Analysis indicates that the price of Cardano will reach double figures if it achieves Ethereum’s current market capitalization by 2030.
Cardano remains a notable asset in the cryptocurrency space. It currently ranks tenth by market capitalization and has maintained that position for some time, despite attempts by newer altcoins to overtake the blue-chip cryptocurrency.
However, many suggest ADA belongs much higher. Specifically, Cardano founder Charles Hoskinson believes that Cardano will surpass Ethereum, citing a superior technological and ecosystem roadmap.
As a result, we analyze the prospects of Cardano reaching Ethereum’s current market cap by 2030, drawing on the insights of OpenAI’s chatbot, ChatGPT.
Cardano Price of It Reaches Ethereum Market Cap by 2030
Meanwhile, ChatGPT established the disparity in the current valuations of Cardano and Ethereum, predicting how high the former needs to rise to catch up with the latter. For perspective, CoinMarketCap shows that Cardano is trading at $0.79 at the time of writing, with a market cap of $28.3 billion.
On the other hand, Ethereum ranks as the second-largest cryptocurrency by market cap, with a valuation of $484.8 billion. This culminates in a price of $4,015 with its current circulating supply of 120.7 million tokens.
Furthermore, the chatbot highlighted that the market cap of Ethereum is approximately 17.12 times that of Cardano. Inversely, it means that ADA’s valuation equals just 5.83% of Ethereum’s. These figures came about by dividing the market cap of Ethereum by that of Cardano and vice versa.
Now, if Cardano matches the current market cap of Ethereum by 2030, its price could rally extensively from its current value. ChatGPT calculated this by multiplying the current market price of $0.79 by the market cap ratio of 17.12. This takes the projected ADA price by 2030 to a new all-time high of $13.52, representing a 1,611% rally from the current price.
However, ChatGPT stressed that this projection ignores real market factors such as market sentiment and supply changes. Additionally, it noted that this was a linear scaling approximation, which typically does not occur in reality.
Cardano to $13+ by 2030?
Remarkably, multiple analysts have predicted Cardano’s rally to $13, indicating that this is a realistic goal within the next five years. For context, the BasicTradingTV analyst predicted in 2024 that Cardano could rally to the price mark, citing a possible historical price repeat.
Another The Crypto Basic analysis emphasized that ADA could rally to $13.9 if the global market cap reaches $500 billion. With commentators remaining adamant that Cardano will get $10 by the end of this bull cycle, a rally to $13 seems plausible within the next five years.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
