|Brief||In 2017 Charles Hoskinson, one of the first Ethereum developers, and his IOHK company launched the Cardano project. Cardano is a platform for smart contracts.|
|Last updated:||Monday, August 19, 2019 4:59:06PM UTC|
|Current price, USD:||0.050|
|Current price, BTC:||0.0000047|
|Market capitalization, USD:||1 296 416 062|
|Available supply:||25 927 070 538 ADA|
|Volume 24 hours, USD:||36 223 150|
General ADA facts, technical details and general information about Cardano crypto currency
In 2017 Charles Hoskinson, one of the first Ethereum developers, and his IOHK company launched the Cardano project. Cardano is a platform for smart contracts which main difference from existing systems is the division of the computational layers into a basic one for handling ADA tokens and a layer for placing smart contracts. Cardano uses a new PoS algorithm called Ouroboros, which determines how individual nodes reach a consensus on the network. This algorithm is also a critical part of the infrastructure that supports Ada's crypto currency and is a major innovation in blockchain technology.
We list daily Cardano historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 10||0.049||0.049||0.053||1 347 716 040|
|Aug 11||0.053||0.052||0.056||1 425 499 839|
|Aug 12||0.054||0.053||0.054||1 372 520 557|
|Aug 13||0.053||0.051||0.053||1 363 238 329|
|Aug 14||0.052||0.047||0.053||1 220 895 206|
|Aug 15||0.048||0.046||0.048||1 232 478 090|
|Aug 16||0.047||0.045||0.047||1 213 603 631|
|Aug 17||0.047||0.047||0.048||1 228 764 421|
|Aug 18||0.047||0.047||0.051||1 315 657 396|
|Aug 19||0.051||0.05||0.051||1 296 416 062|
|ADA price change 24 hours||-0.37%|
|ADA price change 7 days||-6.14%|
I hate to say it, but I think Cardano isn’t going anywhere. Ever since the ADA summit, i think investors are very disappointed with not only the zero news, but lack of professionalism. At the end of the summit, Charles even committed animal abuse with the box full of butterflies. I don’t think any CEO on this planet would ever try to pull such a ridiculous stunt, and it lost a lot of credibility for the project. ADA will fall out of the top ten as the market continues to decide who stays and who must go.
Cardano is about to have their first ever blockchain summit next week. This is going to be held in Miami, which is really an amazing place to host such a blockbuster event. I can never say enough positive things about ADA, but this upcoming conference is about to gain so much momentum for the prject, community and coin. Basically they’re about to announce a whole lot of partnerships, future roadmap, staking details, and maybe even a first glance at Shelley mainnet. This is going to bee a bright month for ADA.
Cardano has performed exceptionally well since they released staking details. In the last weeks its risen 20% and doesn't look like it's done quite yet. This is a major catalyst for price action and we expect ADA to continue this trend. Cardano has been in a bear market for longer than most currencies, but it's finally seeing interest in the market and this could be the perfect entry point for this coin.
Cardano is one of the biggest projects in crypto. It's extremely ambitious, but if they manage to pull it off we're all going to make it. ADA does everything, and still manages to be a great store of value. Once Shelley releases we're going to see fireworks.
Cardano has been on the top of my watch list for the last several months. Although it's risen with the tide of the entire cryptocurrency market, I believe we are about to see a turning point regarding its development. The developers at Cardano are extremely serious regarding their projects upcoming milestone: Shelley. As we've seen in the past, I think select altcoins (ADA being one of them) will go counter to the overall bearish trend and slowly move upwards to have an excellent Q2.
We publish the most accurate Cardano Forecasts and News including crypto industry experts' opinion on a daily basis
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