Cardano Price (ADA)

Cardano (ADA) is a blockchain platform launched in 2017 with the goal of enabling decentralized applications, smart contracts, and global innovation. Named after 16th-century Italian polymath Gerolamo Cardano, its native cryptocurrency, ADA, honors 19th-century mathematician Ada Lovelace. Cardano aims to address issues of scalability, sustainability, and security by dividing its blockchain into two layers: the Cardano Settlement Layer (CSL) for transaction validation and the Cardano Computing Layer (CCL) for smart contract execution. The platform uses the Ouroboros proof-of-stake (PoS) consensus mechanism to validate transactions and maintain its network. Cardano’s unique structure is designed to handle high transaction volume while offering low transaction costs, making it a noteworthy player in the cryptocurrency space. ADA holders also play an active role in the network by participating in governance decisions, voting on changes to the protocol, and staking ADA to support the blockchain.

Cardano operates using Ouroboros, a proof-of-stake consensus mechanism designed with the goal to be more energy-efficient and scalable than traditional proof-of-work systems like Bitcoin’s mining process. Ouroboros selects validators based on the amount of ADA they stake, rewarding participants who support the network with ADA incentives. Cardano’s layered architecture separates the ledger of assets from the computational processes, aiming to create a secure and flexible environment for developers. The platform’s blockchain network is built to support various applications, including stablecoins, decentralized finance (DeFi), and non-fungible tokens (NFTs).

Cardano supports a wide range of use cases. For example, the platform has been used by agricultural companies to ensure transparency in the supply chain, tracking produce from field to table. Educational institutions have leveraged Cardano’s blockchain network to store credentials in a tamper-proof system, while retailers use it to combat counterfeit goods. The introduction of smart contracts with the Alonzo upgrade has expanded Cardano’s potential into areas like DeFi and NFT marketplaces. Cardano, designed with the goal to process high volume transactions quickly and efficiently makes Cardano an potential choice for developers aiming to build innovative digital assets and applications.

Cardano was founded in September 2017 by Charles Hoskinson, one of the co-founders of Ethereum, with the vision of creating a third-generation blockchain network that improves upon earlier systems like Bitcoin and Ethereum. The project is guided by peer-reviewed academic research, emphasizing durability and transparency. Over the years, Cardano has undergone several upgrades, each named after historical figures. The Shelley upgrade decentralized the network, while the Alonzo hard fork introduced smart contracts. The platform’s Ouroboros consensus mechanism was developed with input from universities like Edinburgh and Tokyo, aiming to provide a scalable and environmentally sustainable solution. Over the years, ADA has had a dynamic price history, with its price today reflecting ongoing developments and market demand. At times, ADA’s live price has seen notable spikes, reaching an all-time high in September 2021 when its value soared to $3,10. The price now varies as it responds to market trends, technological progress, and adoption rates.

Proof of work (PoW) and proof-of-stake (PoS) are the two primary consensus mechanisms used in cryptocurrency networks. PoW, popularized by Bitcoin, relies on computationally intensive mining, where participants solve complex problems to validate transactions. This process consumes significant energy and may lead to slower transaction speeds. In contrast, PoS selects validators based on their staked tokens, such as ADA in Cardano’s system. Validators who stake more crypto assets are more likely to be chosen to validate transactions and receive rewards. This approach aims to significantly reduce energy consumption while maintaining network security. Cardano’s PoS system, Ouroboros, incorporates additional layers of transparency and efficiency, making it a sustainable option for modern blockchain applications.

Much like the Ethereum blockchain's native cryptocurrency is ETH, the Cardano blockchain's native cryptocurrency is ADA — which can be bought or sold via exchanges like Coinbase or Binance. These exchanges allow you to purchase ADA easily while also providing tools to check its price today and track its live price. Whether you’re curious about ADA's price now or comparing it to its all-time high, these services help you stay updated on ADA's worth at all times. Today, ADA can be used to store value (perhaps as part of your crypto portfolio), to send and receive payments, and for staking and paying transaction fees on the Cardano network. 

The future price of Cardano (ADA) in 2030 is uncertain and influenced by various factors such as technological advancements, adoption rates, and market sentiment. The cryptocurrency market is highly dynamic, with price fluctuations driven by demand, supply, and crypto market trends. While some speculate on Cardano's potential growth, its value will ultimately depend on how well the platform continues to develop its blockchain network and attract a strong community of developers and users.

Deciding whether to hold or sell Cardano depends on individual goals, market trends, and personal strategies. Those with confidence in the platform's long-term potential may choose to hold, while others might adjust their positions based on price fluctuations or changing market sentiment. Staying informed about Cardano's price today and crypto market dynamics can help users make more informed decisions that align with their objectives.

Predicting the ADA price five years from now depends on factors such as adoption, regulatory developments, and crypto market conditions. If Cardano's blockchain network continues to expand its use cases and attract a growing community, its price could reflect this growth. However, the cryptocurrency landscape is volatile, and price fluctuations are common. Users interested in ADA should monitor its current supply, transaction volume, and broader market trends.

For the ADA price to reach $100, it would require a significant increase in market volume, adoption, and utility across the network. Such growth would likely depend on Cardano's ability to scale, attract new users, and maintain its role as a key platform in the crypto market. While it is not impossible for the ADA price to reach this milestone, it would require significant advancements and strong market sentiment both within the community and beyond.

The Vasil Hard Fork is an upgrade to the Cardano blockchain network designed to improve its efficiency and scalability. Named after Cardano community member Vasil St. Dabov, this upgrade introduced enhancements to smart contracts, transaction speeds, and overall platform functionality. The goal of the Vasil Hard Fork is to strengthen Cardano's ability to support high transaction volume and remain competitive in the evolving crypto market.

The Alonzo Upgrade was a pivotal moment in Cardano's history, enabling smart contract functionality on its blockchain network. This upgrade opened the door for developers to create decentralized applications (dApps), NFTs, and stablecoins on the Cardano platform. By integrating smart contracts, the Alonzo Upgrade has allowed Cardano to compete with other major blockchains like Ethereum, driving adoption and influencing its price trends.

While both Cardano and Ethereum are blockchain networks that support smart contracts and decentralized applications, they differ in architecture and consensus mechanisms. Cardano uses a proof-of-stake system called Ouroboros, which emphasizes energy efficiency, while Ethereum transitioned from mining with proof-of-work to proof-of-stake in 2022. Cardano separates its network into two layers for added flexibility, while Ethereum operates on a single-layer model. Additionally, Cardano’s upgrades are driven by peer-reviewed research, reflecting its focus on academic rigor and long-term scalability.

Cardano does not use a mining process like Bitcoin. Instead, it relies on a proof-of-stake consensus mechanism, where validators are chosen based on the amount of ADA they stake in the network. Validators play a critical role in maintaining the blockchain network and validating transactions. This approach eliminates the need for energy-intensive mining and contributes to the network's sustainability.

We update our Cardano to USD currency in real-time. Get the live price of Cardano on Coinbase.

The current market cap of Cardano is $22.74B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Cardano is $3.10. This all-time high is highest price paid for Cardano since it was launched.

Over the last 24 hours, the trading volume of Cardano is $706.17M.

Assets that have a similar market cap to Cardano include TRON, UNUS SED LEO, Dogecoin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Cardano is 35 billion.

Cardano ranks 6 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 98% of Coinbase users are buying Cardano. In other words, 98% of Coinbase customers have increased their net position in Cardano over the past 24 hours through trading.

Yes, Cardano is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Cardano guide.