Will Cardano reach $10? Yes, it will!





Will Cardano reach $10? Yes, it will!

Will Cardano reach $10? Yes, Cardano will reach $10 before 2035 assuming ADA crows at 30% per annum

Many experts believe that Cardano is potentially the “Ethereum killer” as it is gradually developing into an innovative ecosystem for developers. The blockchain that keeps upgrading even in the current market scenario is exactly what investors should look for to consider in a well-diversified portfolio. The Vasil hard fork is also scheduled for the next few days.

Will Cardano reach $10? Statistical Analysis

Cardano Price on July 20th $0.5441
How many times will the price have to rise to become $10? 18
Market Cap as of July 20th $18.1 B
How much is 18 times $18.1 B? $333 Billion
If ADA were to rise 30% per year, how many years to reach 10 dollars? 12 years

So ADA Cardano price can easily reach $10 by 2035 with a market cap of $333 Billion.

Neuralprophet predicts Cardano could reach $2.9 by September.

Cardano price prediction aggregated from various websites is $8.4 by 2030.

Now, let us look at how much time it took Ethereum to go from $18B market cap to $333 Billion? It took Ethereum 4 years to reach $333 from $18B. Why will it be longer?

Competition

Will Cardano reach $10?: ADA Performance Chart

Because of a large number of competitors (for example Solana or AVAX), Cardano has a much more difficult task gaining share even if its growth remains high. This year, for example, Cardano has underperformed Ethereum and is on par with Solana.

ADA SOL ETH
5 Days +21.8% +22.3% +27.4%
YTD -61.1% -74.5% -58.3%
 

So unlike Ethereum which had 2-3 major competitors like Litecoin and Ripple, Cardano has to contend with Ethereum itself which has responded to every Cardano upgrade or innovation with an upgrade itself. So Cardano may grow but is unlikely to gain share from Market leader Ethereum. Therefore a 30% per annum is a fair growth estimate for Cardano.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Read: Best cryptocurrency to invest in 2022

Will Cardano reach $10? Yes, it will!



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