Cardano Price

Read everything about the Cardano Price.

Follow the Cardano price in euro

In the above price chart, you’ll find the last price of ADA and how the Cardano price performed during the last 24 hours. Also, in the widget you’ll get the possibility to check the ADA price over the last seven days and the last 30 days, which gives you an image of the short term trend.

If you’d like to look back further, you can check how the currency has performed since the beginning of this year (YTD). Finally, you can also check how the currency has performed since the start of the listing. You can view this by clicking on ALL, which stands for all-time.

The chart is interactive and you can exactly view the data you want to. The widget also allows you to buy Cardano. Enter a quantity and the widget calculates the current value. You’ll also immediately see how much transaction fees you’re paying, which is quite convenient. The widget will redirect you to the Bitvavo website. This is the cheapest provider in Europe, where you never pay more than 0.25% of trading costs.

ADA price in euros and dollars

Below you can see some additional information about the Cardano price. Besides the performance of the past week and month (which you can see in a percentage), you can also see the current market capitalization and the highest and lowest price over the past 24 hours.

Click on EUR or USD if you want to switch between euro and dollar.

Please note that the price may vary by a few eurocents compared to the prices provided at the top of the page. This is due to the fact that two different suppliers provide the data.

The history of Cardano’s price

Check out the full detailed explanation of what Cardano is and why it is a third generation cryptocurrency.

You can start by memorizing that the founders look quite impressive. Charles Hoskinson (the former CEO of Ethereum) is its founder and runs the business together with Jeremy Wood (who used to be operations manager at Ethereum).

At the beginning of the listing, the team focused particularly on the Asian and Japanese market. At the time of the Cardano currency launch (October 2017) there were many ICOs. And cryptocurrency was extremely popular in Asia back then. In the end, it turned out to be a good guess, because when the Cardano price rose substantially, Europe and the United States became more and more interested as well.

The timing of the Cardano launch in October 2017 makes the all-time chart of the currency look pretty weird. Almost like an upside-down hockey stick.

After being launched in October 2017 for about 2 euro cents, it rose to its highest point of 1,22 euro during the bull run at the end of the year. Like with most other crypto, it has known a decreasing growth since the spring of 2018, because of a global interest decline in crypto. 2019 turned out to be a year of stabilization where the price recovered its initial position.

However, since the beginning of 2020, Cardano has started to rise again.

Cardano historical prices

The prices of ADA for the past week can be found in the table below.

How is the Cardano price established?

The price of a crypto coin is the balance between buyers and sellers. If there are a lot of buyers, then the price goes up, because everyone wants it. However, if there are a lot of sellers who notice that the interest of the asset is declining, the Cardano price goes down. Makes sense, right?

The crypto market has started the year 2020 fantastic. Not only is this new financial market in the news more and more, governments and banks are also increasingly interested in the crypto market, which means that global interest is growing. In the budget proposal of US President Trump for 2021, for example, crypto is included for the very first time, which indicates a growing importance.

Finally, we should point out that the Cardano price you see is an average of what all crypto exchanges currently offer. So, if you’re browsing to an exchange and you see a price which is slightly different, then that’s normal, depending on which exchange you’re visiting.

Cardano price prediction

This depends on many factors. How is the mood around Cardano and how is the feeling of the market around crypto in general. Lately this has been very positive, but this is no guarantee for the future.

While investors used to look away from Bitcoin, there are now dozens of coins that are all part of an ever-growing market.

Mind you, what exactly the specific price prediction is for Cardano cannot be predicted, but for cryptocurrency as a whole, the trend, at the time of writing, is positive.

Other factors, such as events, new features and news also influence the Cardano price. For example, the team continues to develop the project to add new features. They also introduced Cardano staking in 2019. These are all examples that affect the Cardano value. Unfortunately the new update of the blockchain is postponed multiple times by the developers, many investors lose their hope in the coin.

What do you need to take into account with the Cardano price?

Cardano is a crypto and like any other cryptocurrency and an asset with high price volatility. That’s a term to say that the Cardano value at the beginning and end of the day can vary. On some days even more than 10 percent. So, this means a quick profit, but also a quick loss.

The value of your crypto in your wallet can vary considerably from day to day. Which mean, diversifying and investing in different currencies is recommended, but no investment advice. If large percentage differences from day to day don’t bother you too much, and you are someone who loves adventure, then it might be for you to invest in crypto.

If, on the other hand, you prefer to own shares or coins that do not move more than half a percent to one percent a day, you might want to look elsewhere.

In conclusion: research the project you have in mind, give it time and don’t just put your money in a coin without knowing anything about it. Read everything you want to know in our knowledge base before you start.

Last but not least, never put more money in it than you’re willing to lose.

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