Can Cardano reach $500, $100?

Cardano is a decentralized public blockchain employing the proof-of-stake Ouroboros consensus protocol, setting itself apart as an efficient alternative to Proof-of-Work systems. It offers a platform for a plethora of applications, from dApps and DeFi projects to games. Unlike Bitcoin’s Proof-of-Work mechanism, Cardano’s unique transaction validation uses a proof-of-stake consensus, with network participants as validators. The blockchain comprises two segments: the Cardano Settlement Layer (CSL) for transaction validation and the Cardano Computing Layer (CCL) for app computations.

• Cardano is struggling to differentiate itself from Ethereum and is underperforming ETH (as we saw earlier)
• Blockchain and Cryptocurrencies are not yet fully proven concepts, and it would be crazy to predict a $7 trillion market cap with the data we have.
• Given the 2008 credit crisis and the massive liquidity after COVID, the Central Banks and Governments are learning harsh lessons and it is unlikely liquidity will run as freely as it did between 2017 and 2021.

Cardano’s Projects and Use Cases: Cardano’s expansive ecosystem caters to a wide array of applications. DeFi platforms like ERGO DEX, MELD, and SundaeSwap have been developed on the network. ERGO DEX facilitates trading across either the ERGO or Cardano network, MELD introduces fiat loan capabilities to the crypto domain, and SundaeSwap operates similarly to Uniswap. Additionally, a myriad of apps, ranging from DEX platforms like AdaSwap and Minswap to crypto wallets like Nami Wallet and lending platforms like Ardana, have been introduced. The Cardano blockchain also supports NFT marketplaces like Galaxy of Art and Artane.

Cardano Price Performance So Far

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Last 7 Days	-3.0%
Last 1 Month	-12.3%
Last 12 Months	+24.5%
Quality Of Investment	Moderate

Are you buying or selling Cardano Crypto? Choose from below

Summary: Cardano ADA is the least whale-dominated asset, with whale holdings at just 8.55%. ADA has been trading positively since its launch. In fact, since the end of the US election on Nov 5th, Cardano has been surging. ADA has over 3.5M holders and the Top 100 holders hold only 23% of the supply.

Will Cardano Reach $500?

To reach $500, ADA will need to rise 791x.
At $500, the target market cap will be approximately $17.67 trillion.
If ADA were to rise at the pace of 25%, it will take approximately 30 years to reach $500.

Considering all the data sets, here is the evaluation

• Quality of Investment– Moderate
• Growth needed to reach $500– Not Feasible
• Market Cap at $500– Not Feasible
• Time required to reach $500 at a rate of 25% per annum– Not Feasible

Overall, there is no way that Cardano will reach $500. The best-case scenario is for Cardano to burn 75% of the coins.

Will Cardano reach $100?

To reach $100, ADA will need to rise 158x.
At $100, the target market cap will be approximately $3.53 trillion.
If ADA were to rise at the pace of 25%, it will take approximately 23 years to reach $100.

• Ethereum went from $8 to $1600 in less than 6 years
• Binance rose 200x in 5 years
• BTC went from $100 to $20000 in less than 10 years

The aggregated Cardano Price Prediction in 2030 is $5.9. Therefore, considering the Quality of Investment, the growth required, and the time required, Cardano has a low chance of reaching $100.

Compare whether Cardano was a better or worse investment option than other Cryptocurrencies.

Note: Please consult a registered investment advisor to guide your financial decisions.