What currency is Ada? The total circulation of ADA coins and introduction to online exchanges

Addacoin (ADA) is a smart contract blockchain platform and cryptocurrency that aims to become a leader in the field. Features of Cardano include a proof-of-stake consensus algorithm, layered architecture, smart contract support, governance tokens, and widespread adoption.

What currency is Ada?

Adda Coin (ADA) is a booming blockchain platform and cryptocurrency that aims to be the leader in smart contracts.

Total circulation:

The total circulation of ADA coins is 45 billion.

Online exchanges:

The exchanges where ADA Coin is listed include:

• Binance
• Coinbase
• Kraken
• Huobi Global
• Bittrex

Features of Cardano:

• Proof of Stake (PoS) consensus algorithm: Addacoin uses the PoS consensus algorithm, which makes the network more efficient and energy-saving.
• Layered Architecture: Addacoin has a layered architecture that separates the settlement layer and computing layer, thereby improving scalability and security.
• Smart Contracts: Cardano supports smart contracts, allowing developers to build decentralized applications (dApps).
• Governance Token: The ADA token is the governance token of the ADA Coin platform, allowing holders to vote on network decisions.
• Wide Adoption: Cardano is supported by numerous businesses and organizations, including the Cardano Foundation, IOHK, and Emurgo.

Cardano (ADA) Price Analysis

As of August 30, 2024, Cardano (ADA) is trading at $0.3569 with a 24-hour trading volume of $268.95 million.

Trends and Factors

ADA price increased by 1.45% in the past 24 hours. Factors driving this growth include:

• Recovering investor sentiment: Overall sentiment in the cryptocurrency market has improved.
• Network Upgrade: Cardano recently launched a network upgrade that increases transaction speed and scalability.

Future Forecast

Analysis shows that ADA may continue to trend upward in the short term. Technical indicators are pointing to upward momentum, and investor sentiment is generally bullish.

Recommendations

• Buy on dips: If there is a correction in prices, investors can consider buying on dips.
• HOLD: Investors with existing ADA positions can continue to hold as the long-term outlook remains positive.

Short-term trend forecast

ADA is expected to maintain its upward trend in the short term and may break through the $0.4 mark in the coming days.

Indicators

• Price: $0.3569
• 24-hour trading volume: $268.95 million
• Market cap: 12.835 billion USD
• Circulation: 35960643044 ADA
• Maximum supply: 45 billion ADA
• Total supply: 35960643044 ADA

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