|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, April 22, 2019 11:59:03PM UTC|
|Current price, USD:||$0.078|
|Current price, BTC:||0.0000145|
|Market capitalization, USD:||$2 024 052 897|
|Available supply:||25 927 070 538 ADA|
|Volume 24 hours, USD:||$90 496 851|
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, $|
|Apr 22||0.073||0.072||0.079||2 024 052 897|
|Apr 21||0.078||0.072||0.078||1 921 361 012|
|Apr 20||0.079||0.075||0.079||1 983 585 079|
|Apr 19||0.081||0.078||0.081||2 061 207 560|
|Apr 18||0.083||0.082||0.084||2 120 197 588|
|Apr 17||0.084||0.082||0.084||2 153 869 869|
|Apr 16||0.083||0.081||0.084||2 173 518 734|
|Apr 15||0.084||0.082||0.085||2 133 802 704|
|Apr 14||0.083||0.081||0.085||2 192 054 918|
|Apr 13||0.083||0.083||0.085||2 171 447 770|
|ADA price change 24 hours||5.71%|
|ADA price change 7 days||-4.82%|
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.
It's suspicious to me that a project that has raised 108 844.5 BTC in several ICOs doesn't have a whitepaper in a proper sense. The only document available doesn't describe any technical details - only the reasons why the IOHK team considers it necessary to develop it. What advantages Cardano has is also still in question. It can not be said that the new blockchain is unchanged, since consensus can lead to a change in the protocol and the appearance of a fork. The separation of computational layers is also not a unique breakthrough, nor is the voting control mechanism. Technically savvy developers will also notice that instead of C ++, the platform code is written in Haskell.
We publish the most accurate Cardano Forecasts and News including crypto industry experts' opinion on a daily basis
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