Investing $1,000 in Cardano today could result in an astounding 21,368% return on investment (ROI) if ADA reaches a price of $100. While Bitcoin remains stable around $68K, altcoins have been experiencing a significant bull frenzy in the past 24 hours, with Cardano (ADA) trailing behind at a modest 1.5% increase and a value of $0.4658.
Despite this, there is a lot of optimism surrounding Cardano’s potential in the current bull market, with expectations set on a high level. It is worth noting that during the previous bull market, ADA’s value skyrocketed to $3.10, marking a 3,771% increase within a year.
Analysts strongly believe that we could see a similar trend in the market again. It is interesting to note that ADA is currently trading at 85% less than its 2021 high, but there are speculations that it could surpass its previous high and even reach double-digit prices.
In this scenario, individuals who invest a modest sum in ADA today could potentially earn substantial profits from Cardano’s projected growth. For example, with $1,000, one could acquire a Cardano portfolio consisting of 2,147 ADA tokens. If Cardano reaches the $10 mark, this initial investment could grow to $21,470. Prominent analysts consider reaching $10 a realistic goal for ADA, possibly within the next few years.
Similarly, if Cardano ever reaches $100, the value of the 2,147 ADA tokens would soar from $1,000 to an impressive $214,684. This would result in a profit of $213,684 and an ROI of 21,368%.
However, the ambitious nature of this target raises questions about the feasibility of ADA reaching such heights. Analysts from the Changelly Exchange predict that Cardano could reach the $100 mark by 2040, possibly as early as January or February of that year. They further support this forecast by suggesting a minimum price target of $111.21 for Cardano in February 2040, sixteen years from now.
Google Bard (now Gemini) also suggests that for Cardano to reach $100, it would require technological breakthroughs, widespread adoption, and significant financial shifts. However, the AI chatbot warned that the implication of a $3.5 trillion market cap makes the $100 target unlikely in the near future.
It is important to note that this content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are the author’s own and do not reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.