Analysis suggests that early investors could potentially reap substantial gains on their investments if Cardano surpasses Ethereum in global cryptocurrency rankings
The ongoing bearish trend in the broader crypto market has continued to weigh heavily on Cardano’s performance. Over the past week, ADA has recorded the steepest decline among the top 10 cryptocurrencies by market capitalization
According to data from CoinMarketCap, ADA has dropped 6.81%, closely followed by Dogecoin, which has a 6.14% loss. This downturn has kept Cardano firmly in the 10th position, a spot it has held for over a month
While many investors have frowned at Cardano’s recent price slump, many still consider it an opportunity to buy more ADA at lower prices. For instance, at the current price of $0.6104, investors can procure 10,000 tokens for $6,104
Such a purchase would have cost approximately $8,910 when ADA traded around $0.891 a few weeks ago, or about $13,200 when the token was priced at $1.32 in December 2024. Notably, it currently costs around $6,104 to buy 10,000 ADA from a trading platform
Value of 10K ADA if Cardano Overtakes Ethereum
The value of this modest investment could rise significantly if ADA surpasses Ethereum, potentially becoming the second-largest cryptocurrency globally. Currently, the market cap difference between Cardano and Ethereum is substantial. While Ethereum is valued at $465.43 billion, the market cap of Cardano is approximately $21.89 billion, indicating that ETH’s valuation is 21.26 times larger than ADA’s at present
To overtake Ethereum, Cardano must reach a valuation of $470 billion, representing a 2,047% increase from its current market cap. Given its circulating supply of 35.86 billion tokens, this valuation translates to a unit price of $13.1.
This implies that one ADA will trade at $13.1 if Cardano overtakes Ethereum today by reaching a market cap of $470 billion. At $13.1, a portfolio of 10,000 ADA would be valued at $131,000, representing an ROI of $124,896
Points to Note
This projection aligns with the $13 price target shared by a popular stock analyst behind the BasicTradingTv account on TradingView. It also appeared in our earlier analysis, which estimated ADA’s potential valuation if it were to surpass Ethereum by 2030
However, according to Changelly, Cardano could reach a lofty target of $13 in the second half of 2032, approximately seven years from now. Even if ADA achieves this milestone, it wouldn’t necessarily mean the project would surpass Ethereum in global crypto rankings, as ETH is also expected to record substantial price gains over the same period
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