Cardano (ADA) price information for today, August 31, 2023:

Current price: $0.262547 USD

24-hour price change: -0.71%

Market capitalization: $9,207,631,266 USD

Circulating supply: 35,070,074,867 ADA

Max supply: 45,000,000,000 ADA

Cardano is down 0.71% in the last 24 hours. The market capitalization is currently at $9.2 billion, and the circulating supply is 35.1 billion ADA. The maximum supply of ADA is 45 billion.

The price of Cardano has been declining for the past few weeks, along with other cryptocurrencies. This is likely due to a number of factors, including concerns about rising interest rates, a crackdown on cryptocurrencies by the SEC, and a recovering U.S. dollar.

Despite the recent decline, Cardano is still one of the top 10 cryptocurrencies by market capitalization. It is a well-established project with a strong team of developers. In the long term, Cardano has the potential to be a major player in the cryptocurrency ecosystem.

Whether or not it is a good time to buy Cardano is a decision that you will have to make for yourself. There are a number of factors to consider, such as your investment goals, risk tolerance, and time horizon. I recommend doing your own research before making any investment decisions.

Here are some of the factors that could affect the price of Cardano in the future:

Development progress: Cardano is still under development, and the successful completion of upcoming projects could drive the price up.

Adoption by businesses and institutions: If more businesses and institutions start using Cardano, the price could also go up.

Regulation: The regulatory environment for cryptocurrencies is still evolving, and this could have an impact on the price of Cardano.

Overall market sentiment: The overall market sentiment towards cryptocurrencies could also affect the price of Cardano. $ADA