Cardano Price Today
- Ranking: #10 (by market capitalization)
- Current Price: $0.59 per ADA
- 24-Hour Range: $0.5385 (Low) – $0.5979 (High)
Market Data
| Metric | Value | Change (%) |
|---|---|---|
| Market Cap | $20,905,817,893 | +8.28% |
| Fully Diluted Market Cap | $26,593,104,065 | +8.28% |
| Trading Volume | $878,740,087 | +10.72% |
| Volume/Market Cap | 0.0420 | — |
| Circulating Supply | 35,376,156,272.80 ADA (78.61% of max supply) | — |
| Max Supply | 45,000,000,000 ADA | — |
Cardano (ADA) Price Chart and Trends
The ADA/USD chart reflects:
- +8.28% price growth in the last 24 hours.
- +4.06% increase over the past 7 days.
- Key Support Level: $0.53 (tested twice this week).
Cardano Overview
Launch Year: 2017
Founder: Charles Hoskinson (Ethereum co-founder)
Blockchain Type: Proof-of-Stake (PoS) Layer 1
Unique Features:
- Peer-reviewed updates.
- Open-source codebase.
- Zero downtime during upgrades.
How Cardano Works
- Consensus Mechanism: Ouroboros PoS.
Layers:
- Settlement Layer: Processes transactions.
- Control Layer: Manages smart contracts and dApps.
- Transaction Speed: 15 seconds per block.
- Fees: ~0.25 ADA per transaction.
ADA Use Cases
1. Governance
- Vote on proposals by staking ADA.
- Categories: GameFi, dApp integrations, Ethereum migrations.
2. Staking
- Annual Yield: ~5%.
- No minimum stake requirement.
3. dApps
- 70+ decentralized apps (e.g., Artano for NFTs).
4. Payments
- Low fees (~$0.20 per transaction).
- Used in agriculture for supply chain tracking.
5. Earning Interest
- Platforms like Nexo offer up to 8% APY.
Cardano Price History
- ICO Price: $0.0024 (2015–2017).
- ATH: $2.9593 (December 2021).
- 2024 Price: ~$0.42 (down 85% from ATH).
Circulating Supply
- Current: 35.38B ADA.
- Max Supply: 45B ADA.
FAQ
Q: Is Cardano a good investment in 2024?
A: ADA’s long-term viability depends on dApp adoption and network upgrades. Diversify your portfolio.
Q: How do I stake Cardano?
A: Use wallets like Daedalus or stake via exchanges.
Q: What’s Cardano’s biggest competitor?
A: Ethereum (PoS transition) and Solana (high-speed dApps).
Q: Why did ADA drop from its ATH?
A: Market-wide downturn and slower-than-expected smart contract adoption.
For real-time updates: 👉 Cardano Ecosystem Tracker