What is the circulating supply of Cardano?

3 answers

• Kamran AlakbarliJun 11, 2024 · a year ago
  The circulating supply of Cardano refers to the total number of ADA coins that are currently in circulation and available for trading. It is an important metric that can impact the value of the cryptocurrency. The circulating supply is determined by several factors, including the initial coin distribution, mining rewards, and token burn events. As the circulating supply increases, it can potentially dilute the value of each individual coin, unless there is a corresponding increase in demand. Therefore, investors and traders often monitor the circulating supply to assess the potential impact on the market.
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• Dawid SoburaJun 12, 2021 · 4 years ago
  Cardano's circulating supply is constantly changing as new coins are minted and distributed. It is important to note that the circulating supply does not include coins that are locked or held by the Cardano Foundation or other entities. These locked coins are typically used for development, staking, or other purposes. The circulating supply is a key factor in determining the market capitalization of Cardano and can influence its ranking among other cryptocurrencies. It is also worth mentioning that the circulating supply can vary between different cryptocurrency data sources, so it's important to refer to reliable and up-to-date information.
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• Shabab ArshadMay 23, 2024 · a year ago
  According to BYDFi, the circulating supply of Cardano is currently around 31 billion ADA. However, it's important to note that this number is subject to change as new coins are minted and distributed. The circulating supply of Cardano plays a significant role in its overall market dynamics. As more coins enter circulation, it can potentially impact the price and trading volume of ADA. Investors and traders often consider the circulating supply when making investment decisions, as it can provide insights into the potential future supply and demand dynamics of the cryptocurrency market.
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