$ADA

Ada (ADA) is the native cryptocurrency of the Cardano blockchain. Cardano is a decentralized platform designed to provide secure, scalable, and decentralized blockchain technology. Ada is primarily used to pay transaction fees, participate in network operations, and stake for rewards.

Recently, the price of Ada has seen a significant increase, breaking through $0.97, with a 24-hour increase of 27.3%. This surge is partly due to U.S. President Trump announcing that Ada would be included in the U.S. 'cryptocurrency strategic reserve', causing the price of Ada to skyrocket.

One of the features of Ada is the use of the 'Proof of Stake (PoS)' mechanism, which has lower energy consumption and lower transaction fees compared to Bitcoin and Ethereum. This gives Ada an advantage in long-term development and expansion of applications.