Here’s Cardano Price if it Captures 113% Ethereum’s Market Cap

Can Cardano (ADA) price hit $10? Discover a scenario where ADA captures 113% of Ethereum's market cap & explore more realistic price targets.
By Akash Girimath
Cardano Rivals to Buy After ADA's 250% Rally to 10X Portfolio

Highlights

  • Cardano (ADA) breaches 3-month downtrend resistance, signaling potential uptrend.
  • Capturing 113% of Ethereum's market cap would put Cardano's market cap at $356.9 billion and price at $10.
  • Reaching $10 is considered unlikely, but a rally to $1 (155% increase) is deemed more possible in the current cycle.

Cardano (ADA) has breached a three-month down-trending resistance level, signaling that an uptrend is about to kickstart. If this is the start of the bull run, how high can Cardano price hit if it captures 113% of Ethereum’s market cap?

ADA/USDT 1-day chart
ADA/USDT 1-day chart
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Cardano Price if ADA Capture 113% of Ethereum Market Cap

Cardano, also known as the Ethereum-killer, shot up nearly 3000% between 2020 and 2021. This rally caused ADA to hit an all-time high of $3.101 with market capitalization reaching a staggering $95 billion. With the entry of institutions, this bull run has high expectations, so, what would cardano price be if it captured 113% of Ethereum’s market cap??

Let’s break it down; the Cardano price trades at $0.396 with a market capitalization of $14.06 billion and circulating supply of 35.68 billion ADA. If the so-called Ethereum-killer were to capture 113% of Ethereum’s market capitalization, which stands at $315.16 billion, it would put Cardano’s market cap at $356.90 billion. If the circulating supply of Cardano were to remain at $36.68 billion, it would put the price of Cardano at $10. 

From Cardano’s current price, the $10 target is roughly 25 times higher, ie., ADA needs to pull a 25x to hit the $10 target. However, from the ATH of $3.101, the $10 per ADA target is 3.22x away. 

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Will Cardano Price Hit $10? 

If the same question was posed in 2021, the chances for Cardano price to hit $10 were pretty good. As of September 26, 2024, the chances are slim for ADA to hit $10. On the other hand, there is a good chance ADA price could reach $1 during this cycle. To achieve $1, Cardano price would need to rally 155% from the current price, which is not unlikely of old coins such as ADA.

The crypto market tends to prefer newer coins as opposed to coins of the previous cycles. Popcat, for example, a top meme coin that was birthed in 2024, ran up 130% in the past 20 days. Another fun-themed crypto MOG also shot up 117% in 20 days. Such a price action wouldn’t be surprising considering the relevance of the asset. Therefore, investors that have high expectations need to turn their heads toward newer cryptocurrency tokens. 

To conclude, this Cardano price prediction that expects ADA to hit $10 if it captures 113% of Ethereum’s market capitalization is highly unlikely. 

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Frequently Asked Questions (FAQs)

1. What would Cardano's (ADA) price be if it captures 113% of Ethereum's market cap?

Approximately $10, assuming a constant circulating supply of 35.68 billion ADA.

2. How much would ADA need to rally to reach $10 from its current price?

Roughly 25 times (25x) from its current price of $0.396.

3. Is it likely for Cardano to reach $10 in the current market?

Unlikely, according to the article; however, reaching $1 is considered more plausible.
Akash Girimath
Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.
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