Here’s How Much Your $100 Investment in Cardano Will Be Worth If ADA Reaches $1 - BitcoinEthereumNews.com
Cardano (ADA) is focused on providing a secure and scalable platform for the development and execution of smart contracts and decentralized applications (dApps). It has a number of features that may make it...
Cardano (ADA) is focused on providing a secure and scalable platform for the development and execution of smart contracts and decentralized applications (dApps). It has a number of features that may make it attractive to investors and developers.
Cardano reached its peak in the bull market of 2021, recording an all time high of $3.10. With a market capitalization of $9 billion, ADA is currently trading at $0.2667.
Cardano has experienced a hard time gaining momentum for quite some time. ADA’s prices have declined by 14.77% in the last 7 days and by 17.47% in the last one month.
Cardano prices have slumped by 27.44% in the past two months, by 44.22% in the last three months, and by 80.63% year-to-date (YTD). There is undoubtedly a downward trend in the price of ADA, owing to several market factors. But it also means this could be a great time to invest, as Cardano is in a dip right now.
Cardano (ADA) Price Prediction
How Much Money You Would Make if ADA Reaches $1?
Let’s assume that ADA hits $1 in the coming years. This assumption is not misplaced, as Cardano has breached this barrier several times before and has traded above the $1 mark for most of 2021. It is very likely that ADA will breach $1 barrier in the next bull run.
So, the question is how much money you would make if you invested X amount in ADA today. Let’s say you invest a modest $100 today.
At the current price of $0.2667, you will have 374.95 ADA coins. And if you liquidate these coins when ADA hits $1, your $100 will become $374.95, a 3.7x return on investment.
Likewise, if you buy $1000 worth of ADA, you will have 3749.5 coins. In this case, you will make $3749.5 on your $1000 investment, a 274.95% ROI.
It is important for anyone considering investing in Cardano or any other cryptocurrency to carefully research the asset and understand the risks involved before making any investment decisions.
Disclaimer: This is not investment advice.
Dhirendra is a writer, producer, and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he is not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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