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Cardano price
$1.02
Cardano price
About Cardano (ADA)
Cardano is a research-driven cryptocurrency. Cardano is the first proof-of-stake blockchain platform to be founded on peer-reviewed research. It's powered by Ouroboros, a protocol that its proponents claim has improved upon security, scalability and energy efficiency versus other proof-of-work predecessors, like Bitcoin. ADA is the native token of Cardano and can be staked to earn rewards.
Cardano (ADA) Price Today
Cardano price today is $1.02.
25,512,324 ADA was purchased today on Kraken worth $25,971,546. Check out the ADA chart above for more real time price data. Want to get updates on the latest crypto prices on-the-go? Sign up today to receive ADA price alerts. Kraken lets you buy and sell 381 cryptocurrencies, including ADA. There are some geographic restrictions which may affect the assets that are available in your verified country of residence. View all crypto prices.
The bullish take on Cardano
Cardano's development is guided by peer-reviewed research methods, with the aim of building a scientifically robust and secure blockchain infrastructure that appeals to institutions and governments.
The upcoming Hydra scaling solution aims to drastically increase transaction throughput, with the goal of reaching millions of transactions per second, which would place Cardano among the most scalable and robust blockchain platforms available today.
With the introduction of smart contracts via the Alonzo upgrade, Cardano is seeing increased adoption for developers building DeFi, NFTs, and dApps projects,while also building blockchain bridges that increase compatibility with blockchains such as Ethereum and Solana.
The bearish take on Cardano
Cardano’s methodical, research-driven approach has resulted in competitors like Ethereum and Solana quickly gaining momentum in the short term as Cardano focused on more rigorous standards.
Despite enabling smart contracts with the Alonzo upgrade, Cardano has struggled to develop as diverse of a DeFi and dApp ecosystem compared to other Layer 1 blockchains.
Although Cardano has delivered on partnerships with governments and organizations, it has not yet reached the same level of growth and usage as some other Layer 1 networks.
Cardano (ADA) Price History
Cardano price is +19.23% over the last year. The highest price of ADA in the last year was $1.75 and the lowest price of Cardano in the last year was $0.43.
24h
-4.04%
7d
-1.77%
1m
-6.32%
1y
+19.23%
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Categories
Kraken classes Cardano to be within the following categories: Smart Contract Platform, Layer 1, Cardano Ecosystem, Proof of Stake.
Get started with Cardano in Canada
Buy Cardano
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Cardano staking
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Cardano FAQ
Can I trade Cardano at a lower price?
Yes, you can choose what price you pay for Cardano using Custom Orders on Kraken. If the price of Cardano reaches to your desired price, the order will execute automatically.
Is now a good time to buy Cardano?
Timing the market can be tough, but dollar cost averaging can help. By setting up recurring buys, you can constantly accumulate Cardano over time and not worry about whether or not now is the best time to buy.
What is the daily trading volume of Cardano?
25,512,324 ADA worth $25,971,546 was traded on Kraken in the last 24 hours.
What affects the Cardano price?
A variety of factors affect the price of Cardano including market sentiment, technical developments, user adoption and macro economic events.
How do I read the Cardano price chart?
To read the Cardano price chart, it can be useful to start by understanding the X-axis (which represents time) and the Y-axis (which represents the price). A line chart connects a crypto asset's closing prices with straight lines to clearly display its performance over time.
How can I analyze prices with the Cardano chart?
Analyzing price movement using the ADA chart can involve identifying areas of support and resistance, or using technical analysis which is the study of past price movements to forecast future trends. However, it's important to remember that no method can predict prices with 100% accuracy due to the market's volatility.
Cardano Dollar Cost Averaging Calculator
See how much value you'd have today if you had dollar-cost averaged into different cryptocurrencies.
Cardano markets
Explore popular Cardano trading pairs on Kraken. You can swap ADA for cash, stablecoins or other digital assets.
Popular markets
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