Cardano to Indonesian Rupiah
1 ADA 5,214.26 IDR
-67.19 (-1.29%) today
to Converter
Live Cardano Chart
Trends over time
1 Day
5,281.45 IDR
(-1.29%)
1 Week
5,273.42 IDR
(-1.13%)
1 Month
6,129.26 IDR
(-17.55%)
1 Year
12,825.43 IDR
(-145.97%)
What is Cardano?
Cardano is a decentralized proof-of-stake (PoS) blockchain built to be more efficient than proof-of-work (PoW) networks. Cardano's development is based on critical tenets such as scalability, sustainability, interoperability, rising costs, energy consumption, and slow transaction times.
Is Cardano a good investment?
As the blockchain becomes faster and more reliable, its real value to users rises, and so should the value of ADA. Cardano (ADA) could reach $1 again, according to Motley Fool experts, making it a good investment right now. Of course, cryptocurrency is volatile and always a high-risk investment.
The Cardano Ecosystem significantly incentivizes ADA tokens to rise in value. Many new projects chose the fair-launch program to distribute their tokens. That is, ADA holders can delegate tokens to project pools or related partners in hopes of earning project tokens even without ADA rewards.
In 2022, many experts believe Cardano will have a promising future. Cardano may reach a new high due to ongoing developments in the Cardano ecosystem and the crypto asset market as a whole. Cardano (ADA) 2027 is expected to cost $5, according to experts.
Historical growth of Cardano?
On November 30, 2017, ADA reached a low of $0.08, marking the start of the first market cycle. After that, ADA started to move up very quickly. It increased by 47% per day, or 1,645 percent, in just 35 days.
On January 4, 2018, the price of this movement reached a high of $1.40.
After peaking, ADA started a prolonged correction that lasted 799 days. Nearly all of ADA's value was lost during this time, with the lowest point occurring on March 13, 2020, at $0.017.
Cardano (ADA) had a market capitalization of US$5.5 billion at the beginning of 2021, with 1 ADA worth US$0.18. The market cap reached USD 49 billion at a price of USD 1.46 for one ADA token as 2021 came to a close.
Early in September of the same year, ADA also momentarily hit an all-time high of USD3.03 and a market capitalization of USD97.52 billion.
According to CoinMarketCap, Cardano experienced a significant decline in 2022, from a high of $3.10 in September 2021 to just over 0.47 cents in July. However, only 75% of the total supply of coins is currently in use, so investors still have room to amass coins.
How and when to buy Cardano?
You must use a cryptocurrency exchange to convert your fiat (Sterling) money into cryptocurrency to purchase Cardano (ADA). The next step is to choose a payment method for your Cardano ADA. Once your account has been set up and funded, go to the Cardano ADA page on the website or app and enter your preferred investment amount. Finally, pick a storage medium, such as a wallet, to store your funds.
In the past year, Cardano has emerged as one of the most active and busy digital assets in the cryptocurrency space. In light of this, it is realistic to state that ADA is a good investment choice.
Please remember, though, that Cardano and other digital assets are extremely volatile. Therefore, it is wise to conduct research before investing in Cardano or any other crypto asset.
Interested in Cardano?
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