What currency is ADA? Total issuance of ADA coins and introduction to online exchanges

ADA is the native token of the Cardano blockchain and aims to become a secure, scalable and sustainable blockchain platform. It has a total circulation of 45 billion and has been listed on major exchanges such as Binance, Coinbase, Kraken and others.

What currency is ADA?

ADA is the native token of the Cardano blockchain and aims to be a secure, scalable and sustainable blockchain platform.

Total issuance of ADA coins

The total issuance of ADA coins is 45 billion, of which the initial issuance is approximately 31.1 billion.

Listed Exchanges

ADA Coin has been listed on the following major exchanges:

• Binance
• Coinbase
• Kraken
• Huobi
• Bittrex
• Gemini
• Poloniex
• KuCoin
• Gate.io

These exchanges offer trading pairs between ADA coins and other cryptocurrencies and fiat currencies such as USD, EUR.

Cardano (ADA) Price Trend

As of 9:00 AM on August 5, 2024, the current price of ADA is $0.316 with 24-hour trading volume of $487,475,778.49.

Recent Changes

In the past 24 hours, the price of ADA dropped significantly by 12.61%. The decline was caused by a broad sell-off in the cryptocurrency market, where many major assets also fell in value.

Factors Leading to Price Movements

• Cryptocurrency Market Sentiment: Sentiment across the cryptocurrency market has recently turned bearish due to the Federal Reserve’s aggressive interest rate hike policy.
• Macroeconomic Uncertainty: Macroeconomic factors such as high inflation and a slowing global economy have also had a negative impact on the price of ADA and other cryptocurrencies.

Future Price Trend

The price trend of ADA may remain volatile in the short term, but it has strong potential in the long term. It has a strong technical foundation, an active development team, and a growing user base.

Recommended Measures

In light of the current uncertainty, investors are advised to adopt a cautious approach. Avoid chasing highs and invest only what you can afford to lose. Focus on the long-term outlook and consider buying on dips.

Short-Term Forecast

The price of ADA may continue to fluctuate in the short-term, but a significant drop is not expected. It is likely to consolidate around current levels until market sentiment improves.

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