Here’s What Cardano Price Could Be If Top 10 US Institutional Funds Allocate 1% to Cardano

Cardano could soar into double-digit territory if the top 10 U.S. institutional funds allocate even 1% of their assets to ADA.

Institutional investment in cryptocurrencies is accelerating, with more firms viewing cryptos as reserve assets. MicroStrategy has been at the forefront of this movement and has amassed more than 640,000 BTC over the past five years, from August 2020 to date.

Following its example, several companies have begun diversifying their holdings to include Ethereum and even XRP, recognizing their unique roles in decentralized finance and global payments.

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Now, some Cardano enthusiasts are suggesting that ADA could be the next potential target for institutional adoption. They believe that ADA could attract institutional capital that could fuel the next wave of its rally. 

Value of a 1% Inflow from the Top 10 U.S. Institutional Funds

Amid this positive sentiment, we explored how much ADA would grow if the top institutional funds allocated only 1% of their holdings to Cardano. 

For context, Wikipedia data shows that as of March 31, 2024, the top 10 U.S. asset managers, including giants like BlackRock and Vanguard, collectively managed approximately $45.5 trillion in assets.

Notably, 1% of this holding would represent a staggering $455 billion. Committing this amount into ADA would significantly reshape ADA’s current market valuation and cement its position among the leading crypto assets. 

Cardano Price If Top 10 US Institutional Funds Channel 1% of Their Assets to ADA

At the moment, ADA is trading at $0.6743 per token, down 17.44% over the past 24 hours and 20.37% over the past week. It is ranked as the 10th-biggest cryptocurrency on CoinMarketCap, with its valuation standing at $24.16 billion. 

If $455 billion, representing 1% of the assets managed by the top 10 U.S. institutional funds, were to flow into ADA, it could potentially elevate the token’s market capitalization to around $479 billion, surpassing Ethereum’s current valuation.

With approximately 36 billion ADA in circulation, this projected market cap would translate to a token price of about $13.30, marking an astonishing 1,871% increase from its current level of $0.6743. This estimate is derived by dividing the projected market capitalization of $479 billion by the number of ADA tokens currently in circulation. 

ADA to $13 Prediction 

While this analysis is theoretical, it is worth noting that the $13 price has featured in multiple Cardano-related predictions. 

Last year, the pseudonymous analyst behind the BasicTradingTV account on TradingView predicted that ADA could surge past the $13 mark if it mirrors its performance leading up to the 2021 bull market cycle.

In a recent analysis, we estimated that one ADA could trade at $13.5 by 2030 if the token matches Ethereum’s market cap, which stood at around $485 billion in September. It remains uncertain whether ADA could achieve the milestone. 

However, recent developments within the ecosystem, including the launch of Hydra 1.0.0, a powerful scaling solution that achieved 1 million transactions per second in testing, indicate that the future looks increasingly promising for Cardano’s long-term growth and adoption.