Projects listed: 276 |
BTC Dominance: 52.06% | Volume (24h): $32,308,854,682 | Market Cap: $2,246,873,882,198
Cardano
ADA
$0.33
Sector
Layer 1
Exchange Debut
2017-10-18
Market Cap
11,912,260,329
Maxim Supply
45,000,000,000
Circulating Supply
35,672,813,027
Circ. Supply(%)
79.27%
Cardano
ADA
Price
$0.33
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
94140927
0.336475016611
0.327115623884
Change 24h
Change 7d
Change 30d
-0.6095
-2.3141
-0.4931
Maxim supply
Circulating supply
Circulating supply(%)
45,000,000,000
35,672,813,027
79.27%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Cardano cryptocurrency:
The Cardano cryptocurrency, a proof-of-stake blockchain platform launched in 2017, is known for its ambitious objective to instigate positive global change through technology. In our fundamental analysis of the Cardano cryptocurrency, the project received a commendable overall score of 8.49 out of 10. The scoring takes into account various essential aspects such as social and media presence, security and audits, token economy, ecosystem development, the team behind the project, the product’s utility, and its partnerships and investors.
SOCIAL & MASS MEDIA: Score 7.6 out of 10
The fundamental analysis of the Cardano cryptocurrency shows its robust and active presence in the social and media scene, garnering a score of 7.6 out of 10. Cardano’s ability to attract followers on social media pages is impressive, scoring a perfect 10, while activities of social media administrators and community activity on social media pages could use some improvement. The presence in the media and size of communities on chat groups are strong indicators of its popularity and acceptance.
AUDIT & SECURITY: Score 8.85 out of 10
Cardano scores high in audit and security at 8.85 out of 10, indicating that it is a safe and secure blockchain platform. The audits show minimal issues, transparency is adequate, and liquidity on exchanges is high, denoting the trust and confidence that users have in the system.
TOKENOMICS: Score 8.2 out of 10
In terms of token economy, our fundamental analysis of the Cardano cryptocurrency yielded an 8.2 out of 10. The project’s inflationary aspect and its control over monetary mass were both well-regarded. The use of the ADA token ensures that owners can actively participate in the network and vote on any proposed software changes, enhancing decentralization.
ECOSYSTEM DEVELOPMENT: Score 8.6 out of 10
Cardano’s ecosystem development received a favorable score of 8.6 out of 10, reflecting its ability to reach objectives and plan for future developments. The Alonzo hard fork and the subsequent deployment of over 100 smart contracts highlight the project’s dynamic growth and development trajectory.
TEAM & DEVELOPERS: Score 9.6 out of 10
The fundamental analysis of the Cardano cryptocurrency shows that the experienced team and a substantial number of software developers are one of its most significant assets, leading to a high score of 9.6 out of 10. The team’s expertise and dedication play a crucial role in Cardano’s overall success.
PRODUCT & UTILITY: Score 8.68 out of 10
Cardano offers a product with substantial utility, resulting in a score of 8.68 out of 10. Its potential use cases, including tracking agricultural produce and storing educational credentials securely, increase the intrinsic value of the ADA token within the ecosystem.
PARTNERS & INVESTORS: Score 8.2 out of 10
The project has managed to garner a good network of partners and investors, earning it a score of 8.2 out of 10. The capacity of investors and quality of partners demonstrate the trust and confidence they have in the future of Cardano.
Fundamental analysis of the Cardano cryptocurrency – The final conclusion
Looking at these comprehensive insights from the fundamental analysis of the Cardano cryptocurrency, it is clear that Cardano has substantial investment potential. The strong scores across all criteria reflect its robust ecosystem, reliable security, and active development team. However, like any investment, there are risks. Its lower scores in social media activity and information transparency indicate areas where improvements could strengthen the project. Overall, Cardano shows promise as an innovative and viable cryptocurrency project. Its practical utility, coupled with robust security and solid backing by a strong team, enhances its appeal for potential investors.
While the potential for future growth is evident, investors should always consider their personal risk tolerance and investment objectives. In terms of risk, Cardano’s lower scores in community activity on social media pages and transparency of public information are worth noting. While these do not significantly affect the project’s viability, they point towards areas where greater focus could bolster user confidence and further solidify Cardano’s position in the crypto marketplace.
Investment opportunities in Cardano are backed by its compelling use cases and planned developments, such as increased smart contract functionality and improvements to decentralization. These characteristics make it an attractive proposition for those looking to invest in a project with the potential for significant impact in the realm of blockchain technology.
The high scores in ecosystem development and the strength of the team and developers underscore Cardano’s commitment to continuous improvement and growth. These elements, combined with the high liquidity on exchanges, make the Cardano cryptocurrency a strong contender for a resilient and growing digital asset.
In conclusion, the fundamental analysis of the Cardano cryptocurrency indicates that it is a promising project with substantial investment potential. Its success will ultimately hinge on its ability to sustain its growth trajectory, improve in the areas identified, and continue to add real-world utility and value to its users.
A Deep Dive into Cardano’s Blockchain Journey
Cardano (ADA) is an open-source, proof-of-stake blockchain platform launched in 2017. Founded by Charles Hoskinson, an Ethereum co-founder and a cryptography expert, Cardano aims to empower innovators and visionaries to stimulate positive worldwide transformations. Its mission is to shift power from unregulated structures to individuals, fostering a transparent, secure, and equitable society.
Cardano’s Innovative Design and Applications
Named after the Renaissance Italian scholar Gerolamo Cardano, the ADA token pays tribute to Ada Lovelace, the 19th-century mathematician known as the first computer programmer. This token allows holders to partake in network operations, granting them voting rights on software updates. The platform’s versatility allows decentralized apps (DApps) and smart contracts to be constructed with modularity. In sectors like agriculture, Cardano aids in tracking produce from farm to table, whereas in education and retail, it ensures the integrity of credentials and battles against counterfeit items.
Major Milestones in Cardano’s Evolution
In 2021, Cardano saw significant advancements. The announcement of the Alonzo hard fork by Hoskinson in August 2021 spurred a significant price surge for Cardano, growing by 116% in the subsequent month. This upgrade, which officially launched on September 12, 2021, ushered in smart contract functionality, with over a hundred contracts deployed within 24 hours.
The Uniqueness of Cardano
What sets Cardano apart is its effective use of a proof-of-stake consensus mechanism, a less energy-consuming method than Bitcoin’s proof-of-work. Furthermore, all technological advancements undergo peer-reviewed research, instilling a robust academic rigor that increases blockchain durability and stability. Cardano’s Shelley upgrade in 2020 aimed to achieve 50 to 100 times more decentralization than major blockchains, with the CEO foreseeing it as a hub for hundreds of assets.
The Future of Cardano
With the conclusion of the Shelley era, the Alonzo hard fork introduced the Goguen phase, allowing native DApps to be developed and deployed on the Cardano blockchain. The token reached an all-time high of $3.101 on September 2, 2021, marking an exciting period for the fundamental analysis of Cardano cryptocurrency. As Cardano continues to evolve and expand, its journey offers promising potential for blockchain technology’s future.
- Latest analysis update: June 14, 2023
Cardano - ADA performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
