The total issuance amount of ADA coins is 45 billion, including 33.228 billion circulating supply and 11.672 billion reserves. As the native token of the Cardano blockchain, ADA coins have a variety of application scenarios, including: transaction fee payment, staking participation, governance voting, dApp development, DeFi services, NFT creation and transactions, and use in Metaverse projects.
Issuance of ADA Coin
The total issuance of ADA Coin is 45 billion, distributed as follows:
ADA coin application scenarios
ADA coin It is the native token of the Cardano blockchain and has a variety of application scenarios in the platform:
1. Transaction fees
ADA coins are necessary for transactions on the Cardano network Fees are used to pay miners to verify and process transactions.
2. Staking
ADA holders can participate in Cardano’s Proof-of-Stake (PoS) consensus mechanism by delegating their tokens to a staking pool. In return, they receive network rewards and help secure and validate the blockchain.
3. Governance
ADA holders can decide the future development direction of the platform by participating in Cardano’s governance mechanism and voting. They can influence the platform’s decisions by voting on proposals or submitting their own proposals.
4. dApp Development
ADA Coin can be used to develop and deploy decentralized applications (dApps) on the Cardano network. Developers can use ADA coins to pay fees and incentivize users.
5. DeFi
ADA Coin can be used in Cardano’s decentralized finance (DeFi) ecosystem. It can be used to provide services such as liquidity, lending, and stablecoins.
6. NFTs
ADA Coin can be used to create and trade non-fungible tokens (NFTs) on Cardano. NFTs can represent digital art, collectibles, or other unique assets.
7. Metaverse
ADA coins can be used in Cardano’s Metaverse project. It can be used to purchase virtual lands, assets and experiences.
Cardano (ADA) Price Analysis
As of 11:00 UTC on September 26, 2024, the price of ADA is $0.3855. The 24-hour trading volume is $280102938.72613 and the price has fallen by 1.883% in the past 24 hours.
Price Change Factors
ADA’s price decline may be due to overall weakness in the cryptocurrency market and concerns that the Federal Reserve will continue to raise interest rates.
Future Price Trend Analysis
Due to the high volatility of the cryptocurrency market, it is difficult to accurately predict the future price trend of ADA. However, several factors could affect its future performance.
It is recommended that
conduct thorough research on ADA before making any investment decision. Carefully consider market risks as well as investment objectives and financial situation.
Short-Term Price Forecast
Taking into account current market trends and potential influencing factors, ADA’s short-term price trends are expected to continue to fluctuate. 13468650053.162 USD
Circulation: 34939946172.636Maximum supply: 45000000000
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