What is ADA Coin? List of ADA Coin issuance and listed trading platforms

ADA coin, also known as Cardano, is the native token of the Cardano blockchain platform and aims to solve the scalability, interoperability and security issues of the blockchain. The total issuance of ADA coins is 45 billion, and the current circulation is about 33.6 billion, and it is listed on major cryptocurrency trading platforms including Binance and Coinbase. The uses of the ADA coin in the Cardano ecosystem include governance, transaction fees, staking, and smart contract execution.

Introduction to ADA Coin

ADA Coin, also known as Cardano, is co-founder of Ethereum The native token of the blockchain platform created by Charles Hoskinson. Launched in 2017, it aims to solve issues such as scalability, interoperability and security in blockchain.

Issuance

The planned total issuance of ADA coins is 45 billion. Among them, about 33.6 billion have been circulated so far.

Listed on trading platforms

ADA Coin can be traded on many mainstream cryptocurrency trading platforms, including:

• Binance )
• Coinbase
• Huobi
• Kraken
• Gate.io
• Bitfinex
• Bitstamp
• Gemini

Uses

ADA coin has the following uses in the Cardano ecosystem:

• Governance :ADA coin holders can participate in the development and decision-making of the Cardano platform by voting.
• Transaction Fees: Trading using the Cardano platform requires payment of ADA coins as a fee.
• Staking: ADA coin holders can stake their coins to earn rewards and help secure the network.
• Smart contract execution: ADA coins are used to pay for smart contract execution fees.

Cardano (ADA) Price Update

As of 16:00 on September 23, 2024, the current price of Cardano (ADA) is $0.352. Trading volume in the last 24 hours was $215,222,068.32.

Recent Changes

In the last 24 hours, the price of ADA fell by 0.54%. The move could be due to negative sentiment across the cryptocurrency market.

Influencing factors

Factors affecting ADA price changes include:

• Market sentiment
• Cryptocurrency regulations
• Development of Cardano Network

Future Outlook

It is still early to reach a consensus on the future price trend of ADA. However, as network development continues and the broader cryptocurrency market recovers, the long-term outlook is likely to be positive.

Recommended Actions

• Invest according to personal risk tolerance.
• Follow the latest news in the cryptocurrency industry.
• Do your own research and learn about ADA and its potential long-term value.

Short Term Forecast

In the short term, the price of ADA is likely to fluctuate along with the broader cryptocurrency market. However, if market sentiment improves and network development progresses, the price of ADA could rise.

Key Indicators

• Current Price: $0.352
• 24 Hour Volume: $215,222,068.32
• Price Change ( 24 hours): -0.54%
• Circulation: 35960643044.11 ADA
• Maximum supply: 45000000000 ADA
• Total supply: 35960643044.11 ADA
• Circulation market capitalization :12665719299.356 USD

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