Cardano (ADA), a popular Proof-of-Stake crypto project, has been earmarked as one of the crypto assets with great utility and potential to reward patient holders in the long run, especially with an anticipated market bull run in sight.
While ADA’s market outlook has not been impressive over the past couple of weeks, some investors think now is the best period to accumulate the token in considerably large volumes, hoping to earn remarkably once the market swings fully in altcoins’ favor.
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At press time, Cardano’s price statistics on CoinGecko revealed that the digital asset is changing hands at about $0.45.
ADA’s 7-day and 14-day statistics are currently reading declines of about 4% and 2.5%, respectively, corroborating earlier assertions about accumulating the coin at the current price. Hence, investing $1,000 could become massive when ADA hits $50.
ROI On $1,000 Invested in Cardano If Price Hits $50
Based on ADA’s $0.45 selling price, investing $1,000 in the token would be sufficient to procure approximately 2,222.22 tokens.
Should the coin eventually appreciate to price levels around the $50 level, it implies that the 2,222.22 ADA holdings will appreciate to $111,111.11, representing profits of about $110,000.
Possibilities Of ADA At $50
Attaining price marks as high as $50 seems massive for ADA, considering its present valuation, previous market trends, and prevailing market conditions.
The maximum price the coin ever attained was in the 2021 general market rally when it reached a $3.09 all-time high (ATH). Consequently, hitting $50 from ADA’s present market standings would imply a price surge of about 11,011.11%.
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Read Also: Cardano (ADA) Price Prediction: Analyst Sets Timeline for $10
While the price appreciation from the estimation above might seem ridiculous, some price prediction platforms think it is a realizable target. Crypto exchange Changelly predicted that ADA could hit $50 in 2040, approximately sixteen years from now.
Meanwhile, Telegaon, another recognized cryptocurrency price prediction outlet, does not see ADA at $50 beyond 2040 and even in 2050. Telegaon projected Cardano (ADA) to reach $45.87 by 2050.
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