#CardanoDebate ADA is the native cryptocurrency of the Cardano blockchain platform. Here's what you need to know about it:

*Current Price and Market Performance:*

- The current price of ADA is around $0.62-$0.63 USD, with a 24-hour trading volume of approximately $355 million-$768 million.

- In the last 24 hours, ADA's price has decreased by 1-2%.

- Over the past month, ADA's price has dropped by around 18-22% ¹ ² ³.

*Market Capitalization and Supply:*

- Cardano's market capitalization is around $22-28 billion.

- The total supply of ADA is 45 billion, with approximately 35-36 billion ADA tokens in circulation ¹ ⁴ ⁵.

*What is Cardano?*

- Cardano is a decentralized, proof-of-stake blockchain platform focused on sustainability, scalability, and transparency.

- It aims to provide a more secure, efficient, and democratic way of managing transactions and smart contracts.

*Use Cases for ADA:*

- ADA can be used for staking, which earns holders passive income.

- It's also used to pay transaction fees on the Cardano platform.

- ADA holders can participate in voting on future changes to the network ³ ⁴.

*Recent News and Developments:*

- Cardano co-founder Charles Hoskinson proposed investing $100 million worth of ADA tokens into Bitcoin and stablecoins to boost the DeFi ecosystem.

- ADA has been included in Nasdaq's crypto benchmark index, alongside other prominent cryptocurrencies like XRP and Solana ⁴.