Cardano (ADA) as of today, December 17, 2023, 5:33 p.m. PST:
Price
Market capitalization: $21.52 billion
Circulating supply: 35,337,371,983.889 ADA
Maximum supply: 45 billion ADA
News and developments:
The total value of the Cardano DeFi ecosystem is approaching $450 million amid the Layer 1 push: This is a positive sign for the Cardano ecosystem as it shows that there is growing interest and adoption of decentralized finance applications ( DeFi) on the platform.
Cardano Alonzo Hard Fork Update: The Alonzo hard fork update, which introduced smart contract functionality on Cardano, was a major milestone for the platform. This update has opened the door to creating a wide range of new applications on Cardano, including DeFi applications, NFTs, and more.
General sentiment:
Cardano is a highly respected blockchain platform with a strong focus on security and scalability.
The recent increase in the total value locked (TVL) of the Cardano DeFi ecosystem is a positive sign for the future of the platform.
However, the cryptocurrency market remains volatile and the price of ADA could fluctuate significantly in the short term.
