It was noted that ADA’s market cap could potentially soar to an impressive $700 billion if it achieved this ambitious price target. The analyst argued that such a milestone is attainable, referencing Ethereum’s market cap, which peaked at $560 billion during the last bull cycle.
He highlighted two pivotal factors that could propel ADA to these heights. First, he proposed that this could materialize if Bitcoin holders began channeling significant investments into the Cardano ecosystem, particularly after Cardano establishes itself as Bitcoin’s layer-1 solution for smart contracts. The second factor he pointed out was the possibility of Charles Hoskinson, Cardano’s visionary founder, stepping into a role as a crypto advisor in Donald Trump’s administration, which could significantly boost ADA’s credibility and appeal.
These factors, if realized, could transform ADA into a major force in the cryptocurrency market, reshaping its trajectory and influence on a global scale.
