CARDANO price, news and Forecast (ADA US DOLLAR)


Cardano price flashes major sign of recovery, but ADA bulls have doubts


Technical overview


ITB Widget Example


Big picture

Cryptocurrencies bullish themes

Cryptocurrencies bearish themes

Sponsor broker


Latest Crypto Analysis


Latest Crypto Analysis

Editors' picks

SafeMoon price looks to skyrocket 30% as technicals flash buy signal

A brief technical and on-chain analysis on SafeMoon price. Here, FXStreet's analysts evaluate where SAFEMOON could be heading next.

More Bitcoin news

Uniswap price eyes 20% gains as UNI technicals scream ‘buy'

Uniswap price faced a blockade at $21.51, slowing its recovery. The RSI reveals a bullish divergence in play, hinting at a 20% climb. A breakdown below $18.37 will invalidate the bullish thesis.

More Litecoin news

Litecoin contemplates 17% ascent after reclaiming crucial barrier

Litecoin price experienced the second flash crash, which bottomed on September 21. While the descent was steep, the recovery seems to be coming along well. The recent upswing has pushed past a key resistance level, but LTC needs to hold above it to confirm buyers’ presence.

More Litecoin News

XRP price flips massive support floor into formidable resistance

A brief technical and on-chain analysis on XRP price. Here, FXStreet's analysts evaluate how Ripple behaves as it trades below key resistance.

More Ripple news

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP


WHAT IS CARDANO?

According to the Cardano Foundation, Cardano’s native token, ADA, is a digital currency. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain. Learn more in our Cardano Guide.

Every ADA holder also holds a stake in the Cardano network. ADA stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool's likelihood of receiving rewards. In time, ADA will also be usable for a variety of applications and services running on the Cardano protocol.

Characteristics of Cardano

Cardano was created as an alternative to Ethereum, with the mission of creating a platform that can process more transactions at a low cost.

  • It is the first peer-reviewed decentralized blockchain protocol that uses a scientific approach.
  • Cardano blockchain allows users to build smart contracts, create decentralized applications and protocols, and instantly send and receive funds with minimal fees.
  • ADA holders use their coins to vote for changes or improvements on the protocol, taking part in its development.

Differences between Bitcoin and Cardano

  • Cardano combines Ethereum and Bitcoin features. It also has other features inherent to third-generation blockchains.
  • ADA approach is unique based on peer-reviewed scientific evidence to ensure its security.
  • As a smart contract platform, Cardano provides safety and scalability through its unique two-layered architecture.