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Cardano

AUD 0.23

-2.10% past month

Global Rank

#20

Market Cap (USD)

USD 6.14B

24H Volume (USD)

USD 164.87M

24H Change

-2.10%

24H Price History

Buyers 80.4%

  • Deposit Enabled

  • Withdrawals Enabled

Cardano is on the incline in the last 7 days

In the past 24 hours, the price of Cardano has decreased by 2.1%. Its price has risen by 0.2% in the last 7 days. The current price per ADA is AUD 0.23 AUD.

What is Cardano?

Cardano (ADA) is a blockchain platform that validates high-speed transactions with low computing costs, using the Proof of Stake (PoS) consensus protocol. Cardano is one of the biggest cryptocurrencies by market cap and has positioned itself as a competitor to Ethereum. The Cardano blockchain is used to host decentralised applications (dApps) and execute smart contracts.

Cardano’s Proof of Stake protocol, named the Ouroboros protocol, aims to offer a greater level of security than existing Proof of Work protocols while keeping computing costs low. ADA is the native token on the Cardano blockchain, ADA tokens can be used for staking on the Cardano platform to aid in verifying transactions. Anyone who stakes ADA is rewarded with more ADA tokens. The Cardano roadmap plans to use ADA to help facilitate smart contracts and run applications on the Cardano network.

Learn more about Cardano in our In-depth guide to ADA, available on Swyftx Learn.

Understanding Cardano price chart

The Cardano price charts display the price of ADA in Australian dollars (AUD). Swyftx users can use these charts to conduct crypto technical analysis, develop trading see the live live Cardano price today.

The ADA price chart is presented as a candlestick chart, which is the most popular chart used by traders. Candlestick charts track the price movements of an asset between hourly, daily or monthly trading intervals.

Check out our guide to candlestick charts to learn more about reading candlesticks.

Who are Cardanos founders?

Cardano was founded in 2017 by Charles Hoskinson, a digital currencies entrepreneur and co-founder of the Ethereum network. Hoskinson aimed to provide a more balanced and sustainable ecosystem for cryptocurrency.

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