What is the issuance and circulation of ADA coins?

The total circulation of ADA coins is 45 billion, and the current circulation is approximately 33.9 billion. There is the following difference between issuance and circulation: issuance refers to the total number of tokens created, while circulation refers to the number of tokens available in the market. Factors affecting the circulation of ADA coins include staking, project development and market demand.

ADA coin issuance and circulation

ADA coin (ADA) is the native token of the Cardano blockchain. Its issuance and circulation are as follows:

Issuance:

• A total of 45 billion AD coins are issued.
• Of which 7.213 billion ADA coins have been released.

Circulation:

• The current circulation is approximately 33.9 billion AD coins.

The difference between circulation and circulation

Issuance and circulation are two different concepts:

• Issuance volume refers to the total number of tokens initially created by the project.
• Circulation volume refers to the number of tokens currently circulating in the market, that is, the number of tokens that have been released or mined.

In the case of Cardano, issuance is higher than circulation because not all issued tokens have been released or traded on the market.

Factors affecting the circulation of ADA Coin

The factors affecting the circulation of ADA Coin include:

• Pledge: Cardano holders can stake their tokens into the Cardano ecosystem, generating rewards and helping to secure the network. The pledged tokens will be temporarily withdrawn from circulation.
• Project Development: The Cardano Foundation will regularly release ADA coins to fund project development. These tokens will enter circulation.
• Market demand: The demand for ADA coins will affect its circulation. When demand increases, circulation increases, and vice versa.

Cardano (ADA) Price Insights

As of 13:00 on September 10, 2024, the price of Cardano is $0.339. The price fell by 1.19% in the last 24 hours.

Reasons for price changes

ADA’s price changes are driven by a variety of factors, including:

• Macroeconomic conditions :Rising interest rates and slowing economic growth have led to a sell-off in risk assets, including cryptocurrencies.
• Technical Analysis: ADA recently fell below key support levels, indicating further downside.
• Competitor Performance: Other major cryptocurrencies, such as Bitcoin and Ethereum, have also seen declines recently, negatively impacting the price of ADA.

Future trend analysis

There is uncertainty in the future price trend of ADA. If the cryptocurrency market continues to decline, ADA price may fall further. On the other hand, if the market reverses, ADA could rise. It is important to pay close attention to technical indicators and economic news to understand potential trend changes.

Action recommendations

• Invest with caution: Pay close attention to market trends and carefully consider the risks before making any investment decisions.
• Long-Term Holding: If you believe in Cardano’s long-term potential, then long-term holding may be a smart strategy.
• Set Stop Loss: Set a stop loss on your investment to limit potential losses.

Short-term trend forecast

In the short term, the price of ADA is likely to continue to fluctuate around current levels. However, if the market experiences a significant reversal, ADA could rise or fall beyond its current price range.

Key Indicators

• Price: $0.339
• 24-hour trading volume: $239744271.89668
• Circulation market capitalization: 12208021090.438 USD
• Circulation volume: 35,960,643,044 pieces
• Maximum supply: 45 billion pieces
• Total supply: 35,960,643,044 pieces

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