Current Cardano (ADA) Market Overview
The live price of Cardano (ADA) is $0.6017, with a 24-hour trading volume of $18.69 million. Over the past day, ADA’s price increased by +2.53%, and its value rose +8.14% in the last week. With a circulating supply of 35.38 billion ADA, Cardano’s market capitalization stands at $21.28 billion, ranking it #9 among cryptocurrencies.
Key Metrics:
- 24h Change: +2.53%
- 7-Day Change: +8.14%
- Circulating Supply: 35.38B ADA
- Max Supply: 45B ADA
👉 Track real-time ADA price movements
Cardano (ADA) Price Performance
| Period | Price Change | Percentage Change |
|---|---|---|
| Today | +$0.0157 | +2.68% |
| 7 Days | +$0.0514 | +9.33% |
| 30 Days | -$0.089 | -12.86% |
| 3 Months | -$0.1112 | -15.58% |
ADA Exchange Rates (Sample):
- 1 ADA to USD: $0.6017
- 1 ADA to EUR: €0.5114
- 1 ADA to JPY: ¥87.04
Is Cardano (ADA) a Good Investment?
Cardano remains a top 10 cryptocurrency by market cap, reflecting strong investor confidence. Its decentralized platform is praised for scalability, energy efficiency, and security, earning it the nickname “Ethereum killer.”
Key Strengths:
- Proof-of-Stake (PoS) Consensus: Energy-efficient compared to proof-of-work blockchains.
- Smart Contract Support: Enables dApp development with rigorous security standards.
- Scientific Development: Peer-reviewed research backs its upgrades.
Risks: Slower update rollouts and market volatility require cautious planning.
👉 Explore staking opportunities with ADA
ADA Token Utility: What Can You Do With Cardano?
1. Payments & Transactions
- Pay for transaction fees and execute smart contracts on the Cardano network.
2. Staking for Rewards
- Participate in Cardano’s PoS mechanism to earn passive income.
3. Trading and Holding
- Trade ADA on exchanges or hold long-term based on market trends.
4. Earn Passive Income
- Stake ADA via wallets (e.g., Daedalus, Yoroi) or platforms like KuCoin Earn.
Frequently Asked Questions (FAQs)
1. What is Cardano’s all-time high price?
- ADA peaked at $3.09. The current price is 80.59% below its ATH.
2. Can you mine Cardano (ADA)?
- No. ADA uses PoS consensus; acquire it via trading, staking, or lending.
3. Where to stake ADA?
- Options include Daedalus (full-node wallet), Yoroi (lightweight), and exchanges like KuCoin.
4. How to convert ADA to cash?
- Sell ADA for stablecoins (e.g., USDT), then use P2P services or crypto-fiat pairs.
5. What drives ADA’s price?
- Supply/demand, adoption of dApps, upgrades (e.g., Vasil), and broader crypto trends.
6. How to store ADA securely?
- Use custodial wallets (e.g., KuCoin), hardware wallets, or self-custody options like Yoroi.
Final Thoughts
Cardano’s scientifically grounded approach and scalable infrastructure position it as a long-term contender in the blockchain space. While its price is volatile, ADA’s utility in staking, payments, and dApps offers multiple avenues for investors. Always DYOR (Do Your Own Research) before investing.