#Cardano #Write2Earn #BinanceSquareFamily

*Cardano (ADA) Overview*

Cardano is a blockchain platform built on a proof-of-stake consensus protocol called Ouroboros, which validates transactions without high energy costs. Its native token, ADA, is named after 19th-century mathematician Ada Lovelace. Cardano's development uses the Haskell programming language, enabling evidence-based development for unparalleled security and stability.¹

*Key Features*

- *Consensus Protocol*: Ouroboros proof-of-stake (PoS) protocol

- *Programming Language*: Haskell

- *Native Token*: ADA

- *Market Cap*: $20.31 billion (as of July 6, 2025)

- *Current Price*: $0.59 (as of July 6, 2025), with recent prices hovering around $0.58

*Recent Developments*

- The Securities and Exchange Commission (SEC) approved Grayscale's bid to convert the Digital Large Cap Fund into a spot exchange-traded fund (ETF) that includes Cardano (ADA), Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Solana (SOL).

- Cardano surpassed 1.3 million staking addresses, reinforcing the network's long-term strength.

- The Midnight Network plans to offer NIGHT tokens in an airdrop to millions of crypto users on Bitcoin, Ethereum, and beyond, highlighting Cardano's growing ecosystem.

*Market Performance*

- *Market Rank*: #10 (based on market capitalization)

- *24-Hour Trading Volume*: $420.36 million (with 3,565 buyers and 2,062 sellers in the last 24 hours)

- *Price Change*: 2% increase in the past 24 hours, with a 58.32% increase in the past year

- *All-Time High*: $3.10 (reached on September 2, 2021)

*Future Prospects*

Cardano's future prospects look promising, with potential for growth driven by its innovative consensus protocol, growing ecosystem, and increasing adoption. However, market analysts remain divided on ADA's short-term prospects, with some predicting a bullish reversal and others noting bearish trends.