Cardano Price (ADA) Live
Alongside Bitcoin and the like, the cryptocurrency Cardano (ADA) has made itself a well-known name within the trading community. But what’s fascinating is that even those who are new to the world of crypto can’t seem to escape this coin – a coin that’s currently listed as one of the ten largest digital currencies (in terms of market capitalization). What is it that makes Cardano so special, and what should traders think about when buying and selling it in 2022? Lucky for you, we’ve compiled a summary of the most important info and tips on this.
Here you can see the current Cardano price (ADA) and an overview of its historical development. Cardano (ADA) is one of the crypto currencies you can trade at BISON.
CARDANO - EURO (ADA/EUR) |
|
|---|---|
| Current Price | 0,4985 +1,89% |
| Time and Date | Tuesday, 16.01.2024 18:13:40 |
| 24h Low | 0,4793 |
| 24h High | 0,5027 |
| Last 52 weeks Low | 0,2252 (12.09.2023) |
| Last 52 weeks High | 0,6134 (14.12.2023) |
How can I buy and sell Cardano (ADA) in 2024?
Nowadays, you can buy and sell Cardano (ADA) on several different exchanges and trading platforms – but if you’re looking for something fast and easy to navigate, look no further than BISON.
Why buy Cardano (ADA) through BISON? It’s simple, smart, and reliable.
Start trading in just a few steps
Buying Cardano (ADA) is made really easy with BISON: After registering (for free) in the BISON app or via the website, you can set up a user account. After you’ve done this, you’ll be able to immediately start familiarizing yourself with BISON’s features. Once you’re ready to buy your first ADA coins, you’ll just need to get your account verified (quickly and conveniently) through an online verification process. There’s no need to supply your own wallet, deal with technical hurd.
No hidden costs and fees
Feeling good about BISON and its easy-to-use design? Then it’s time to get down to business – and there’s no need to worry about hidden fees or charges. With BISON, you only pay the price you see. You can buy Cardano (ADA) (and all other cryptocurrencies we offer) without any extra transaction, deposit, or custody fees.
Only real coins – always
While other crypto platforms offer not only real coins, but also a variety of alternatives, BISON only offers originals. Low-value or highly speculative derivatives (like CFDs) are explicitly not part of BISON’s philosophy of straightforward, transparent, and secure crypto trading.
Try it out with play money in demo mode
Before buying your first ADA coins, BISON gives you the opportunity to test out its features and learn the ins and outs of trading – all without taking any risks or making any investments. You’re provided play money that you can use to familiarize yourself with the platform, making buying and selling cryptocurrencies a related experience.
Only real coins – always
While other crypto platforms offer not only real coins, but also a variety of alternatives, BISON only offers originals. Low-value or highly speculative derivatives (like CFDs) are explicitly not part of BISON’s philosophy of straightforward, transparent, and secure crypto trading.
Security and transparency powered by the Börse Stuttgart
By choosing BISON, you’re also gaining a reliable partner – the Stuttgart Stock Exchange. You benefit not only from the
Table of Contents
1. What is Cardano (ADA)?
Regardless of whether you’re a beginner or more of a well-versed crypto trader, anyone interested in digital currency is well aware that no other financial market experiences quite such large and brief fluctuations as the crypto market. It’s far from uncommon for coins to drop out of the market as quickly as they first appeared. This is what makes Cardano’s (ADA) development since its launch in 2015 all the more impressive. Despite steep price changes, Cardano’s managed to hold its ground in the face of other competing coins and continues to rank among the top 10 largest cryptocurrencies in the world.
Cardano has undergone a dramatic price increase of almost 650 percent, particularly in the last year (2021). Though ADA wasn’t able to maintain its peak of 2.89 EUR/coin for a very long time, it’s proven to be a relatively resilient cryptocurrency – especially considering the political and economic tensions our world’s been experiencing. High demand for Cardano is another sign that there’s a lot of interest among traders in the coin. As with any other cryptocurrency, though, only time will tell whether Cardano actually has strong potential and can manage to dominate the crypto sphere.
While there’s no way of guaranteeing a crypto’s success, it’s definitely worthwhile to look into the background of a coin that you’re thinking about investing in – this applies to Cardano (ADA). In fact, this cryptocurrency was created by none other than Charles Hoskinson. For those who aren’t familiar: Hoskinson is one of the creators of the blockchain Ethereum (along with the cryptocurrency Ether), which ranks second in market capitalization – right behind crypto leader, Bitcoin. When Hoskinson left the Ethereum team in 2014, it didn’t take long for his enthusiasm towards a new blockchain project to spark – and thus, the Cardano platform was born.
2. How has Cardano's price development been?
A look at price development reveals that Cardano’s most successful year to date was 2021, when its price peaked at 2.89 EUR/coin. So anyone who bought a Cardano coin at the start of 2021 was able to see their investment grow 14-fold by September 2021.
This was followed by price corrections and quite a few fluctuations, which are typical for the crypto market. Ongoing challenges within the global political landscape also continue to have an impact on crypto prices. However, despite this, ADA has managed to earn a spot among the top 10 coins and is, once again, growing in popularity (as of June 2022).
This was followed by price corrections and quite a few fluctuations, which are typical for the crypto market. Ongoing challenges within the global political landscape also continue to have an impact on crypto prices. However, despite this, ADA has managed to earn a spot among the top 10 coins and is, once again, growing in popularity (as of January 2024). In 2023 there was a stable price between 0.25 US-Dollar and 0.43 US-Dollar. At the end of 2023 the price had a big jump. On December 23 the price went up to 0.63 US-Dollar. At the beginning of 2024 the price is around 0.60 US-Dollar.
3. What makes ADA so special?
The Cardano blockchain is often dubbed the “Ethereum killer” because the system specifically targets Ethereum’s weak points with the aim of optimizing them – but Cardano also targets other coins’ flaws.
This is where the sustainable use of resources, especially in terms of power consumption, comes into play. Currently (June 2022), Ethereum is based on what’s known as the proof-of-work concept, just like Bitcoin. Put simply, this translates to the following: A standard decentralized blockchain survives from the fact that new blocks are continuously being added to it. This process consumes vast amounts of energy because it requires solving complex mathematical problems that demand a great deal of computational power. The same applies to transaction verification processes within the blockchain.
This is where Cardano really shows its worth: Its protocol is designed to keep energy consumption as low as possible when new blocks are created. This actually works pretty well because, unlike Ethereum, Bitcoin, and the like, Cardano doesn’t use the proof-of-work method – instead, it uses the proof-of-stake approach. With this technique, it’s not so much the computing power and countless hardware that matters, but rather the network participants who validate transactions and new coins. Participants have to contribute a certain amount of coins in order to participate in blockchain production.
If the environmental aspects of buying and selling cryptocurrencies is also important for you, ADA is well worth your attention. Though the environment isn’t the only factor that matters when it comes to investing in digital currencies, the fact that the Cardano blockchain is relatively conservative when it comes to energy consumption does make it stand out from the crowd.
4. What are Cardano's advantages in comparison to Bitcoin (BTC) and other digital currencies?
Environmentally friendly: Because the Cardano blockchain works using the proof-of-stake method, it consumes significantly less power than most other digital currencies. To put it in perspective: According to Cardano developer Charles Hoskinson, the cryptocurrency is 1.6 million times more energy-efficient than bitcoin.¹
Fast and well-scalable: Beyond that, Cardano has also proven to perform above average when it comes to processing transactions. While Bitcoin can process a maximum of 7 transactions per second (TPS) and Ethereum up to 45 TPS, Cardano is able to process 250 TPS. But it doesn’t stop there; the Cardano network is actually working on a major update called Hydra (as of June 2022) that’s expected to soon enable a transaction speed of up to 1 million TPS.²
Peer-Reviewed Research: Another one of Cardano’s (ADA) perks is its meticulous academic blockchain development. All technological proposals are examined and reviewed by the community as part of a peer-review process. This way, potential problem areas or security flaws can be discovered and fixed as early as possible. This is what drives the constant development of its blockchain at a high scientific level.
5. What are Cardano's disadvantages in comparison to Bitcoin (BTC) and other digital currencies?
Other coins are following suit technologically: While Cardano (ADA) delivers strong benefits compared to many other cryptocurrencies thanks to its proof-of-stake process, other coins are also undergoing interesting developments. For instance, Ethereum – the second largest blockchain – is also working on a transition to staking (as of June 2022). This will make it harder for Cardano to distinguish itself in the future.
Little impact due to scarcity: Just like Bitcoin, ADA is limited to a certain number of coins, specifically 45 billion ADA. However, while the scarcity of available coins acts as a price driver for Bitcoin, it hasn’t quite had this effect on ADA yet. The question of if and how this factor will influence Cardano’s price development in the future is yet to be answered.
Source:
¹ https://www.forbes.com/sites/stevenehrlich/2021/04/26/cardano-and-ethereum-founder-analyzes-the-newest-evolutions-in-crypto-and–blockchain-technology/?sh=59278f8a3e52)
² https://medium.com/coinmonks/2022-the-year-of-cardano-29052ad79c8d
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