Cardano Price ADA

#11

$0.35

1.00%

Buy Now

Price Information

1 Year Change

-62.35%

All Time High

$3.10 -88.65%

Volume 24h

0.4 B $ -21.22%

Market Cap

13.5 B $ 1.00%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Cardano

ADA Price Pulse: What’s Moving It?

Cardano (ADA) is currently priced at $0.35, reflecting a 3% increase over the last 24 hours. With a market capitalization of approximately $13.5 billion, ADA remains one of the prominent cryptocurrencies in the blockchain space. This upward price movement can be attributed to several factors, including optimistic market sentiment around Cardano’s ongoing development milestones and broader crypto market trends.

Recent updates on Cardano’s blockchain upgrades and partnerships often influence investor confidence. Additionally, general market momentum and increased trading volumes can push prices higher. The 3% gain suggests a moderate bullish sentiment, often seen when investors anticipate positive developments or react to favorable macroeconomic indicators for cryptocurrencies.

ADA Price Catalysts: Bull Case & Bear Case

Bull Case: Cardano has consistently aimed to build a scalable and environmentally friendly blockchain platform, which appeals to investors focused on sustainability. The upcoming technological upgrades and increased adoption through decentralized applications (dApps), smart contracts deployment, and real-world use cases can drive demand for ADA tokens.

Furthermore, Cardano’s strong community and developer engagement position it well for long-term growth. Positive regulatory news or broader acceptance of cryptocurrencies as investment assets can also contribute to price appreciation. The bullish outlook factors in Cardano’s competitive advantages and expanding ecosystem.

Bear Case: On the downside, Cardano faces stiff competition from other smart contract platforms like Ethereum and Solana that have larger developer networks and more established dApp ecosystems. Delays in network upgrades or technical issues could temper investor optimism.

Additionally, broader crypto market volatility, adverse regulatory developments, or worsening macroeconomic conditions such as rising interest rates might weigh on ADA’s price. Investors should be mindful that crypto investments are inherently risky and subject to sudden price swings.

Frequently asked questions

Why is Cardano going up right now?

Cardano's recent 3% price increase is mainly driven by positive investor sentiment around ongoing development progress, upcoming network upgrades, and favorable market trends within the cryptocurrency sector.

What factors affect ADA’s price movement?

ADA’s price is influenced by technological developments, adoption rates, market demand, broader crypto market trends, and regulatory news.

Is Cardano a good investment now?

While Cardano offers strong technology and development prospects, potential investors should consider their risk tolerance and the volatile nature of cryptocurrencies before investing.

How does Cardano compare to other cryptocurrencies?

Cardano focuses on scalability and sustainability and competes with platforms like Ethereum by offering a proof-of-stake consensus mechanism and research-driven development approach.

What is the significance of Cardano’s market cap?

Cardano’s market cap of approximately $13.5 billion reflects its valuation based on circulating supply and price, indicating its position as a major player in the crypto market.

Where can I buy ADA tokens?

ADA tokens can be purchased on most major cryptocurrency exchanges such as Binance, Coinbase, and Kraken.

Popular Cardano Exchanges

View All

Crypto.com is a global cryptocurrency platform that lets users buy, sell, and trade digital assets. It offers a secure wallet, a crypto-backed Visa card, staking, DeFi services, and various financial products designed to make crypto accessible for everyday use.

Rating:

2.9

Reviews:

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.8

Reviews:

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews:

WhiteBIT is a centralized crypto exchange offering spot, margin trading & staking, with a strong focus on security & compliance. It was founded in 2018 and is registered in Lithuania, although it operates globally.

Wirex is a digital payments platform that bridges crypto and traditional finance, letting users buy, hold, and spend both fiat and digital currencies with a single card.

Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

Rating:

3.9

Reviews:

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews: