The proceeds for investing $1,000 in Cardano today would be a staggering 21,368% ROI in the hypothetical scenario where ADA attains a $100 price.
In the last 24 hours, altcoins have been on a significant bull frenzy, outperforming Bitcoin, as the firstborn crypto stabilizes around $68K. At last check, Cardano bulls have yet to join the frenzy, with ADA up by only 1.5%, as its value settles at $0.4658.
Meanwhile, enthusiasm is high regarding Cardano’s potential in the current bull market, with expectations set ambitiously. It is worth noting that during the previous bull market, ADA’s value soared to $3.10, registering a 3,771% increase within a single year.
Analysts are confident that the market could see a similar trend again. Notably, ADA currently trades at 85% less than its 2021 high. Yet, there are speculations that it could surpass its previous high and even reach prices in the double digits.
In this scenario, individuals who invest a modest sum in ADA today stand to gain substantial profits from Cardano’s potential growth.
For instance, with $1,000, one can acquire a Cardano portfolio containing 2,147 ADA tokens. If Cardano hits the $10 mark, this modest investment could balloon to $21,470. Leading analysts believe reaching $10 is a realistic goal for ADA, possibly within this year or by 2025.
Return on $1,000 Invested in Cardano if ADA Hits $100
Similarly, the value of the 2,147 ADA tokens will soar from $1,000 to a pricey $214,684 in a scenario where Cardano ever attains $100. This growth amounts to a profit of $213,684 or an ROI of 21,368%.
However, the ambitious nature of this target sparks the question about the feasibility of ADA reaching it.
When Can Cardano Hit $100?
Analysts from the Changelly Exchange project that by 2040, Cardano could reach the $100 mark—as early as January or February of that year. They further solidify this forecast by suggesting a minimum price target of $111.21 for Cardano in February 2040, sixteen years from now.
Google Bard (now Gemini) suggests that Cardano reaching $100 would require tech breakthrough, broad adoption, and financial shifts. Yet, the AI chatbot warned that the implication of a $3.5 trillion market cap makes the $100 target unlikely anytime soon.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
