Cardano (ADA) Price Today: Everything You Need to Know

Cardano's Bullish Run Continues

Cardano (ADA), the native token of the Cardano blockchain, has been on a tear lately, reaching new all-time highs.

As of writing, ADA is trading at $0.45, up 5% in the past 24 hours and 20% in the past week. This surge in price comes as Cardano continues to make progress on its roadmap, including the upcoming launch of smart contracts and the Goguen era.

Cardano is a proof-of-stake blockchain that was founded in 2017 by Charles Hoskinson, one of the co-founders of Ethereum. Cardano is designed to be a more scalable and efficient blockchain than Ethereum, and it has a number of features that make it well-suited for enterprise use.

The Cardano blockchain is currently in the Shelley era, which is focused on decentralization. The next era, Goguen, will see the launch of smart contracts and other features that will make Cardano more usable for developers and businesses.

The upcoming launch of smart contracts is a major catalyst for the recent surge in Cardano's price. Smart contracts are programs that can be stored on the blockchain and executed automatically when certain conditions are met. This has a wide range of potential applications, including decentralized finance (DeFi), supply chain management, and voting.

Cardano is still a relatively new blockchain, but it has a strong team and a clear roadmap. The upcoming launch of smart contracts is a major milestone for Cardano, and it is expected to drive even more growth in the price of ADA.