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Cardano (ADA-USD)

Cryptocurrency · Currency in USD · Last updated Feb 7, 2023

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.

ADA-USDShare Price Chart


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ADA-USDPerformance

The chart shows the growth of $10,000 invested in Cardano in Sep 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $119,309 for a total return of roughly 1,093.09%. All prices are adjusted for splits and dividends.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%10.00%OctoberNovemberDecember2023February
-16.41%
3.64%
ADA-USD (Cardano)
Benchmark (^GSPC)

ADA-USDCompare to other instruments

Search for stocks, ETFs, and funds to compare with ADA-USD

Cardano

Popular comparisons: ADA-USD vs. BTC-USD, ADA-USD vs. IMOEX, ADA-USD vs. SPY, ADA-USD vs. HBAR-USD

ADA-USDReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M37.24%5.55%
YTD55.16%7.07%
6M-27.50%-0.82%
1Y-66.15%-8.65%
5Y0.47%6.00%
10Y38.57%6.30%

ADA-USDMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202358.61%
2022-13.61%-2.74%-6.46%-21.52%-22.71%

ADA-USDSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Cardano Sharpe ratio is -0.52. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.80-0.60-0.40-0.200.000.20OctoberNovemberDecember2023February
-0.52
-0.06
ADA-USD (Cardano)
Benchmark (^GSPC)

ADA-USDDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-100.00%-80.00%-60.00%-40.00%-20.00%OctoberNovemberDecember2023February
-87.12%
-14.29%
ADA-USD (Cardano)
Benchmark (^GSPC)

ADA-USDWorst Drawdowns

The table below shows the maximum drawdowns of the Cardano. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Cardano is 97.85%, recorded on Mar 12, 2020. It took 345 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-97.85%Jan 5, 2018798Mar 12, 2020345Feb 20, 20211143
-91.77%Sep 4, 2021482Dec 29, 2022
-54.26%May 17, 202165Jul 20, 202130Aug 19, 202195
-26.59%Dec 20, 20175Dec 24, 20176Dec 30, 201711
-26.55%Apr 16, 202110Apr 25, 202111May 6, 202121
-25.2%Nov 10, 20173Nov 12, 201714Nov 26, 201717
-25.08%Nov 29, 20171Nov 29, 20171Nov 30, 20172
-22.35%Dec 5, 20173Dec 7, 20177Dec 14, 201710
-22.03%Mar 18, 20217Mar 24, 202120Apr 13, 202127
-21.99%Feb 28, 202116Mar 15, 20212Mar 17, 202118

ADA-USDVolatility Chart

Current Cardano volatility is 53.64%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%50.00%100.00%150.00%OctoberNovemberDecember2023February
53.64%
16.25%
ADA-USD (Cardano)
Benchmark (^GSPC)