How much Cardano do you need to make $1 million if ADA reaches $5 or $12.8

With Cardano (ADA) gaining attention for a potential rally at $5 and $12.8, we have detailed the amount of ADA you need to buy in order to make a profit of $1 million if the prediction comes true. Several analysts have speculated that Cardano (ADA) could become one of the best performing cryptocurrencies of the year when the bull run reaches its peak. In line with this optimism, these experts have issued remarkable predictions for Cardano, with some of these analysts predicting that ADA could reach an ambitious target of up to $12.8.

For example, Dan Gambardello, a well-known investor and founder of Crypto Ventures, predicted that if the price of ADA continues to double from $0.8, it could eventually reach $12.8. Interestingly, Ali Martinez, a well-known market observer, has a more conservative prediction for ADA, speculating that the asset could reach $5 by the end of the year.

With Martinez and Gambadillo predicting that ADA will rise to $5 and $12.8, the prospect of receiving a $1 million return on investment if these predictions come true is appealing to Cardano investors.

To become a millionaire if ADA reaches $5, an investor would need to buy 200,000 ADA. With the ADA price at $0.6218, the current value of these 200,000 ADA is $124,360. If the price of ADA eventually reaches the $5 this year that Martinez predicts, that $124,360 investment could turn into $1 million. To understand, ADA would have to rise by 704.1% from its current price level in order to reach its target of $5.

If ADA breaks through Gambadillo’s forecast of $12.8, this target is more ambitious than Martinez’s prediction. To become a millionaire, an investor would need to purchase 78,125 ADA, which is currently valued at $48,578 a few hours before press time. If Cardano rises from its current price level of $0.6218 to its ambitious target of $12.8, your $48,578 investment in ADA today would fetch you a return of $1 million.

Meanwhile, last year, well-known cryptocurrency influencer Ben Armstrong, aka BitBoy, highlighted three scenarios explaining how investors could become millionaires on Cardano. In the first scenario, he revealed that investors could receive a return of $1 million if the coin’s market cap surges to $175 billion, pushing its price to $5. In this case, an investor holding 200,000 ADA could make $1 million in profit if ADA reaches the $5 target. Additionally, BitBoy speculated that many Cardano investors who hold at least 125,000 ADA could become millionaires if the price of ADA reaches $8. Lastly, the crypto influencer predicts that an investor holding 100,000 ADA could earn a return of $1 million if the price of ADA hits $10.

According to BitBoy, ADA could surpass $3 at the peak of the bull run. He noted that factors such as the Hydra upgrade and increased interest in emerging economies will pave the way for a potential rally in Cardano that would take it past its target of $3.

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