$ADA
Cardano, also known as ADA, is a decentralized, open-source blockchain platform that supports smart contracts and decentralized applications (dApps). Here's a brief overview:
*Current Price and Market Cap*
- Current price: $0.7603, with a 2.7% increase
- Market capitalization: $27,429,125,469, ranking #9 on CoinGecko
- 24-hour trading volume: $849,138,194
*Key Features*
- *Proof-of-Stake (PoS) Consensus*: Cardano uses a unique PoS mechanism called Ouroboros, which splits the blockchain into epochs and time slots for efficient transaction verification
- *Scalability*: Theoretically infinitely scalable, allowing multiple transactions simultaneously
- *Smart Contracts*: Supports decentralized applications and smart contracts
- *Governance*: ADA holders can participate in voting on future changes to the network
*Use Cases*
- *Staking Rewards*: ADA holders can delegate their coins to a stake pool to earn rewards
- *Transaction Fees*: ADA tokens are used to pay for transaction fees on the Cardano platform
- *Voting Rights*: ADA holders can vote on future changes to the network
*Where to Buy*
- *Binance*: One of the most popular exchanges to buy and trade Cardano, with a trading volume of $77,970,814.80 in the last 24 hours
- *Coinbase Exchange* and *Bitget* are other popular options
*Recent News*
- Cardano ETF bets have surged as institutional crypto interest grows in 2025
- Charles Hoskinson has predicted a timeline for Cardano's price and crypto market bull run ¹