|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:||Tuesday, October 22, 2019 4:57:06PM UTC|
|Current price, USD:||0.040|
|Current price, BTC:||0.0000048|
|Market capitalization, USD:||1 031 400 752|
|Available supply:||25 927 070 538 ADA|
|Volume 24 hours, USD:||37 764 650|
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, $|
|Oct 13||0.041||0.041||0.042||1 071 852 597|
|Oct 14||0.041||0.041||0.042||1 083 474 445|
|Oct 15||0.042||0.039||0.042||1 031 011 908|
|Oct 16||0.040||0.038||0.04||1 004 433 806|
|Oct 17||0.038||0.038||0.04||1 024 831 794|
|Oct 18||0.039||0.038||0.04||987 128 932|
|Oct 19||0.038||0.038||0.039||1 016 789 785|
|Oct 20||0.039||0.038||0.04||1 024 858 733|
|Oct 21||0.039||0.039||0.039||1 018 420 797|
|Oct 22||0.040||0.04||0.04||1 031 400 752|
|ADA price change 24 hours||2.06%|
|ADA price change 7 days||-1.36%|
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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