Cardano (ADA) is a decentralized public digital currency and blockchain project that is completely an open source. Cardano is building smart contracts platform that is aimed at delivering more advanced features than other previously developed protocols.
The Cardano project is unique, and it openly addresses the need for regulatory oversight while maintaining the protection and privacy of consumers via an innovative software architecture. The Cardano blockchain is scalable, flexible, and it is developed with the most rigorous commercial and academic software standards in the industry.
Cardano Price Today: Current Price of ADA
At the time of writing, Cardano (ADA) is trading at $0.1751 after an increase of 0.9 percent in the last twenty-four hours. The digital currency is holding the number 8 position on the list of leading cryptocurrencies and it has a market cap of $4.46 billion. The trading volume of the coin in the last twenty-four hours is $103.32 million.
Can Cardano (ADA) Reach or Even Overtake Bitcoin?
At the time of writing, the value of Cardano (ADA) against Bitcoin (BTC) is 0.00002583 BTC. The digital currency still has a very long way to go in order to get to the value of Bitcoin (BTC).
Will the Value of Cardano (ADA) Continue To Fall or Rise?
In the last seven days, the value of Cardano (ADA) has decreased by 14.7 percent, and it has reduced by 59 percent in the past month. Since the inception of the coin (on the 10th of January 2017 @ $0.02168), it has appreciated by $0.15960 – which is a change of 836 percent.
Is It Safe to Invest in Cardano (ADA) Now?
At the moment, this digital currency doesn’t provide a “good investment” ground considering how volatile the market is right now. Nevertheless, based on the uncertainty and high volatility in the market, the best you can do is to make an educated guess as to the next direction of the coin.