Logo
Cardano Ecosystem

TheCryptoBasic

02/29/2024

·

41 views


Here Is When Cardano Can Reach $140.66 to $165.84

Cardano's price can soar well into the three-figure region in the coming years, according to a recent prediction by Changelly. Cardano’s native cryptocurrency, ADA, is one of the largest coins by market capitalization, with a $24.8 billion valuation. However, the coin has often come under criticism in recent times for failing to deliver as much

Here Is When Cardano Can Reach $140.66 to $165.84

Cardano’s price can soar well into the three-figure region in the coming years, according to a recent prediction by Changelly.

Cardano’s native cryptocurrency, ADA, is one of the largest coins by market capitalization, with a $24.8 billion valuation. However, the coin has often come under criticism in recent times for failing to deliver as much returns as other competing layer-1 blockchains. The project has also had its fair share of challenges with attracting developers to build on the Cardano. 

Nonetheless, a recent prediction piece by popular crypto exchange Changelly tips Cardano to overcome these challenges, causing the price of ADA to soar well into the three-figure region. For context, Cardano (ADA) is currently priced at $0.69, meaning any run to over $100 will be nothing short of massive for its holders. 

Interestingly, Changelly expects such an outcome but warns it could take at least more than a decade and a half for the coin to reach such unprecedented levels.

Cardano Tipped to Reach $140.66 to $165.84 by 2040

Throughout its history, Cardano has delivered over 3,000% gains for investors, according to CoinMarketCap data. However, Changelly expects that figure to rise at least seven times in the future. 

The prediction means that from its current value of around $0.69, the price of ADA would surge to over $140, which would represent around 26,000% returns. The cryptocurrency’s value could also rise as high as $165.84, according to the prediction.

Cardano Price Prediction 2024
Cardano Price Prediction 2024

Evidently, investors will have to exercise remarkable patience, with ADA not expected to reach that range until March 2040. The cryptocurrency industry will have to reach mainstream adoption while Cardano fulfills its ambition of being one of the most widely used blockchains in the space.

- Advertisement -

Given its maximum supply of 45 billion coins, it is also worth mentioning that a $140 price will mean that Cardano reaches a market cap of $6.3 trillion. The entire crypto market cap stands at around $2.3 trillion, supporting the thought that the entire industry will have to be valued at perhaps hundreds of trillions of dollars for Cardano to reach the predicted price range in the coming years.

Key Developments Around Cardano

While the predicted numbers may appear highly unattainable for Cardano in the short term, the figures suggest that the project has remarkable room for growth in the coming years. Recent developments around the Cardano ecosystem also appear to back the claims.

In recent times, Cardano has witnessed a new surge of interest from users. For instance, memecoins are finally springing up on the network and delivering huge returns for most investors. The memecoin frenzy contributed to unparalleled growth for most blockchains, and Cardano may likely grow its market share in this niche in the coming years.

Meanwhile, the Cardano DeFi ecosystem is currently valued at around $420 million, significantly lower than Ethereum at $53 billion, according to data on DeFilLama. With more projects building on Cardano in recent times, the network could potentially attract more capital to its DeFi ecosystem, which in turn could help the price of Cardano reach the projected figures.

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on TheCryptoBasic

ORIGINAL SOURCE

https://thecryptobasic.com/2024/02/29/he...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from TheCryptoBasic

See more
Cardano Founder’s Pig Inspires NIKE Memecoin, Hits Nearly $1M in 12 Hours
TheCryptoBasic
Cardano Founder’s Pig Inspires NIKE Memecoin, Hits Nearly $1M in 12 Hours

yesterday at 8:35 AM

·

11 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)