Here is How High Cardano Price Must Rise to Overtake Ethereum

Cardano would need to rally more than tenfold from its current valuation to surpass its major rival, Ethereum, in the global crypto rankings. 

Bitcoin continues to hold its crown as the world’s largest cryptocurrency, boasting a $2.3 trillion market cap. Its status as the first entry point into the crypto market, coupled with unmatched dominance, ensures that its leadership remains unchallenged—at least for now. 

Gambardello Expects Cardano to Overtake Ethereum 

However, Ethereum, which has held onto the second position for several years, has continued to face growing competition from rivals like Cardano. 

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Last year, community expert Dan Gambardello boldly predicted that Cardano would be capable of overtaking Ethereum over the next few years. 

He suggested that the efforts by founder Charles Hoskinson to position Cardano as the leading platform for Bitcoin DeFi could enable ADA to overtake ETH in the global crypto rankings. It has been ten months since Gambardello made this bold assertion, and ADA is still far from overtaking Ethereum. 

Growth Required for Cardano to Flip Ethereum 

While ETH ranks in the second position with its market cap currently standing at $540.72 billion, Cardano sits in the tenth place. It boasts a valuation of $32.25 billion, which translates to a price of $0.9011 per ADA. 

For Cardano to overtake Ethereum, it would need to surpass Ethereum’s market capitalization of $540.72 billion, potentially reaching $550 billion. To achieve this, Cardano must stage a rally of 1,450% from its current level of $32.25 billion. This analysis assumes that Ethereum remains stagnant at its current valuation of $540 billion while that of Cardano grows tremendously. 

With nearly 35.8 billion ADA in circulation, an estimated valuation of $550 billion would translate to a unit price of $15.36, marking a new all-time high for Cardano. 

Cardano to $15 Prediction 

It is worth noting that the $15 price target has featured prominently in several Cardano-related predictions. In February, popular crypto chartist Ali Martinez suggested that ADA was gearing up for a ‘monster parabolic rally’ that could take its price to the $15 territory. 

Community analyst Dan Gambardello also teased that ADA could clinch the ambitious $15 price target as early as this year if the current cycle meets his expectations. 

Last year, prominent TradingView analyst AugustusAsir predicted that ADA could rally to $15, following the formation of a falling wedge and bullish pennant on its chart. Moreover, predictions from Telegaon suggest that ADA could hit the $15 price milestone by 2030, five years from now. Crypto trading platform Changelly predicts that the $15 target will materialize by September 2032. 

Whether Cardano can eventually overtake Ethereum remains uncertain. This analysis illustrates how much ADA would need to climb today to flip ETH in the global rankings. However, given the volatile nature of the crypto market, these growth requirements are likely to shift over time.