Ouroboros consensus mechanism). The CCL layer is where all the computations for apps running on the blockchain are executed — via the operations of smart contracts. The idea of splitting the blockchain into two layers is to help the Cardano network to process as many as a million transactions a second. The ADA token allows holders to participate in the operation of the network, including voting on proposed changes to the software. Cardano's technology is developed through a process of peer-reviewed research, ensuring the durability and stability of the blockchain. Unlike Ethereum-based tokens, Cardano native tokens aren't created via smart contracts. Instead, they run on the same architecture as the ADA cryptocurrency itself. According to the nonprofit Cardano Foundation, this makes Cardano native assets "first-class citizens" on the blockchain. Their native architecture can theoretically make these tokens more secure and reduce the fees associated with transactions.

News about Cardano

BeInCrypto • Feb 26, 24

Will Cardano (ADA) Price Rebound After Bearish Weekly Candlestick?

The Cardano (ADA) price can confirm its bullish trend with a strong bounce inside the current horizontal support.The post Will Cardano (ADA) Price Rebound After Bearish Weekly Candlestick? appeared first on BeInCrypto.

Read more

News Article Image

BeInCrypto • Jan 12, 24

Cardano (ADA) Gains Momentum and Breaks out – This Price Level Could Be Next

The Cardano (ADA) trend is considered bullish unless a decrease below $0.52 occurs.The post Cardano (ADA) Gains Momentum and Breaks out – This Price Level Could Be Next appeared first on BeInCrypto.

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News Article Image

BeInCrypto • Jun 26, 23

Will Polygon (MATIC) Rebound Strongly to $1 Following Robinhood's Delisting?

Robinhood is set to end support for MATIC, Cardano (ADA), and Solana (SOL) on June 27, but Polygon on-chain metrics have remained positive. Robinhood is set to end support for MATIC, Cardano (ADA), and Solana (SOL) on June 27, but Polygon on-chain metrics have remained positive.

Read more

News Article Image

CoinDesk • Apr 26, 23

Bitcoin Rallies to $29K; Cardano Leads Gains Among Crypto Majors

Total market capitalization has risen 4.1% in the past 24 hours on expectations of Fed easing, some investors said.

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CoinDesk • Apr 24, 23

Polygon, Cardano and Solana NFT Sales Rise as Ethereum NFT Sales Slump

While Ethereum remains by far the most popular blockchain for minting NFTs, Polygon, Cardano and Solana have all seen small bumps in sales volume in recent weeks.

Read more

News Article Image

CoinDesk • Apr 24, 23

Wrapped Bitcoin Token Goes Live on Cardano Testnet

The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem.

Read more

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Social

Some highlights about Cardano on social media

21,524 unique individuals are talking about Cardano and it is ranked #28 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Cardano has an average sentiment score of 3.2 out of 5. Finally, Cardano is becoming less newsworthy, with 5 news articles published about Cardano. This is a 100% decrease in news volume compared to yesterday.

On Twitter, people are mostly neutral about Cardano. There were 19.42% of tweets with bullish sentiment compared to 4.51% of tweets with a bearish sentiment about Cardano. 76.07% of tweets were neutral about Cardano. These sentiments are based on 9992 tweets.

On Reddit, Cardano was mentioned in 249 Reddit posts and there were 484 comments about Cardano. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

21,524 people

Volume rank

#28

Average Sentiment

3.2 out of 5

News Articles

5

Twitter

Reddit

Posts

249

Comments

484

Post Score

454,052

Comment Score

484,950

Coinbase Bytes

Whale street: How big-money institutional investors are preparing for the next bull run

Whale street: How big-money institutional investors are preparing for the next bull run

COINBASE BYTES • NOV 08, 2023

Is Wall Street ready for the next bull run? Major institutional investors have been making moves.
    As crypto markets have risen from their slumber this year, institutional investors from Wall Street, Silicon Valley, and beyond are paying attention. Major firms are increasing their investments in crypto, crypto-oriented venture funds are busy raising and deploying capital, and many of the world’s biggest banks are exploring blockchain-native financial products like tokenized treasuries and loans. 
    Institutions are showing rising enthusiasm for altcoins, with investment in products focused on Cardano ($0.5 million) growing last week.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Cardano is on the decline this week.

The price of Cardano has decreased by 1.02% in the last hour and decreased by 10.65% in the past 24 hours. Cardano’s price has also fallen by 19.50% in the past week. The current price is $0.61 per ADA with a 24-hour trading volume of $969.09M. Currently, Cardano is valued at 80.31% below its all time high of $3.10. This all-time high was the highest price paid for Cardano since its launch.

The current circulating supply of Cardano is 35,565,307,619.818 ADA which means that Cardano has as total market cap of 35,565,307,619.818.

FAQ

What is the current price of Cardano?

We update our Cardano to USD currency in real-time. Get the live price of Cardano on Coinbase.

What is the market cap of Cardano?

The current market cap of Cardano is $21.56B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Cardano?

The all-time high of Cardano is $3.10. This all-time high is highest price paid for Cardano since it was launched.

What is the 24 hour trading volume of Cardano?

Over the last 24 hours, the trading volume of Cardano is $969.09M.

What other assets are similar to Cardano?

Assets that have a similar market cap to Cardano include Tether, BNB, Solana, and many others. To see a full list, see our comparable market cap assets.

How many Cardano are there?

The current circulating supply of Cardano is 36 billion.

What is the typical holding time of Cardano?

The median time that Coinbase customers hold Cardano before selling it or sending it to another account or address is 294 days.

What is the relative popularity of Cardano?

Cardano ranks 5 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Cardano?

Currently, 98% of Coinbase users are buying Cardano. In other words, 98% of Coinbase customers have increased their net position in Cardano over the past 24 hours through trading.

Can I buy Cardano on Coinbase?

Yes, Cardano is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Cardano guide.

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Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.