Cardano (ADA) rate

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What is Cardano? (ADA)

Cardano (ADA) is a third-generation decentralized blockchain based on the Proof-of-Stake (PoS) algorithm. The main goal of Cardano (ADA) developers is to increase efficiency compared to blockchains based on Proof-of-Work (PoW). The PoS mechanism in Cardano works classically – users are rewarded in cryptocurrency for work done to revise and expand the historical records of the blockchain.

Cardano (ADA) is also the native cryptocurrency of the Cardano blockchain. The native blockchain token is named ADA in honour of Augusta Ada King, an English aristocrat who became the first female programmer in history. These coins have quite a wide functionality: they can be delegated to the network’s steaking pools using any popular cryptocurrency wallets.

The Cardano blockchain became popular thanks to the unique architectural solutions implemented on this platform. Cardano is known for its wide community engaged in researching the project and making useful changes to the architecture of the project.

Cardano is a convenient system for decentralized applications (dApps) with multiple use cases. ADA token can be purchased on most major cryptocurrency wallets and exchanges.

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Why Cardano may grow in 2025?

The Cardano blockchain (ADA) is one of the most innovative blockchains in the world. Its global goals include not only creating innovative tools in the cryptosphere (such as Hydra), but also creating decentralized solutions for external use.

ADA is thus one of the most secure, scalable and innovative blockchain structures in the digital sphere. When adding Cardano (ADA) to your portfolio it is always worth remembering the high volatility of all cryptocurrencies without exception.

Cardano blockchain was created by one of the co-founders of Ethereum Charles Hoskinson, who left the project due to disagreements with the direction of development of this blockchain. The blockchain is named after Gerolamo Cardano, a prominent Italian mathematician, physicist and gambling enthusiast.

The Cardano project has one of the strongest and most experienced teams in the industry, including Aggelos Kiaias (Chief Scientist, cryptographer and Professor at the University of Edinburgh) and Jeremy Wood (former Executive Director of the Ethereum Foundation).

The creation and initial development of the Cardano blockchain began in 2015. The first block on the Cardano network was mined in 2017.

Cardano’s ideologists position their project as an improved Ethereum. One of the main goals of the project is to provide banking services to anyone who does not want to open a standard bank account.

In 2017, the non-profit Cardano Foundation was created to oversee the development of the Cardano blockchain and promote its adoption. Jeremy Wood’s Experience The Cardano blockchain has undergone four notable hard forks: the Shelley, Alonzo, Vasil, and Valentine hard forks.

Cardano Foundation

The main structure of the Cardano blockchain, a non-profit organisation that aims to ‘standardise, protect and develop Cardano technology’. It is responsible for all external PR activities, including public relations and partnerships with other projects. The Cardano Foundation also communicates with financial regulators and government agencies.

IOHK («Input Output Hong Kong»)

IOHK is the technology company that directly develops the Cardano cryptocurrency itself (ADA).

Emurgo

An investment fund with offices in Singapore, Japan, the US, Indonesia and India. It helps businesses to properly integrate into the Cardano system and provides full support to all companies interested in operating on this blockchain.

The developers of the Cardano blockchain use a rather complex approach to develop the project and solve current problems. Despite the fact that the blockchain was originally built on the PoS algorithm, it also used the UTXO model, which came from bitcoin. However, this model is not able to correctly support the functionality of smart contracts, so Cardano developers created an adapted version of UTXO called Extended UTXO (EUTXO). This version involves splitting a smart contract into multiple transactions.

The system also uses Ouroboros, the first scientifically proven Proof-of-Stake algorithm. This algorithm is based on randomly selecting validators to add new blocks to the blockchain. The more ADA tokens you own, the more likely you are to be selected as a validator.

Each node in the network keeps its own record of transactions, which provides a higher level of security. Inputs and outputs reflect the origin and flow of funds. Inputs indicate from which address the funds come, and outputs – to which address they are sent.

Cardano has a two-tier structure, which greatly improves network performance.

Cardano Settlement Layer (CSL): responsible for processing transactions and managing the ADA cryptocurrency.

Cardano Computation Layer (CCL): responsible for the execution and control of smart contracts, as well as the functionality of decentralized applications (dApps).

The Cardano blockchain platform is one of the most versatile networks in the cryptosphere. The main focus of the blockchain is decentralized applications, smart contracts and global tasks.

Creating and adjusting smart contracts

Cardano’s blockchain platform provides a set of tools to create and maintain secure and reliable smart contracts. This opens up new opportunities for businesses in very different areas – from business automation, lending, steaking and asset exchange to Web3 game development.

Globalisation

The Cardano network offers solutions for scalability. For example, Hydra, which is similar to Bitcoin’s Lightning Network in the way it operates and is structured. This means that transactions in such channels can be conducted outside the blockchain using smart contracts of the main network.

Solving social problems

The innovation of the Cardano blockchain is that its usefulness and effectiveness extends far beyond the cryptosphere. The technology behind this network has long been successfully used in projects to improve people’s lives.

One of the first and main goals of the Cardano blockchain has always been to support people who, for various reasons, do not have traditional bank accounts. This is especially true for people in third world countries who have difficulties in using classic banking instruments. Cardano (ADA) allows millions of people from developing countries to access traditional banking instruments quickly and easily.

Document digitalization

The Cardano blockchain (ADA) is also an ideal tool for the digitalization of documents. This can make it much easier, for example, to issue educational certificates and reduce bureaucracy in all areas of life.

ADA cryptocurrency is one of the most environmentally friendly in the world thanks to the Ouroboros consensus algorithm based on Proof-of-Stake. The excellent ratio of minimal energy consumption and high level of security and decentralization is the key to stable trust from users and no less stable price of ADA.

In addition, Cardano (ADA) is characterised by a unique scientific approach to development. The project team includes a record number of researchers led by cryptographer Aggelos Kiaias.

The platform’s two-tier architecture, consisting of the Cardano Settlement Layer (CSL) and Cardano Computation Layer (CCL), improves transaction speed and performance. In this way, the platform has successfully separated transaction processing and smart contract execution.

ETFs are one of the main trends in the cryptosphere in 2025. The Cardano project is not standing apart from this trend. On 11 February, Grayscale filed an application to create a spot ETF based on the Cardano cryptocurrency (ADA).

Also on 10 November 2024, the price of ADA skyrocketed by 20%. Experts attribute this to the fact that the project’s founder Charles Hoskinson may be part of Donald Trump’s new administration in 2025. In addition, the general loyalty of the new Trump administration to cryptocurrencies and the confident statement of the US President about the intention to create a state reserve of cryptocurrencies, give confidence in the prospects of ADA.

To amplify the effect in the same month, the founder of Cardano (ADA) announced talks with Elon Musk’s SpaceX.

ADA (USD) Price: Rise in Late 2024

Cardano (ADA) Market Cap in USD. Source: CoinGecko website

Cardano: rate, market capitalization, number of coins in circulation and other data

At the moment, the market price of ADA is 0.8068 USD. The market capitalization is 29,335,534,466 USD.

The maximum capitalization of ADA was in 2021 – almost 95 billion USD. The maximum number of ADA tokens in circulation is 45.00 billion.

Cardano (ADA) cryptocurrency’s maximum price of 3.09 USD was recorded on Sep 02, 2021.

The main function of the ADA coin is transactions in the Cardano blockchain. Staking is also available for blockchain users plus the ability to delegate coins to operators of node-staking pools. Especially for the delegation function, the company has developed native wallets platform Daedalus (developed by IOHK) and Yoroi (developed by Emurgo). At the moment, the yield on ADA delegation ranges from 3.7% to 4.2% per annum.

ADA Price, Value, and Market Cap in USD. Top 10 Cryptocurrencies. Source: CoinMarketCap

When will Cardano grow?

Cardano is a cryptocurrency, and like any asset created on the blockchain, it is quite volatile. As a consequence, it is quite difficult to predict its growth or fall. However, there are certain markers that can be used to judge the upward and downward price trends of this cryptocurrency with a reasonable degree of probability.

At the moment, Cardano is strengthening its position in the DeFi sphere with the help of ETFs, as well as active external communications with the world’s leading companies and powerful networking in the form of its own Cardano Summit event allow us to expect that ADA will hold a leading position in the list of cryptocurrencies in 2025.

FAQ

What is Coin24?

Coin24 is a reliable international service for buying and selling cryptocurrencies. Since 2011, our platform has been providing exchange services for Bitcoin, USDT, Ethereum, as well as other virtual currencies. Coin24 is a platform with high security standards and is a premium choice for managing your digital assets.

What is Cardano?

Cardano (ADA) is a decentralized PoS blockchain designed as a more efficient counterpart to PoW-based blockchains. Cardano's PoS consensus mechanism utilises and rewards cryptocurrency for work done to revise and expand the blockchain's historical records.

What payment methods are available to buy and sell Cardano on Coin24?

With our help, you can easily exchange Cardano (ADA) using credit or debit cards issued by PrivatBank (Privat24), Monobank, PUMB or any other Visa/Mastercard provider.

Can I exchange Cardano (ADA) to Coin24 without a bank account?

Yes. Coin24 offers the possibility to buy or sell cryptocurrency for cash without opening a traditional bank account. Simply contact a manager to organize a meeting in your city or nearest convenient location. We support cash transactions in USD, EUR and UAH, providing a flexible and affordable way to manage your crypto transactions.

How to cash out or buy Cardano (ADA) for cash?

On our platform you can deposit or withdraw ADA for cash in USD, EUR or UAH. Simply contact a manager to organize a meeting at a location convenient for you. If your city is not on the list, contact our team to discuss options. All transactions are processed at current exchange rates.