Cardano (ADA) Potential Revealed: Market Cap of 100 Billion, How High Can the Price Soar?
Hey, friends, let's talk about Cardano (ADA)! If ADA's market cap could soar to 100 billion, that would be amazing!
Recently, the cryptocurrency market has been on fire, and Cardano has benefited from it, even though it was not performing well for the past few months. Speaking of this market surge, we have to thank Bitcoin, especially after Trump's rally on November 5th, which made the market even more lively.
When it comes to predictions, analysts have their own opinions. Javon Marks thinks ADA can rise to 8 dollars, Madmaudo says around 3 dollars is reasonable, and Dan Gambardello is even more optimistic, thinking it could skyrocket to 15 dollars! However, some believe that reaching the 15 dollar target is a bit challenging.
Let's do some math: if ADA really rises to 15 dollars, the market cap would be 525 billion, which is significantly higher than Ethereum's current market cap, making it quite a challenge. Back in the 2021 bull market, Cardano's highest market cap was only 93 billion, and ADA was just over 3 dollars. Currently, there are 35 billion tokens in circulation, so to bring the market cap back to 93 billion, the price would need to be 2.77 dollars. If the market cap really reaches 100 billion, the price would need to be 2.85 dollars, which is 551% higher than now, although it's still a bit shy of the 2021 peak of 3.10 dollars.
Overall, while Cardano has great potential, if the market cap truly reaches 100 billion, then the price target needs careful consideration. Retail investors, when looking at the future of Cardano, must take the market cap into account!
If you're always missing the mark, confused about how to operate, and want to keep up with learning, you must meet one condition: you need to be proactive, take action, like + comment, and I will help you make big money!
