77% of retail CFD accounts lose money
Cardano (ADA) is developed by a decentralized community of scientists, engineers, and other thought leaders who banded together to create a technology platform that will spark the transformational change that the world badly needs. Cardano's developers believe that the future should not be limited by the past, and to prove that more is possible - and almost everything can become a reality by maximizing technology to benefit more individuals. Cardano puts value on various tasks based on its outcomes rather than its difficulty.
| Broker | Score | Minimum Deposit | Trade |
|---|---|---|---|
eToro
|
97 | $10 to $1000 (country-specific) |
77% of retail CFD accounts lose money |
JustMarkets
|
92 | $1 |
|
|
JustMarkets
|
92 | $1 |
|
Billed as a third-generation blockchain, following the first and second-generation blockchains, Bitcoin and Ethereum, Cardano claims to be a more scalable, secure, and efficient alternative to Ethereum and other decentralized application platforms.
The crypto market is unpredictable because it can fluctuate dramatically, making it a volatile market that operates around the clock. If you’re a crypto investor, keeping track of real-time price and volume swings in the market can be difficult. We understand how important it is for cryptocurrency traders to stay current on market instabilities in cryptocurrency values. Fortunately, our interactive charts have solved the issue by allowing you to easily monitor the real-time values of several leading cryptocurrencies.
Cardano may have been created to ignite the necessary technology and provide positive change in the world, but it is also a complex blockchain, especially for those keen on investing on it. Therefore, viewing and studying our charts and compiled stats of Cardano can help you significantly in deciding to invest on Cardano or not.
Here's a rundown of all the vital statistics and infographics you need to know about the Cardano cryptocurrency.
Here are some useful and informative stats about Cardano (ADA) that you can view on Statista.
The cryptocurrency market is extremely unpredictable, and it is not uncommon to see a large percentage movement in price, such as more than 50%, within a single trading day. Since January 1, 2020, Cardano has experienced a volatility peak of 324.1% on March 19, 2020, and a 10-day volatility low of 15.88% on July 31, 2021.
Cardano network fees (gas) paid to miners whenever a payment transaction occurs on the blockchain have remained largely constant for months, despite the fact that the currency value has changed. These trading fees, generally referred to as gas, have altered significantly since the summer of 2021, when the value of the ADA token fluctuated. This corresponded with the increasing relevance of Decentralized Finance (DeFi) and the adoption of additional blockchains in the creation of new financial applications.
This statistic chart shows an overwhelming occurrence of traders transacting the Cardano/Tether pair on Binance, accounting for more than 15% of total 24-hour trading volume. Cardano and Tether trades were also common on other exchanges, including FMFW.io, Bittrue and HitBTC. Cardano was traded extremely often on Binance, one of the world's largest cryptocurrency exchanges.
By July 2022, about 34 billion Cardano tokens had been produced and were in active circulation, bringing the currency closer to its maximum supply. The ADA token, like Bitcoin but unlike Ethereum, has a permanent supply cap, with only 45 billion coins ever being allowed to circulate in the coin's lifespan. While this does not guarantee that the Cardano price will rise, a restricted supply may help to feed interest while the coins are still widely available.
Cardano, founded by Ethereum co-founder Charles Hoskinson in September 2017, intends to be a third-generation blockchain (or blockchain 3.0) project, building on the technology popularized by Bitcoin (first gen) and Ethereum (second gen) (second gen). Cardano's vision is to be a highly scalable, low-energy smart contract platform.
A team of computer scientists and cryptographers from the University of Edinburgh, Tokyo University, and other institutions developed the Ouroboros consensus method through peer-reviewed research. Their goal was to create a decentralized network capable of mutual authentication in a sustainable and secure manner, while also assuring that the Cardano platform was as energy-efficient as feasible.
There are two primary ways to invest in the Cardano (ADA) cryptocurrency. Your decision, however, is determined by your sense of adventure or risk tolerance.
There are brokerage firms that will enable you to acquire actual Cardano (ADA) from their marketplace. The procedure is identical to exchanging currencies for another, with the exception that you are trading fiat currency (e.g., US$, GBP or EUR) for ADA.
After purchasing a certain quantity of ADA, the current value of the crypto asset must rise to enable you to achieve a yield from this trading opportunity.
For example:
You bought ADA when it was worth $0.56. For you to earn returns, the price must climb over $0.56. If the value of ADA falls below that level, you will experience a loss. You may however, opt to keep your tokens if you anticipate their value will increase over time. The majority of cryptocurrency traders call this "HODLing," which means for "hang on for dear life."
Trading Cardano via CFDs allows you to go short or long depending on how you expect the value of ADA to trend.
Additionally, since you are betting on the price fluctuations of ADA, trading CFDs does not necessitate having an account with an exchange or even a crypto wallet.
Unlike acquiring actual ADA, you cannot own a crypto asset using CFDs because your gains or losses are primarily dependent on Cardano (ADA) prices growing or dropping. Even if the price is climbing or declining, there is still a potential to achieve a yield if the suitable position is chosen.
To spare you the task of choosing where to trade Cardano, we've completed the homework to find you the best brokerages that support Cardano trading. The foremost thing we ticked off are the most important ones. We made sure that these trading platforms are safe and secure, with an innovative trading interface, system, and conditions.
Aside from that, we only evaluated trading platforms that are actively licensed and regulated by worldwide financial regulators such as the Australian Securities and Investments Commission, the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC).
What is the significance of this?
A registered and certified brokerage can provide you with a significantly more secure and trustworthy environment for trading cryptocurrencies such as Cardano.
How it went?
We were able to narrow down a small list of highly recommended trading platforms as a conclusion of our intensive research and testing phase on various well-known trading platforms:
| Broker | Score | Minimum Deposit | Trade |
|---|---|---|---|
|
eToro
|
97 | $10 to $1000 (country-specific) |
77% of retail CFD accounts lose money |
|
JustMarkets
|
92 | $1 |
|
|
JustMarkets
|
92 | $1 |
|
Now that you've learnt everything there is to know about Cardano (ADA), now is the perfect moment to open an account with one of these top-rated brokerages. Remember to only open an account with a regulated broker to ensure that you are investing ADA in a secure trading environment.
