Becoming a millionaire in USD through crypto investments remains a major aspiration for many everyday investors, including Cardano holders.
Despite the recent market downturn, many investors remain optimistic, hoping to make their first million through crypto assets like Cardano. With this in mind, we’ve analyzed how many ADA tokens market participants would need to hold to earn $1 million if Cardano’s price hits $10.
Cardano Drops Amid Major Sell-Off
The recent downturn has left many Cardano investors puzzled, as ADA’s price has shown extreme volatility. Earlier this month, ADA fluctuated between $0.89 and $0.33 within a single week.
Despite rebounding from the $0.33 low to $0.6403, it is still down 24% this year and 51.49% from the $1.32 it reached in December 2024. This downturn resulted from the intense selling pressure Cardano experienced during the October 10 market crash.
Popular market analyst Ali Martinez reported that whales, particularly large investors holding 100 million to 1 billion ADA, collectively sold 350 million tokens in one week.
$10 Prediction
While Cardano’s pullback is worrisome, many consider it an opportunity to buy the tokens at discounted prices in anticipation of a potential rally to ambitious targets, like $10.
The $10 prediction is not new to Cardano enthusiasts, as many experts have predicted the token’s potential surge to that level.
In July, community figure Dan Gambardello argued that the $10 price is a realistic target following his engagement with an AI model, Zero.
Stake pool operator Ssebi also predicted that ADA could be on the verge of a rally toward $10, citing increasing institutional adoption and the emergence of Bitcoin DeFi on Cardano among the five key catalysts.
Additionally, renowned crypto YouTuber ‘The Modern Investor’ suggested that Cardano could reach the $10 mark during a strong altcoin season.
How Much ADA to Make $1 Million at $10?
ADA would need to rally 1,461% from its current price of $0.6403 to reach $10. Such a surge would lift its market capitalization to approximately $358.6 billion. To make $1 million at that price level, investors would need to hold 100,000 ADA.
At the current price of $0.6403, these 100,000 tokens can be purchased for roughly $64,030. For context, those who bought the same amount on December 3, when ADA traded at $1.32, would have spent around $132,000.
Nonetheless, holding 100,000 ADA would yield $1 million if the price ever hits $10. While analysts frame $10 as a realistic milestone, there is no guarantee ADA will reach this level anytime soon.
Accordingly to Changelly’s Cardano price prediction, the coin may reach $10 by December 2031.
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.
