The maximum historical price of Cardano (ADA) was $ 3.10 in 2021.
Cardano at 10 dollars would be more valuable than Ethher (eth) today.
The fact that Cardano (ADA) is 84% below its historical maximum reached in 2021 can generate doubts about its potential.
However, the investor Dan Gambardello does not have them and maintains that Ada still has a big bullish road to go.
The novelty on this occasion is that it turned to an artificial intelligence model (AI) to sustain its prediction from ada to 10 dollars per unit. “Ada to 10 dollars is realistic and I am not crazy … I was not waiting for me at all! I was testing our AI in the personalized intelligence system and requesting an Ada exit strategy. It gave me a peak of 10 dollars in Ada, which is great. But it was the reasoning that was completely impacted!” commented.
He also said: “I simply asked AI a speculative scenario: if you had this amount of ad, how would you to climb and take profits? And it gave me an incredible answer.”
In that sense, he raised it to the AI to assemble an output strategy based on data and risk models If someone had 1 million ad, the equivalent of 580,479 dollars at current prices.
The AI proposed a staggered exit strategy: selling 20% of ADA when the price reaches 1 dollar, another 20% when it reaches $ 3.25, 25% to $ 5 and 20% to 8 dollars. According to the investor, he had already had a previous conversation with AI and, this time, Bot himself included a final exit at 10 dollars.
To reach that level, the current price of ADA, which at the time of publication of this note is $ 0.58, would have to multiply by 17.
“Why did you get to a maximum of 10 dollars? What do you think of that?”, They were the questions that Gambardello asked the AI, who replied: “I did not want to imply that 10 dollars is a definitive maximum. That was just an example to build an exit strategy. Round numbers as 10 are significant in the markets for psychological reasons, for the effect of mental anchor.”
However, and here comes the most interesting, he mentions that during the previous cycle, Ada reached an ATH of $ 3.10 and analyzes what would happen if Ada reached 10 dollars in this cycle. As he explains, that would lead Cardano to a “potential market capitalization of 350,000 million dollars.” Then compares: “Bitcoin reached a peak of 1.3 billion dollars, while Ethher (ETH) arrived about 600,000 million.”
The reasoning that AI is backed by a comparative logic: if other digital assets have already reached larger market capitalizations, then Ada could have room to grow. That is, if enough liquidity and bitcoin enters and the native ethhereum cryptocurrency rise strongly, It would not be crazy that other Altcoins such as Ada reach that capitalizationas happened in previous cycles.
As cryptootics has reported, market capitalization is a key metric that reflects the size and weight of an asset in the market. It is obtained by multiplying the price of each unit by the amount of currencies available. For example, if a currency is worth 2 dollars and there are one million units, its capitalization would be 2 million.
This means that for ADA it reaches 10 dollars, its market capitalization should reach $ 353 billion. If this happened to the current values, Cardano would be the second most valuable currency in the market.
To what price can ada rise?
Beyond the reasoning of AI, and the optimism of Gambardello, It seems difficult that Ada can reach the 10 dollars in the short term.
James Ford, market analyst and leader of the investment group The Pragmatic Investor, projects that Cardano “could easily exceed 2 dollars.”
For his part, Javon Marks, market analyst, holds That Ada is about to enter a bullish rally that could carry its price above 3 dollars.
However, for Cardano’s price to quote over 1 dollar, it will be important that the macroeconomic environment throws positive signals. This is because financial speculators prefer a stable context to place their holdings in risk assets, such as cryptocurrencies. Otherwise, they will seek refuge in safer instruments, such as treasure bonds.
On the other hand, it will be important that The network increases its adoption and use cases. As Cryptonotics, Input Output (IO), one of the founding companies of Cardano, announced on May 13, an alliance with Brave, the browser focused on privacy.
Integration will allow 86 million users to manage Ada and other native tokens from the browser, without external applications. The measure was well received by the community, which sees it as an opportunity to increase the adoption and use of the network.
This becomes relevant to persistent doubts about the usefulness of Cardano, whose total blocking value (TVL) remains low in front of other networks such as Ethereum and Solana. New alliances of this type could be the key to boosting Ada’s demand.
