If Cardano (ADA) consistently grows by 5% monthly, it could surpass the $10, $50, and $100 price milestones within ten years. Recently, Cardano overtook XRP as the worst-performing asset among the top ten. Last week, ADA’s price hit a low of $0.3666, a 54.57% drop from its yearly high of $0.807 in March. This decline reflects the broader bearish market sentiment, with ADA among the worst affected.
Market Projections For ADA
Despite ADA’s recent underperformance, Cardano bulls remain optimistic. Market analysts continue to project double-digit prices for Cardano, envisioning it reaching $10, $50, and even $100 through a steady 5% monthly growth. Currently, ADA trades at $0.3856. With a 5% monthly growth, its price would rise to $0.40488 next month. After six months, ADA could reach $0.5167. Furthermore, it would take about 20 months for ADA to hit the $1 mark at this growth rate.
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Using the exponential growth formula, it would take approximately 67 months for ADA to reach $10 with a consistent 5% monthly gain. This places the timeline around 2030. Analysts at Telegaon concur, predicting ADA could hit $10 in six years. However, some crypto enthusiasts are more optimistic, believing ADA could reach $10 by next year, requiring a 2,493.36% growth rate by 2025. A 30% monthly growth rate could make this possible as early as next year.
Surpassing $50 and $100 with Consistent Growth
ChatGPT’s calculations also suggest ADA could take around 100 months to reach $50, setting the timeline at 2032. On the other hand, Telegaon analysts believe ADA’s maximum potential is $45, achievable by 2050.
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To hit the ambitious $100 target, ADA would need approximately 114 months, or 9.5 years. This places the timeline around 2033. If ADA reaches $100, its market capitalization could swell to about $4.5 trillion.
While Cardano’s recent performance has been lackluster, the potential for significant growth remains. With consistent monthly growth, ADA could achieve remarkable price milestones, reflecting the enduring optimism of its supporters.
