$0.2307
+0.002200 (+0.96%)24H
Cardano price, last 12 months
0.68120.23100.1438
Cardano market data
- 24H High
- $0.2323
- 24H Low
- $0.2159
- 24H Volume
- 164.96M ADA
- All Time High
- $3.10
- All Time Low
- $0.0177
- Correlation with BTC
- -0.00
- Return on Investment
- -9.71%
- Market Cap
- $8.47B
About Cardano
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.To learn more about this project, check out our deep dive of Cardano.The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Cardano social sentiment
BullishBullish
- 75 Bullish
- 27 Neutral
- 23 Bearish
Cardano on-chain holders
Holding Amount
Distribution of addresses by the amount of tokens held.
- 0-1K83.18%
- 1K-100K16.36%
- 100K+0.45%
Time Held
Distribution of addresses by how long tokens have been held.
- Cruisers22.85%
- Holders70.92%
- Traders6.23%
Whale Holdings
Percentage of tokens held by whale addresses vs others.
- Others91.52%
- Whales8.48%
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Cardano whitepaper summary
Cardano is a groundbreaking blockchain platform that uses proof-of-stake technology to create a more sustainable and accessible financial system.
It stands out for its research-first approach and scientific philosophy, making it highly secure and energy-efficient.
The platform aims to provide reliable financial services to everyone, including those currently without access to traditional banking.
Since its inception, it has evolved into one of the leading blockchain platforms, processing millions of transactions while maintaining its commitment to sustainability and academic rigor.
Think of Cardano like a super-efficient digital ledger that runs on something called Ouroboros - it's basically a smarter way to handle transactions than older blockchains.
Instead of using tons of energy like Bitcoin, Cardano uses a system called proof-of-stake, where people can participate in running the network by holding and 'staking' their ada (Cardano's cryptocurrency).
The whole system is divided into time periods called epochs, which last 5 days each.
During these epochs, different stake pools take turns creating new blocks of transactions.
What makes Cardano special is its layered design - imagine it like a cake with different layers handling different jobs.
The settlement layer handles all the basic transactions, while the computation layer deals with smart contracts and more complex features.
One of the coolest things about Cardano is how it handles security.
It uses the Ouroboros protocol, which has been peer-reviewed by academic experts.
The platform is built using a programming language called Haskell, which helps make everything super secure and reliable.
With the Vasil hard fork in 2022, Cardano significantly improved its transaction processing capabilities and smart contract functionality, making the network faster and more efficient while maintaining its core security principles.
Ada, Cardano's native cryptocurrency, works differently from other digital currencies.
When you own ada, you're not just holding digital money - you're actually getting the right to participate in running the network.
The system rewards people who help keep the network running smoothly.
These rewards come from two places: transaction fees that users pay, and new ada that's released from the reserve.
When you stake your ada (think of it like putting your money in a special savings account), you can earn more ada as a reward.
The amount you earn depends on how much you stake and how well the stake pool you choose performs.
There's also something called 'pledging' - where stake pool operators commit their own ada to their pools.
The more they pledge, the more attractive their pool becomes to other people looking to stake their ada.
The system is designed to be fair and sustainable.
Transaction fees are distributed among stake pool operators and people who stake their ada, creating an incentive for everyone to participate.
As of 2023, Cardano has implemented various improvements to its reward mechanism, including enhanced stake pool parameters and more efficient fee distribution systems.
Cardano's development follows a carefully planned journey, broken down into major eras named after historical figures.
The platform has already completed several major milestones, including the Shelley era that brought decentralization, and the Goguen era that introduced smart contracts.
Currently, Cardano is working on implementing CIP-1694, which will bring new on-chain governance mechanisms.
This will let the community have more say in how the network develops.
The platform is also focusing on scaling solutions through the Hydra protocol, which aims to process up to a million transactions per second.
These improvements will help Cardano handle more users and complex applications while staying fast and cost-effective.
The upcoming Voltaire era will introduce a new governance system, allowing the network to become self-sustaining through a treasury system and empowering ada holders to influence the future development of the platform.
Cardano was created by Charles Hoskinson, who was also one of Ethereum's co-founders.
The project is developed by three main organizations: IOHK (now IOG) for technical development, The Cardano Foundation for oversight and community growth, and Emurgo for business development.
The team includes numerous Ph.D. holders and researchers who ensure all developments are peer-reviewed and scientifically sound.
They work closely with various universities and research institutions worldwide to keep pushing the boundaries of blockchain technology.
Since 2021, the team has expanded significantly, with IOG growing its development team and the Cardano Foundation increasing its global presence.
The project now maintains partnerships with multiple governments and organizations, particularly in developing regions, furthering its mission of financial inclusion.
Latest Cardano news
coinmarketcap.com
Cardano Price Declines Sharply, Market Risks Intensify
coinmarketcap.com
Cardano Price Retreats to $0.228 Amid Selling Pressure
coinmarketcap.com
Cardano Adopts Open Wallet Standard to Enhance Interoperability
coinmarketcap.com
Cardano Transaction Volume Hits All-Time High Amid Whale Selling
coinmarketcap.com
Cardano Faces Downside Pressure Amid Selling Concerns
Cardano FAQ
Cardano (ADA) is trading at $0.2307, up 0.96% over the last 24 hours.
The market cap of Cardano is $8.47B, ranking #15 among cryptocurrencies.
Our model's year-end 2026 target for ADA is $0.9817.
Our model's 2030 target for ADA is $2.02.
On the daily chart ADA currently shows 5 buy signals and 2 sell signals. This is not investment advice.
The all-time high of ADA is $3.10.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.