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Cardano could reach ambitious price milestones if its market capitalization expands into the $100 billion to $500 billion range.
Like most tokens, Cardano ($ADA) has experienced choppy price action in recent days, mirroring the performance of the broader cryptocurrency market. After nearing $0.94 on September 18, $ADA lost momentum and slipped back below the $0.90 mark.
At press time, $ADA was trading at $0.899, boasting a market capitalization of $32.19 billion. The token has declined by 2.9% over the past week and 1.64% over the past 24 hours. Similarly, the trading volume of Cardano’s native token has also dropped by 34% over the past day to $1.28 billion.
For Cardano to reach the $100 billion milestone, its market capitalization would need to increase by 210.65% from its current value of $32.19 billion. Achieving a $500 billion valuation, however, would require a far steeper surge of 1,453%.
At $100 billion, one $ADA token would be worth $2.79, while the $500 billion valuation translates to a unit price of $13.96. This estimate assumes that $ADA’s supply remains stable at roughly 35.8 billion.
For context, Cardano has previously surpassed the $2.79 target. The event occurred during the 2021 bull market, when its price eventually reached an all-time high of $3.10. This indicates that the $13.96 target would mark a new $ATH for Cardano.
Experts Predict $ADA Rally to $2.7 or $13.9
Several analysts have been forecasting the token’s surge to the $2.79 and $13.96 targets.
In 2022, a group of experts suggested in a Finder’s report that $ADA would reach $2.79 by the end of the year. However, this never happened as $ADA continues to trade below the level to date.
Earlier this month, popular crypto chartist Javon Marks speculated that $ADA could surge toward $2.91, surpassing the $2.79 mark. He made the bullish prediction after $ADA formed a falling wedge structure. However, he did not predict when this upside move would happen.
Last year, Marks made a similar prediction, forecasting that $ADA was preparing for a major rally to $2.70 before ultimately climbing to $7.77.
Meanwhile, several experts have also predicted the token’s climb to the $13 price mark. Notably, pseudonymous analyst SwingTraderPhil predicted that $ADA could climb to an ambitious $13.53 in the current cycle if it mirrors the historical patterns behind its past rallies.
Many community members believe $ADA could surpass the $2.79 target and its previous $ATH of $3.10 this cycle. However, the timeline for achieving the ambitious $13.96 price remains a key point of debate.
Changelly projects $ADA will hit this milestone by July 2032, about seven years from now. In contrast, Telegaon anticipates that it could happen earlier, by 2030, with $ADA potentially reaching a maximum of $15.08 that year.