Cryptocurrencies: 1586
Market Cap: $254,566,887,685
24h Vol: $14,016,372,723
BTC Dominance: 41.03%

Cardano (ADA)

Market Cap

$3,511,536,507 USD

Volume (24h)

$48,699,600 USD

5.2
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Cardano Markets Rank: 6/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Cardano Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Cardano Market Cap Rank: 100/100

  • 24h Change

    Is the price moving up or down?

    Cardano 24h Change Rank: 48/100

  • Social Following

    How many users are following this coin?

    Cardano Social Following Rank: 99/100

  • Google Trends

    How many users are searching for the coin?

    Cardano Google Trends Rank: 80/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Cardano Twitter Citation Rank: 45/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Cardano User Voting Rank: 100/100

Cardano investment analysis

The very first thing you should know about Cardano is that it is founded by Ethereum’s former Co-founder Charles Hoskinson. For a better understanding of how the platform is supposed to work, the cryptocurrency ADA is to this startup just as ETH is to Ethereum.

The project pride itself as a peer-review systemic Distributed Ledger Technologies product as they employ the use of academic research quality assurance methodologies, that’s why Cardano investment might be interesting. They are trying to improve on the technology behind the DLT and want to solve major issues plaguing the blockchain technology.

They want to achieve a decentralized blockchain accent, such that they would be able to scale the already existing concepts of DLT by providing high-class DLT security and still enabling the usability of the product. Apart from the cryptocurrency ADA, other major parts of the project are still under development and are gaining speed.

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current price
$0.135439
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+347.1%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.605552
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

12/819
by Safety
409/819
by Profit
historical data

How to buy Cardano?

ADA is among the top 6 cryptocurrencies and has quite the popularity in the community. There are about 12 exchanges where this coin is being listed (including top exchanges) and traded in various degree of volume. Different base pairs include BTC, ETH, USDT, and KRW. So far, I think there’s an appreciable amount of liquidity in favor of the currency which is quite favorable considering it has a very large coin supply.

Moreover, there’s a proposed network of ATMs in Japan where ADA currency will be of value to its users. To buy Cardano, all you simply need to do is to follow two simple steps. One, buy BTC or ETH from a reputable exchange with your credit card or other e-payment gateways, then two, register on any of the exchanges that list the crypto-asset, then purchase using your BTC or ETH as the case may be.

Outside of the exchanges that sell the crypto, Daedalus is the only wallet at present where ADA can be stored.