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
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.
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ADA-USDReturns in periods
ADA-USDMonthly Returns Heatmap
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
|-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|
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.