Will Cardano reach $10 and $50?
Will Cardano reach $10? Yes, Cardano will reach $10 over the next decade
Cardano Price USD
Cardano Performance in the Last 12 Months
- Last 7 days: -6.4%
- Last 1 month: -6.6%
- Last 6 months: +14.2%
- Last 1 year: -37.5%
- Cardano founder, Charles Hoskinson, has expressed concerns about the recent regulatory complaint against Binance by the SEC. He believes it poses a threat to financial freedom and could lead to increased control over individuals’ financial lives. Hoskinson highlighted the extensive nature of the complaint and suggested that it could be part of a larger plan to establish control over people’s financial activities, potentially including the creation of a centrally-backed digital currency (CBDC) aligned with influential banks.
Will Cardano reach $10? Statistical Analysis
Now, let us look at how much time it took Ethereum to go from the $18B market cap to $333 Billion. It took Ethereum 4 years to reach $333 from $18B. Why will it be longer?
For Cardano the has been tough so far but it has been the same with its competitors, Solana and Ethereum. The crypto market has crashed massively and this has affected all the major cryptos and also the altcoins. Cardano has lost over 65% of its value during the last 12 months. In comparison to ADA, Ethereum is down around 36% since January 2022.
One of the main reasons for Cardano’s tough journey this year is because of a large number of competitors (for example Solana or AVAX). Cardano has a much more difficult task of gaining a share even if its growth remains high. This year, for example, Cardano has underperformed Ethereum and is on par with Solana. 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.
At 30% per annum, it will take 13 years for Cardano to reach $10
Cardano Forecast: Will Cardano Reach $50?
To reach $50, ADA will have to rise 130 times. At $50, Cardano’s market cap would be $1.7 Trillion. If Cardano were to rise at 30% every year, it would take it 19 years to reach $50. It is not practical to make forecasts for those kinds of periods.
Cardano Price Prediction Today: Social Media Sentiment
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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.