How much will 1 Cardano be worth if ADA reaches $100 billion in market value?

Cardano’s potential to retest its 2021 all-time high depends on its market cap climbing to the aspirational level of $100 billion.

The crypto market has seen an impressive rally, with Cardano being one of the biggest beneficiaries after months of underperformance. Notably, the recent market rally was driven by Bitcoin pushing to new highs following Donald Trump’s victory in the U.S. presidential election on November 5.

Despite Cardano’s weak performance from March to October, market analysts remain confident in the altcoin’s potential. For example, recently market observer Javon Marks predicted that Cardano has the potential to rise to $8.

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Meanwhile, earlier this month, another analyst, Madmaudo, advocated that ADA’s rise to the $3 level is imminent. Additionally, analyst Dan Gambardello predicts a possible rise to $15. However, while experts believe most of these goals are within reach, others believe that targets like $15 may be unrealistic.

Price if Cardano reaches $100 billion market cap

The main reason for skepticism is the market cap due to the higher price target. To put this in context, a price of $15 would give Cardano a valuation of $525 billion, significantly higher than Ethereum’s current market cap of $365 billion. This would make ADA the second-largest crypto asset, a tall order.

It is worth noting that ADA’s peak market cap was $93 billion, a valuation it reached when it surpassed $3 during the 2021 bull run. However, with a current circulating supply of over 35 billion tokens, if Cardano were to reach its peak of $93 billion again during this bull run, it would trade at $2.77.

Meanwhile, if ADA surpasses this level and reaches a market cap of $100 billion, its price could approach its previous all-time highs. In particular, at a market cap of $100 billion, Cardano would be trading at $2.85. While this would be a 5,51% increase from current prices, ADA would still be 5% away from its 2021 high of $3.1.

ADA gained 27% in November

It is worth noting that as the market progresses, the likelihood of this recovery becomes more clear. Cardano has capitalized on the recent uptrend to record an impressive 22% growth over the past seven days, making it the second-largest gainer among the top 20 assets in that time frame, second only to Dogecoin (DOGE).

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Prior to this, ADA had been performing poorly after crashing from its yearly high of $0.8104 in March. Significantly, from March to October, Cardano crashed 48%.

Interestingly, ADA has recovered most of its value, gaining 27.88% in November, and the altcoin season is yet to come. Currently with a market cap of $15.3 billion, Cardano has re-entered the list of top 10 assets, having previously fallen out of that range in August when its market cap slipped to $11 billion.

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