On this page, you can always find the up-to-date Cardano price (ADA price). You will also find useful information about Cardano’s ADA token price development in recent years. The price is shown in dollars and euros. Bookmark this page to keep track of price changes easily!
Cardano ADA real-time price in USD & EUR
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Cardano price in recent years
Cardano’s ADA token was created in an ICO in 2017. The price of one token was only $0.0024 at the time. During the crypto boom of 2017, the price of ADA rose as high as $1.33. ICO investors made a gigantic amount of money in a short time. Most of the ICO investors were Asian.
Cardano attracted thousands of investors even if there was no finished product. Unlike many other cryptocurrency projects, Cardano rose to the attention of the public immediately after its ICO release.
In the spring of 2018, the price of ADA token fell along with the rest of the crypto market. Cardano investors faced a dull and long period after that. Not much happened with ADA price during 2018, 2019, and 2020. Cardano’s development was also behind many other platform projects at the time.
In the summer of 2020, Cardano’s price finally moved above ten cents. The Shelley update made staking possible in Cardano’s blockchain. This was a significant step forward and clearly caught the attention of investors.
Cardano’s price started to soar at the beginning of 2021. This was also a result of a bigger altcoin boom. During the spring months, the ADA price moved above the $1 threshold, followed by a rapid spike above $2 at the end of May.
In addition to the general crypto boom, this price jump was influenced by the Mary hard fork, which enabled tokens as well as the NFT market on the Cardano platform.
During July, the price of the ADA token reached nearly $3. This rocket-like move was caused by the news of the Alonzo hard fork. This was finally carried out after the 12th of September and brought smart contracts to Cardano’s platform.
Cardano’s price was predicted to have a big drop after the smart contract update, but ADA kept its value surprisingly well. Investors see Cardano as a full-blooded competitor to other smart contract platforms on the market.
Basic information about Cardano
Cardano is one of the most popular smart contract platforms. It’s therefore competing with the likes of Ethereum, Binance Smart Chain, and Solana.
The project itself is known as Cardano and its native token is called ADA, named after an English mathematician. ADA tokens are used on Cardano’s network for transaction fees and staking.
Cardano’s founder is Charles Hoskinson. He is one of the most famous figures in the cryptocurrency world. Despite his young age, Hoskinson has been part of many projects. Some might not know that he is also one of the founders of Ethereum. However, Hoskinson quarreled and resigned from the group.
In 2015, Hoskinson co-founded a company called Input Output Hong Kong with Jeremy Woods. This company is responsible for Cardano’s development work. However, in the future, it is intended that the holders of the ADA token will vote on the development of Cardano.
The Cardano network reaches consensus with a Proof of Stake consensus algorithm called Ouroboros. The platform can process events on two different levels. This made it possible to create tokens on the Cardano platform before the smart contracts. In one-level protocols (Ethereum), this would not be possible, as all processing takes place on a single level.
There are a whopping number of ADA tokens in circulation, a total of 32 billion. This explains the small price of each token. The ADA price is a good example of why the prices of tokens are not comparable. You should rather look at the market value of the project.
Cardano has always been criticized as a project that won’t deliver. For example, smart contracts were delayed for several years. Until 2021, the Cardano price has been determined by what this project may possibly develop in the future. Now the situation is different. Cardano has now the technology required. It’s time for the developers to show up and start building apps.
Cardano is an interesting project that has established itself among the largest cryptocurrencies. So far, Cardano’s smart contracts are a new thing, and no one knows how many Dapps this platform will attract in the future.
Cardano is a carefully executed project. On the other hand, its market value is already enormous, which means that it has a limited capacity to rise. The next step would be to flip Ethereum from the top spot in the platform category. Will it ever even get close? Only time will tell.