Cardano (ADA-USD)
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.
ADA-USDCompare to other instruments
Popular comparisons: ADA-USD vs. BTC-USD, ADA-USD vs. IMOEX, ADA-USD vs. SPY, ADA-USD vs. HBAR-USD
ADA-USDReturns in periods
| Period | Return | Benchmark |
|---|---|---|
| 1M | 37.24% | 5.55% |
| YTD | 55.16% | 7.07% |
| 6M | -27.50% | -0.82% |
| 1Y | -66.15% | -8.65% |
| 5Y | 0.47% | 6.00% |
| 10Y | 38.57% | 6.30% |
ADA-USDMonthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 58.61% | |||||||||||
| 2022 | -13.61% | -2.74% | -6.46% | -21.52% | -22.71% |
ADA-USDDrawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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, 2018 | 798 | Mar 12, 2020 | 345 | Feb 20, 2021 | 1143 |
| -91.77% | Sep 4, 2021 | 482 | Dec 29, 2022 | — | — | — |
| -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 |
| -25.2% | Nov 10, 2017 | 3 | Nov 12, 2017 | 14 | Nov 26, 2017 | 17 |
| -25.08% | Nov 29, 2017 | 1 | Nov 29, 2017 | 1 | Nov 30, 2017 | 2 |
| -22.35% | Dec 5, 2017 | 3 | Dec 7, 2017 | 7 | Dec 14, 2017 | 10 |
| -22.03% | Mar 18, 2021 | 7 | Mar 24, 2021 | 20 | Apr 13, 2021 | 27 |
| -21.99% | Feb 28, 2021 | 16 | Mar 15, 2021 | 2 | Mar 17, 2021 | 18 |
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.