##Can Cardano hit $500 anytime soon?

[chrisbennet]

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As of August 22, 2021, ADA, Cardano's token, has a price of $2.51.



More important than the price of ADA is to look at the market cap, which is $80 billion.



You ask if ADA can reach a price of $500.



In terms of market cap that would mean a value of at least 15,936,255,000,000.


You read that correctly. For ADA to be worth $500, Cardano would have to have a market cap of almost $16T.


As an example, Bitcoin currently has a market cap of $922B. Overall, the market cap of the cryptocurrency market is currently just over $2T.


This means that Cardano would have to represent 8 times the current market cap of all cryptocurrencies.


So it seems unlikely, even if Cardano were to become the king of cryptocurrency instead of Bitcoin.

[John_Kammy]

Cardano at $500 not now ... check Cardano price Prediction for more latest updates