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An investment of $1,000 in Cardano at the current price of $0.3347 could be worth a fortune if ADA surges to ambitious targets of $100, $300, or $500.
Like most major crypto assets, Cardano (ADA) observed its fair share of the recent market bloodbath, with its price plummeting to a yearly bottom of $0.2799 on August 5. However, the token witnessed a quick recovery that saw it climb above the $0.3 mark.
Despite the recovery, ADA is still below its yearly high of $0.807, registered on March 6, 2024. At the current price of $0.3347, Cardano is down 58.52% from this level.
Consequently, 76% of all ADA holders are currently at a loss at the current price, while 19% are in profit, according to data from IntoTheBlock. The remaining investors are at breakeven, suggesting they neither hold ADA at a loss nor profit.
Timeline for ADA Potential Surge to $100, $300, and $500
Although Cardano’s current performance is below expectations, market watchers remain confident in the project. They believe the 10th-biggest cryptocurrency by market cap would rally to unprecedented levels, such as $100, $300, and $500.
To hit the $100, $300, and $500 targets, Cardano must respectively surge 29,777%, 89,532%, and 149,287% from the current price of $0.3347.
Data from Changelly suggests that Cardano might hit the $100 target by March 2040. In addition, Changelly analysts see Cardano hitting the $300 and $500 targets by September 2040 and September 2050, respectively.
Consequently, we analyzed how much a $1,000 investment in ADA today would be worth if Cardano hits these ambitious targets.
Returns on $1,000 Cardano Investment If ADA Hits $100, $300, or $500
With Cardano priced at $0.3347, an investment of $1,000 would fetch you 2,987.75 ADA tokens. Interestingly, these 2,987.75 ADA would be valued at $298,775 if Cardano’s price surges to $100.
At $300 per ADA, the tokens’ value will surge to $896,325. Lastly, an investment of $1,000 could skyrocket to $1,493,875 ($1.49 million) should ADA’s price increase to $500.
While the potential return on investment (ROI) looks enticing, it is important to note that there is no guarantee that Cardano will reach these ambitious targets in its lifetime. Cardano’s peak price, attained on Sept. 2, 2021, remains at $3.1, reflecting an 89.2% dip from the current price.
Nonetheless, Cardano could reach these targets through increased institutional adoption and the launch of new products, among others.