Price Cardano (ADA)

Since its launch in 2017, the price of Cardano (ADA) has seen fluctuations marked by trends in the cryptocurrency market.
Initially valued at a few euro cents, ADA saw a sharp rise in 2018, reaching around EUR 1 during the first major crypto bubble, before falling back below EUR 0.10 during the 2018-2019 bear market.
In 2020, with growing interest in next-generation blockchains, Cardano’s price began to rise again, peaking at over 2 EUR in 2021, during the cryptocurrency market boom and the Alonzo update that introduced smart contracts to the network.
Since then, ADA’s price has fluctuated, generally ranging between 0.20 and 1.50 EUR in 2023, influenced by network updates and global economic conditions. On September 12, 2024, the ADA price was €0.32.

Cardano was founded by Charles Hoskinson, an entrepreneur and mathematician who also co-founded Ethereum.
Charles Hoskinson launched Cardano in 2017 with the aim of creating a third-generation blockchain that overcomes the limitations of previous blockchains in terms of scalability, security and sustainability.
The project is being developed by IOHK (Input Output Hong Kong), a company co-founded by Hoskinson and Jeremy Wood that specializes in blockchain research and development.
Cardano stands out for its scientific approach based on rigorous academic research, with an architecture designed to evolve in response to user needs through updates based on formal evidence and peer review.

Cardano doesn’t have a list of traditional institutional investors, as it hasn’t raised funds via traditional financing rounds such as share sales or venture capitalist-led ICOs.
Instead, Cardano raised funds via a token sale that ran between 2015 and 2017, mainly in Asia, where participants bought ADAs in exchange for Bitcoin.
This sale raised around $62 million to fund the initial development of the project.

Cardano stands out for its rigorous scientific approach, based on academic research and peer review, aimed at creating a secure, scalable and sustainable blockchain.
With its Proof-of-Stake (Ouroboros) consensus mechanism, Cardano is energy-efficient and offers staking opportunities for ADA holders, enabling them to participate in network governance while earning rewards.
Cardano also has a clear roadmap for development, with regular updates and advanced features, such as smart contracts and interoperability, extending its usefulness in a variety of sectors.