Cardano (ADA) price, chart, coin profile and news

Find the latest Cardano (ADA) price, coin profile, news and history to get you started with Cardano trading and investing.

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What is Cardano?

ADA is the native cryptocurrency of the Cardano blockchain. The primary use of the coin lies within the network's proof-of-stake mechanism. This involves token holders locking away (staking) ADA coins to validate transactions and secure the blockchain.

A transaction fee must be paid in ADA when using the Cardano blockchain. This allows validators in the network to complete the transfer within Cardano's settlement layer (see below for more details). All applications that are built on the Cardano blockchain will use ADA for transactional fees.

The coin also carries monetary value and, therefore, can be used to transact between friends, pay for goods and services and deposit funds on an exchange or decentralised application.

The supply of tokens is capped at a maximum of 45 billion ADA. Cardano is being built with two layers – the Cardano Settlement Layer and the Cardano Computation Layer. The two layers provide the flexibility businesses need to tailor smart contracts to their requirements.Cardano Settlement Layer. The settlement layer acts as the platform's balance ledger. It uses a proof-of-stake (PoS) algorithm to generate new blocks and confirm transactions.Cardano Computation Layer. The execution layer for smart contracts. The Cardano team will soon be launching a new programming language (Plutus) that will be used to build smart contracts.

Instead of using a proof-of-work consensus algorithm like Bitcoin, Cardano uses a proof-of-stake algorithm called Ouroboros. Under this system, blocks are generated and transactions verified by slot leaders, or validators. Anyone who holds ADA tokens can become a slot leader, with slot leaders randomly chosen using a coin-flipping protocol.

Cardano (ADA) is the 9th largest cryptocurrency in the world by market cap, valued at $8,619,592,452. The current price of Cardano is $0.245984, which is 0.444% higher than yesterday. Prices have ranged between $0.246678 and $0.243742 over the past 24 hours. All prices are listed in US dollars and accurate as of September 23, 2023 11:09 UTC.

Recent Cardano developments

30 July, 2023: Cardano has launched Mithril on the mainnet which is a staking protocol that is designed to help decentralize governance on Cardano.
30 May, 2023: Cardano developers deployed Marlowe to the Cradano mainnet. Marlow is a set of tools that allows for the creation of smart contracts without specialised programming knowledge.
May 02, 2023: Charles Hoskinson has said that zk-rollups will come to Cardano via the Midnight sidechain, rather than the mainnet.
April 05, 2023: Cardano is up 18% month-on-month following the announcement on March 30th that a new technology called Milkomeda would bring EVM compatability to Cardano, enabling the use of Ethereum apps
March 06, 2023: Cardano founder Charles Hoskinson refutes claims made on Twitter that the governance structure of the ADA blockchain is centralized.

How we keep this Cardano guide up-to-date

  • ADA price data is regularly updated through data feeds so you always have the latest information.
  • Cardano performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

Cardano at a glance

Information last updated September 23, 2023 11:09 UTC.
Coin symbol ADA
Coin Marketcap US$8,619,592,452
Total ADA supply 45,000,000,000
Circulating ADA 35,045,020,830
Current price US$0.245984
All time high US$3.09
All time high date September 02, 2021
Notable team members Charles Hoskinson
Partnerships Dish, Chainlink, Near Protocol
Industry Blockchain platform
Token uses Utility token, rewards
Network Cardano

Cardano price performance over time

Historical prices compared with the price of US$0.245984.

1 hour 0.09%
24 hours 0.44%
7 days -1.58%
14 days -2.90%
30 days -7.25%
60 days -19.28%
200 days -25.04%
1 year -47.36%

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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