thecryptobasic.com
Content creator OxManuel has made a bold prediction on Cardano and the prospect that its future price trajectory will retire current holders.
OxManuel shared these thoughts in his recent X post, maintaining a bullish stance on the cryptocurrency. He highlighted that Cardano has life-changing financial potential, and it is a matter of time of when it realizes this potential.
Cardano 10x Only a 240B Market Cap
Notably, Cardano trades at $0.68 with a market cap of $24.6 billion. The 10th-largest cryptocurrency by market cap is up over 5% in the past 24 hours and 3% over the last seven days.
How a 10x Rally Can Retire Cardano Holders
While the Cardano community figure did not cap ADA’s growth at a 10x rally, we will analyze whether such upside will help holders retire.
For perspective, the retirement budget for individuals depends on their spending habits and geopolitical location. For a moderate spender or those in a less expensive area, $500,000 could be enough to retire. However, $1 million may be enough for those in high-end cities.
For a user to make $500,000 when Cardano rallies 10x to $6.8, they would have to hold $50,000 worth of ADA at the current market price. Notably, $50,000 in ADA can buy 73,529 ADA now.
Meanwhile, making $1 million if ADA rallies 10x is a lot more financially tasking. It means one would hold $100,000 in ADA at the current market price, which represents 147,058 tokens.
Can Cardano Rally 10x?
Interestingly, several analysts have predicted that Cardano could rally significantly before the bull cycle ends, with a 10x rally to over $6 as one target. Top analyst Ali Martinez shared this prediction in September, suggesting we might be in the early stages of an explosive ADA rally to $6.25.
However, some view this prediction as conservative. Cardano permabull Dan Gambardello agrees with a prediction that the token would reach $7.5 this cycle and even shared an exit strategy to benefit from this moonshot.
Meanwhile, he also predicted in a parallel analysis that $10 is very realistic for Cardano, citing historical performance and bullish prospects.