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What is Cardano (ADA)?

What is Cardano (ADA)? Price Prediction, Market Cap, Founders, Supply

For the last few years, cryptocurrencies are becoming more popular across the globe. Cardano (ADA) is also a Blockchain platform like Bitcoin, Ethereum, Ripple, Polygon, Solana, Polkadot, etc. The increasing price of Cardano tokens is grabbing the attention of many crypto investors. Today in this post we are going to introduce you to Cardano Blockchain Technology, its Price Prediction Market Cap, Supply, and Founder. Keep reading this post to know more about Cardano.

What is Cardano (ADA)?

According to the Cardano organization, it is a proof-of-stake blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create the possibility for the many, as well as the few, and bring about positive global change. The symbol of the Cardano coin is ADA.

Cardano is an open-source project whose aim is to “redistribute power from unaccountable structures to the margins to individuals”. It helps to create a society that is more transparent, secure, and fair.

The team of developers behind the Cardano blockchain platform says that there are already some compelling cases for this technology, which aims to allow dApps (decentralized apps) and smart contracts to be developed with modularity using this technology.

Currently, Cardano is used by many agricultural companies to track their fresh produce from field to fork. Cardano is also used to allow educational credentials to be stored in a secure and tamper-proof way, and retailers to clamp down on counterfeit goods.

Who is the Founder of Cardano Blockchain Technology?

Cardano was founded in 2017 by Charles Hoskinson, a mathematician and former CEO of the second-largest blockchain platform Ethereum. Charles is the CEO of IOHK, the company that built Cardano’s blockchain. Cardano token was designed to ensure that owners can participate in the operation of the network. Cardano coin facilitates its holders to vote on any proposed changes to the software.

What are Cardano’s Five Principles?

Cardano blockchain technology is the nexus of its five principles including People, Purpose, Technology, Research, and Opportunity.

  1. People: Working together, we achieve more for the many.
  2. Purpose: A platform built for a sustainable future, to help people work better together, trust one another, and build global solutions to global problems.
  3. Technology: Cardano brings a new standard in technology – open and inclusive – to challenge the old and activate a new age of sustainable, globally distributed innovation.
  4. Research: Pioneering tech begins with groundbreaking research.
  5. Opportunity: The staging point for every new opportunity. Empower your business through Cardano, and discover the future of technology.

What makes Cardano Coin Unique?

Cardano is getting more popular because it is one of the biggest blockchain platforms which successfully uses a proof-of-stake consensus mechanism. This mechanism is less energy-intensive as compared to the proof-of-work algorithm relied upon by Bitcoin.

Cardano ensures that all of the technology developed goes through a process of peer-reviewed research. It means that bold ideas can be challenged before they are validated.

After 2020’s Shelley update Cardano made its blockchain 50 to 100 times more decentralized than other blockchains.

Related Article: What Is WIN (WINkLink) Coin?

Cardano Coin (ADA) Market Cap, Total Supply, and Current Price

Below are some details of Cardano Coin including Market Cap, Total Supply, and Current Price:

Coin NameCardano (ADA)
Network NameCardano
Market Rank#3
Fully Diluted Market Cap$124,624,248,400
Circulating Supply32.13B ADA
Max Supply45,000,000,000
Cardano Coin Price$2.77 (25 August 2021)
Contracts Address0x3ee2200efb3400fabb9aacf31297cbdd1d435d47 (Binance Smart Chain)

Cardano (ADA) Coin Price Prediction 2021, 2022, 2025

The current price of Cardano Crypto Coin is approx. $2.79. According to cryptocurrency experts, Cardano is a very strong blockchain platform and its price will go up in the future. Some crypto experts are also predicting its price to be $4 – $5 in few months in this year 2021. And in 2022 its price can go up to $7 – $8. In 2025 its price can cross the $10 mark.

Where You Can Buy the Cardano (ADA) Coins?

Cardano is a famous crypto coin that is listed in almost all major and small crypto exchanges, including Binance, WazirX, CoinDCX, Bitmart, Bitbns, etc. This coin is available in different crypto pairs including ADA/USDT, ADA/INR, ADA/BNB, ADA/WRX, ADA/BTC, etc. You can easily purchase Cardano Coins on these exchanges in your favorite crypto pairs.

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