Cardano (ADA) has been negatively affected by the recent crypto downturn, causing its price to decrease. Despite this, many investors remain optimistic about ADA's future, with some setting an ambitious target of $1 trillion for its market cap. Prominent investor Lucid believes ADA will be the first altcoin to reach this milestone by addressing blockchain trilemma issues. If ADA were to achieve a $1 trillion market cap, its price would rise to $28.546 from the current $0.354, potentially making a portfolio of 35,031 ADA coins worth $1 million. Some analysts have projected ADA to reach the $28 range in the future, with estimates ranging from 2033 to 2040. It is important to note that these estimates should not be considered as investment advice. Cardano investors are preparing for the second phase of the current bull run, expecting development activities and decentralized governance to drive up ADA's price.
- Content Editor ( thecryptobasic.com )
- 2024-10-23
Here’s How High Cardano Could Go If Its Market Cap Reaches $1T