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You’ve heard a bit about Cardano coin and would like to know more about this crypto before investing. Or you came here out of curiosity what this crypto is and does. That’s also possible, of course. Whatever your reason is, you’ve landed on the right page. On this page you’ll find all the important key points like the blockchain technology, the price and where to buy Cardano (ADA), the rate and its expectation and the latest news about this crypto.
The Cardano blockchain with the ADA coin was created and founded by Charles Hoskinson, who also happens to be co-founder of Ethereum, in partnership with IOHK (Input Output Hong Kong) where Charles is CEO. The project went live in 2017 after a two-year initial coin offering (ICO) that raised $62.2 million. Shortly after the launch, Cardano reached a market capitalization of billions of dollars with the ADA coin and is a fixture in the top 5 partly because of the marketcap and the technology.
Cardano (ADA) can been called the Japanese Ethereum, just as NEO is called the Chinese Ethereum. The crypto characterizes itself as the 3rd generation crypto. The 1st generation crypto is e.g. Bitcoin, as in digital gold or replacing a fiat currency, 2nd generation is e.g. Ethereum with smart contracts and the 3rd generation cryptos, also called ‘Internet of Blockchains’, are seen as blockchain projects with advanced smart contracts that are ready for the future in which they can quickly adapt to technological developments.
Cardano with its own coin ADA, operates on its own blockchain with a network consensus Proof-of-Stake mechanism called Ouroboros. Cardano’s blockchain distinguishes itself, compared to Ethereum, in its fast transactions and smart contracts that are separate from each other by using two different layers. In Ethereum’s blockchain, those layers are intertwined. One layer is called Cardano Settlement Layer (CSL) for processing transactions and the other is called Cardano Computation Layer (CCL) and serves to program, process and execute smart contracts. The advantage of a parallel chain is that it makes the blockchain more scalable, as the transaction history and the chain for the smart contracts operate separately.
On Cardano’s blockchain, ADA coin is the driving force that makes the network functional. It is also called the Cardano coin with the ticker $ADA. Both are correct. ADA is not a token, as ADA operates on its own blockchain. Owners of ADA coin can not only hope for returns as investors, but also get the right to vote on any proposed changes to the software. Because Cardano’s Ouroboros is a Proof-of-Stake protocol, you also have the option to stake your ADA coins. By staking your cryptocoins you will receive interest on the number of ADA you have set aside for this purpose. The current total supply of ADA coins is 45,000,000,000 of which 32,066,390,668, at the time of writing, are in circulation.
The Cardano price has experienced relatively few rises and falls and thus seems less volatile than, say, Bitcoin. When Cardano launched, the price of one ADA coin was only at € 0.02. During the first big bull run at the end of 2017, the crypto gained more attention, causing the price to rise to a value of € 0.97. An increase of 4750% after a few months after launch. Several months later, the Cardano price dropped to € 0.10. The chart went sideways for a few years after which it regained traction in the beginning of 2021 and after a few months posted an all time high of € 2.48. That is an increase of 12300%! If you were lucky enough to buy ADA for € 100 after launch, and sold during the all time high in mid 2021, you would have € 12,300 profit! Follow the price of ADA live in the chart at the bottom of this page.
Crypto analysts expect Cardano (ADA) coin to have the potential to reach a price point of $ 20, due to future developments,. It is not called the Ethereum killer for nothing. By preparing for the Alonzo hard fork, Cardano (ADA) managed to bump Binance coin (BNB) from spot 3 by mid-2021 based on market capitalization. Whether you can expect Cardano to bump Ethereum from spot 2 remains to be seen. One thing is for sure, the crypto has a lot in store regarding the developments of their 3rd generation blockchain.
Owners of Cardano coin or ADA coin have the opportunity to earn “interest” by staking ADA at a crypto exchange or broker that supports staking. You are rewarded by participating in the Cardano blockchain network and automatically strengthening its security. Also, with staking, you get a voting right on future updates of the network. The annual return you can receive varies by provider. Currently, you can stake Cardano (ADA) based on different terms at the following crypto exchanges and broker:
Buying Cardano can be done at various exchanges and brokers like Binance, Bitvavo, Coinmerce, BLOX, Bitladon and many others. Currently, you can buy, sell and trade Cardano (ADA) at Binance and Bitvavo most cheapest. Binance currently has the most active market. If you start today at Binance you will then receive 20% off transaction fees for life. More deals to buy the crypto can be found on our crypto deals page. The provider with the best euro (€) prices to buy Cardano (ADA) is always shown below.
Similar to VeChain (VET), which is widely used in wineries for wine tracking, Cardano (ADA) is used by agricultural companies, among others, to track fresh products from field to consumer in the blockchain. In addition, with the integration of smart contracts (Goguen), Cardano (ADA) allows developers to create their own blockchain applications. The technology is the same as what has been possible with Ethereum for a long time with e.g. Axie Infinity, but with faster transactions and lower transaction costs. Metaverse games, NFTs (non-fungible tokens) and exchanges are mainly the applications that will be build on the blockchain Cardano. The competition for a Uniswap-like exchange, but on Cardano, has been started as applications have already been announced and receive some attention and hype and will be launched in the near future.
Cardax, which stands for Cardano DEX, is the first decentralized exchange (DEX) that operates on Cardano. At Cardax, it is possible to exchange ADA coins for native tokens from applications built on the Cardano blockchain. According to Cardax founder Ryan Morrison, the Cardax platform is going to combine the best of both worlds to solve problems such as insufficient liquidity and random slippage. Unlike Uniswap and other DEXs, Cardax.io ensures that:
Cardax has its own native token, called $CDX. The token will be used for staking and loan purposes. The platform will launch in Q3 or Q4 2021.
SundaeSwap; a scalable decentralized exchange with its own token that operates on the Cardano blockchain. SundaeSwap is similar to Uniswap with Ethereum applications and PancakeSwap with Binance Smart Chain applications. The purpose of SundaeSwap is similar to that of Cardax, but with a sweet juicy design, like that of PancakeSwap. SundaeSwap enables crypto for crypto to be exchanged, discontinued, borrowed and lent. SundeaSwap’s native token is called $SUNDAE and acts as a means of payment on the platform. There are 2 billion $SUNDAE tokens available, much of which will go to developers and some to shareholders. SundaeSwap will launch in Q4 2021.
Cornucopias is one of the first NFT play-to-earn and build-to-earn metaverse game to launch on the Cardano (ADA) blockchain. The game, fully called Cornucopias – The Island Awaits, is divided into three themes where players can own and create characters, land and other NFT-based assets that represent real world value. Everything is hosted in a fun and expanding metaverse with the three themes on the Wild-West, Farm Life and The Age of The Samurai. In each theme, players can play a series of mini-games and ‘get lost’ in the play-to-earn ecosystem. For the build-to-earn section, creative players can design their own objects, such as household furniture. This furniture can be turned into an ‘Island Blueprint’ which other players can then buy and place in their own homes or resell.
Cornucopias begins with the purchase of one of the theme-related NFTs worth $ 30. Abigale for the Wild West, Hayashi for the The Age of The Samurai and Daisy for Farm Life. There will be 1000 of each made available with each having its characteristics and scarcity. That means only a maximum of 3000 players can play the game! When the game will launch is not clear, but be quick because the NFTs will sell out quickly.
Due to the major developments going on, including the Alonzo hard fork, there is some Cardano news almost every day. Most recent Cardano news can be found on our news page. Below we have placed some interesting news articles for you to read about the recent developments:
The Cardano whitepaper goes deeper into the subject matter of the company and the developments surrounding the technology that drives the crypto. The whitepaper further explains all the core components, details how Cardano was designed and its architecture, how the network works, explanations of transaction fees and monetary policies, releases, a compatibility matrix, a glossary of terms, as well as community resources. Read more about it in their white paper, found in the link below.