Introduction to Cardano (ADA)
Cardano is a blockchain platform launched in 2017, designed to enable "changemakers, innovators, and visionaries" to bring about positive global change. The platform's native cryptocurrency, ADA, currently trades at $0.5582 USD**, with a **24-hour trading volume of $566.4 million.
👉 Discover how Cardano compares to other top cryptocurrencies
Key Metrics
| Metric | Value |
|---|---|
| Market Cap | $19.6 billion (Rank #11) |
| Fully Diluted Valuation (FDV) | $20.1 billion |
| Circulating Supply | 35.18 billion ADA |
| Total Supply | 35.98 billion ADA |
| Max Supply | 45 billion ADA |
| Launch Date | September 29, 2017 |
| All-Time High | $2.99 (81.34% below current price) |
| Algorithm | Ouroboros Proof-of-Stake |
Price Performance Analysis
Recent Trends
- 24-hour performance: -0.69% against USD
- Weekly performance: -4.00%
- Monthly performance: -17.54%
- Yearly performance: +39.20%
Price Ranges
- 24-hour range: $0.5372 - $0.5637
- 52-week range: $0.2782 - $1.32
- Current price movement: After reaching $0.5597, ADA failed to maintain upward momentum
Market Position and Comparisons
Cardano demonstrates stronger than average trading volume among cryptocurrencies launched in 2017:
- Average volume (445 coins): $5.7 million
- ADA volume: $566.4 million
👉 Learn about Cardano's unique proof-of-stake protocol
Technical Indicators
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 39.74 | Neutral |
| Commodity Channel Index (20) | -68.06 | Neutral |
| Williams %R (14) | -53.78 | Neutral |
| SMA (10) | 0.5660 | Sell |
| EMA (20) | 0.5889 | Sell |
| SMA (200) | 0.7680 | Sell |
Historical Performance
- ICO Price: $0.0487
- ICO ROI: +1,046.17% (11x)
- 12-month ROI: +35.44%
- All-time low: $0.0195
- All-time high: $2.99 (September 2021)
Frequently Asked Questions
What is Cardano's current market position?
Cardano ranks #11 by market capitalization at $19.64 billion.
Where can I buy Cardano (ADA)?
ADA is traded on 68+ exchanges worldwide.
When was Cardano launched?
The Cardano blockchain launched on September 29, 2017.
What makes Cardano unique?
Cardano operates on its own proof-of-stake blockchain using the Ouroboros protocol.
What was ADA's ICO price?
The initial coin offering price was $0.0487 per ADA.
What was Cardano's highest price?
ADA reached its all-time high of $2.99 in September 2021.
How many ADA are in circulation?
There are currently 35.18 billion ADA in circulation.
Market Outlook and Future Potential
While Cardano has seen a 23.57% decline from its 30-day high, it maintains 8.84% growth from its monthly low. The technical indicators currently suggest a neutral to bearish short-term outlook, though the project's fundamentals remain strong with continued development and adoption.