+

Total Market Cap: $2.360T

24h Volume: $33.110B

BTC Dominance: 67.94%

Global Market Sentiment: 29

Average Market Correlation: 0.34

The Average Correlation of all crypto pairs. An Average Market Correlation close to 1 indicates that all crypto pairs are moving in the same direction. Such a situation can be observed during a significant market crash.
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Beta

Cardano

ADA
Rank #7
$0.614

+2.27%

Low:
$0.5881
High:
$0.6276
(24h)
Volume 24h
$557,231,086
-32.51%
Circulating Supply
36,003,668,679 ADA
Total Supply
ISSUE TO SOLVE
Max Supply
45,000,000,000 ADA
Market Cap
$22,504,402,796
Fully Diluted Market Cap
$27,630,926,841
Indicators
Volatility
Annualized Volatility of the Daily Returns, over the last month.
67.55%
Market Correlation
Correlation Coefficient between crypto Daily Returns and the Total Crypto Markets Daily returns, over the last month.
0.58
Beta
The Beta coefficient is a measure of a crypto volatility and direction in comparison to the volatility and direction of the overall market. A positive Beta greater than 1 indicates that the crypto is more volatile than the market, while a beta less than 1 means it is less volatile.
0.576
Market Dominance
0.95%
ATL/ATH
$0.03/$2.90
Relative Strength Index
The Relative Strength Index (RSI) is an indicator that measures the rate of price changes by comparing the extent of recent gains to recent losses. It scales from 0 to 100 and is used to determine potential turning points in price behavior. A reading above 70 indicates that an asset may be due for a decrease in price, while a reading below 30 suggests a potential increase in price. The RSI calculated here is based on Daily returns over the last month.
42
Information for Cardano
Last News related to Cardano
What is Cardano ?

Overview

Avalanche (AVAX) is a decentralized, open-source blockchain platform launched by Ava Labs in 2020. It aims to provide a scalable, high-performance network for the creation and deployment of decentralized applications (dApps) and enterprise blockchain solutions. Avalanche is designed to be highly customizable, allowing developers to create tailor-made blockchains with specific rule sets. The platform supports interoperability between different blockchain networks, fostering a diverse and robust ecosystem.

Utility

Avalanche's native token, AVAX, is used for various purposes within the network, including paying transaction fees, staking, and participating in governance decisions. The platform's high throughput and low latency make it ideal for a wide range of applications, from DeFi projects to digital collectibles. AVAX is also used as a unit of account within the Avalanche ecosystem, facilitating seamless transactions and value exchanges.

Security

Avalanche uses a consensus protocol known as Avalanche Consensus, which is designed to provide high security, fast finality, and resistance to attacks. The protocol operates by having validators sample a small, randomly selected subset of other validators to determine consensus, ensuring robust security and efficiency. This unique approach enhances the resilience of the network against malicious activities and ensures the integrity of the blockchain.

Supply data provided by CoinGecko API
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