Will Cardano reach $10000, $20000?
|Current Market Cap||$9.4 B||Higher|
|Trading Volume||$191.1 M||Higher|
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||15.2%||Higher|
Before we get into the analysis, here are the latest news updates
Latest Cardano News And Statistics
- ADA Rank: 17th; Ethereum Rank: 1st
- Last 7 days change: ADA: -2.4%, ETH: +2.0%
- Last 1-month change: ADA: -11.3%, ETH: +1.2%
- TVL: ADA: $144.4M,ETH: $21.4B
- Cardano Rank: 9th, Ethereum Rank: 1st
- NFT Sales: ADA: Up by 1.6%, ETH: Dropped by 41.3%
Cardano (ADA) staking is now possible on the popular crypto exchange crypto.com. This means that Cardano holders can participate in on-chain staking directly through the crypto.com app. This addition comes alongside other blockchain options like Avalanche (AVAX), Cronos (CRO), Ethereum (ETH), Solana (SOL), and Polkadot (DOT).
Cardano – Buy or Sell? Crowd Poll
Net Buy % = Buy% – Sell%
- June 30th: 67.7%
- August 3rd: 48.8%
- August 29th: 55.3%
- September 27th: +57.1%
- September 28th: +56.4%
Will Cardano reach $20000? What is Cardano?
- Cardano is a decentralized public blockchain that utilizes the Ouroboros proof-of-stake consensus protocol. Launched in 2017 by Charles Hoskinson, a former Ethereum co-founder, its capabilities rival those of other platforms like ETH and Solana, accommodating dApps, games, and DeFi projects. Unlike Bitcoin’s proof-of-work model, Cardano emphasizes network participants for transaction validation, sidelining conventional miners.
- Recently, Cardano introduced updates like Hydra v0.12.0 and Mithril to address scalability and heighten security. Hydra, a layer-2 solution, merges seamlessly with Cardano Node v8.1.2, offering specialized API endpoints for Web 3.0 developers. Mithril, rooted in a 2021 research paper, furnishes resources for quicker node synchronization and expanded decentralization.
- In terms of adoption metrics, of the $38.3B Total Value Locked in DeFi, Cardano claims a portion of only $164 million but this has almost tripled in the first 8 months of the year. Meanwhile, ADA, Cardano’s native token, saw considerable price fluctuations. Listed in 2017, it reached an apex of nearly $3 in September 2021, only to plummet to $0.24 by January 2023. When evaluating the ROI since its inception, ADA has showcased a return of over 1100%, although its performance exhibits periods of inconsistency tied to broader market conditions and macroeconomic factors.
Will Cardano Reach $10000? Analysis
Considering that reaching $1000 is difficult for ADA, $10,000 is indeed an impossible task. Let us also analyze this mathematically.
Cardano needs to increase its value by 31,250 times in order to reach a price of $10,000.
If it were to grow at a rate of 25% annually, it would take approximately 23 years for Cardano to reach the $10,000 price level.
Thus, Cardano cannot be considered to reach $10,000 soon, considering the current market conditions of economic factors.
Will Cardano reach $20000: Analysis
Cardano needs to increase its value by 62,500 times in order to reach a price of $20,000.
If it were to grow at a rate of 25% annually, it would take approximately 27 years for Cardano to reach the $20,000 price level.
Cardano’s market capitalization has been consistently exceeding eight figures. With a maximum supply of There are about 34 billion tokens in circulation out of 45 billion total. Cardano (ADA) will need to start taking market share away from competitors if it wants to maintain growth.