Cardano is a decentralized, open-source blockchain platform focused on providing a secure and scalable infrastructure for developing smart contracts and decentralized applications. It was created in 2017 by a team of developers led by Charles Hoskinson, co-founder of Ethereum. Cardano utilizes a unique proof-of-stake consensus algorithm called Ouroboros, designed to be more energy-efficient and secure than traditional proof-of-work algorithms. Cardano also has a built-in governance system that allows stakeholders to vote on protocol updates and changes to the network. As a result, Cardano is often compared to Ethereum as a potential competitor in the smart contract and decentralized application space.
Share Price Chart
The chart shows the growth of an initial investment of $10,000 in Cardano, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Cardano had a return of 55.88% year-to-date (YTD) and 22.17% in the last 12 months.
|5 years (annualized)||35.90%||10.75%|
|10 years (annualized)||N/A||9.87%|
Monthly Returns Heatmap
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
The Drawdowns chart displays portfolio losses from any high point along the way.
The table below displays the maximum drawdowns of the Cardano. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cardano was 97.85%, occurring on Mar 12, 2020. Recovery took 345 trading sessions.
|-97.85%||Jan 5, 2018||798||Mar 12, 2020||345||Feb 20, 2021||1143|
|-91.85%||Sep 4, 2021||738||Sep 11, 2023||—||—||—|
|-54.26%||May 17, 2021||65||Jul 20, 2021||30||Aug 19, 2021||95|
|-26.59%||Dec 20, 2017||5||Dec 24, 2017||6||Dec 30, 2017||11|
|-26.55%||Apr 16, 2021||10||Apr 25, 2021||11||May 6, 2021||21|
The current Cardano volatility is 14.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.