Reported 23 days ago
An analysis explores the feasibility of turning a $10,000 investment in Cardano (ADA) into $1 million by 2035. The article argues that achieving a 100-fold price increase, from $0.60 to $60, would require Cardano to surpass major competitors in the blockchain space and significantly increase its decentralized finance (DeFi) activities. Current metrics show Cardano lagging, with only $251 million locked in DeFi compared to $8.6 billion for Solana. The need for strategic pivots and improvements in liquidity and application ecosystems is emphasized, highlighting the improbability of a dramatic price surge without substantial changes.
Source: YAHOO