Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cardano (ADA) vs. Bitcoin and Ethereum: Could ADA Outperform in the ETF Era?

Cardano (ADA) vs. Bitcoin and Ethereum: Could ADA Outperform in the ETF Era?

CoineditionCoinedition2024/07/01 16:58
By:Victor Joel
  • Speculation on Bitcoin and Ethereum ETFs drives predictions of ADA reaching $534, contingent on market dynamics.
  • ADA’s market cap projections hinge on Bitcoin and Ethereum achieving ambitious price milestones.
  • Expert analysis suggests realistic ADA price targets between $5 and $12 amidst cryptocurrency market growth.

A recent video explores the potential impact of Bitcoin and Ethereum ETFs on Cardano (ADA) prices, predicting a significant surge for ADA if Bitcoin and Ethereum reach certain market capitalization milestones.

In the video titled, “ Cardano ADA Update: HUGE ADA Price Prediction but is it possible? “, the speaker analyzes the potential impact of Bitcoin and Ethereum Exchange-Traded Funds (ETFs) on their respective markets. The video explains how these ETFs could boost demand and reduce supply, potentially driving Bitcoin and Ethereum prices higher.

Notably, Bitcoin could reach a market cap of $9.8 trillion, an 8.2-fold increase, while Ethereum might soar to $1.18 trillion, a 4.4-fold increase. Higher projections even suggest Ethereum could reach $3 trillion. These figures, though ambitious, depend on supply dynamics and demand.

The host encouraged viewers to speculate on Bitcoin’s and Ethereum’s future prices and their implications for Cardano ( ADA ), which currently has a market cap of $13.8 billion. For Cardano, a projected price of $534 is proposed, which would result in a market cap of $190 billion, a 13.8-fold increase. This prediction is contingent on Bitcoin and Ethereum achieving specified price milestones.

As of the latest update, Bitcoin is valued at $63,219.91 , showcasing a 2.97% growth in the last 24 hours. Ethereum is valued at $3,486.70 , experiencing a 3.03% increase over the same period. Cardano’s price is quoted at $0.3983 , with a 3.02% rise over the past 24 hours.

The host further explores various scenarios based on different Bitcoin and Ethereum price predictions. They outline a hypothetical ADA price of $12.73, suggesting a corresponding market cap of $455 billion, reflecting the potential growth of the cryptocurrency market.

However, with higher targets for Bitcoin ($300,000) and Ethereum ($20,000), ADA’s market cap would need to expand to $1.3 trillion, which seems improbable based on current projections. Realistic ADA price targets are estimated between $5 and $12, balancing growth potential with market expectations.

Throughout the video, the speaker expressed cautious optimism, acknowledging the speculative nature of price predictions in the volatile cryptocurrency space. They emphasize the importance of viewer engagement in shaping the discourse around ADA’s potential future valuations.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!