Can a $10,000 Investment in Cardano Become $1 Million by 2035?

Reported about 4 hours 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

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