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If Cardano (ADA) maintains a consistent 5% monthly growth, it could break through the $10, $50, and $100 price milestones in ten years.
Cardano recently overtook XRP to become the worst-performing asset among the top ten. Last week, the price of ADA bottomed at $0.3666, marking a 54.57% decline from its yearly high of $0.807, which it attained in March.
Notably, the setback that befell ADA is not an isolated outcome. The broader market sentiment has been bearish; ADA was just among the worst hit.
Regardless, Cardano Bulls have not given up on ADA. Despite its underwhelming trajectory, market watchers continue to project double-digit price outlooks for Cardano. This assessment ponders a scenario where ADA attains the unprecedented price thresholds of $10, $50, and $100 through a consistent 5% monthly growth.
Cardano Growing by 5% Monthly
At press time, ADA trades at $0.3856. Calculating its potential value after a 5% growth requires multiplying the floor price by 1.05. Accordingly, a 5% gain by next month would put Cardano back at $0.40488.
By the sixth month of a consistent 5% uptick, ADA could regain the $0.5 region, trading at $0.5167. Meanwhile, Cardano would take approximately 20 months to reach the $1 threshold at this growth rate.
The exponential growth formula is required to expedite the process of determining how long it will take to reach $10 upon a 5% monthly gain. The Crypto Basic used this formula through OpenAI’s ChatGPT for the calculations.
Timeline for Cardano to Reach $10 with 5% Monthly Surge
According to ChatGPT’s calculations based on exponential growth, it would take approximately 67 months for Cardano’s ADA to reach $10 if it consistently gains 5% per month. This would put the timeline for a $10 ADA at around 2030.
Notably, analysts at prediction platform Telegaon agree that ADA could hit $10 in six years. In contrast, crypto enthusiasts are more optimistic that ADA will reach $10 by next year. Achieving this would require a remarkable growth rate of 2,493.36% between now and 2025.
However, if ADA can sustain a monthly growth rate of 30%, it’s possible that it could reach the $10 mark as early as next year.
When ADA Can Hit $50 and $100 with 5% Monthly Gain
ChatGPT’s calculations also revealed that ADA could take around 100 months to reach $50, putting the timeline at around 2032. In contrast, analysts at Telegaon believe that ADA’s maximum potential is capped at $45, and even that wouldn’t be achievable until 2050.
As for the ambitious $100 target, ChatGPT’s calculations suggest that it could take ADA around 114 months, or approximately 9.5 years.
This would put the timeline at around 2033. If ADA reached $100, its market capitalization would hypothetically swell to around $4.5 trillion.