An analyst has made an audacious prediction for Cardano, forecasting an explosive surge in its market cap to multi-trillion-dollar valuations.
Cardano could rally to $10 trillion, ADA community figure Lucid predicted in his November 3 social media post. More interesting is his timeline for its realization; the enthusiast projects that it would attain this hefty valuation by 2026.
Cardano Scaling to Send Adoption Higher
But what is fueling this claim? Lucid emphasized that it is because the Cardano blockchain could improve its speed to the extent of being faster than Visa.
For perspective, Visa’s payment network, VisaNet, processes 23 million transactions per day “without skipping a beat,” according to its website. However, the settlement giant claims it could do more, setting a peak capacity of 65,000 transaction messages per second.
Meanwhile, Lucid believes Cardano could do better than that. He noted that the blockchain is scaling to 1 million transactions per second (TPS) with its “most advanced UTXO technology ever invented.”
The analyst tapped Hydra and Leios to help Cardano achieve this, noting they will bring “light speed transactions” and “instant finality” that will push the blockchain’s prosperity.
Notably, Hydra achieved 1 million TPS in a Doom game test last year, with the Hydra 1.0.0 launch tipped to boost Cardano’s scalability. Leios is another upgrade teased to make Cardano faster than Solana. The innovation handles transactions in a three-tier block structure, significantly increasing throughput and scalability on Cardano.
These upgrades would make Cardano more attractive to institutions, driving adoption. It is on this basis that Lucid is predicting a $10 trillion market cap by 2026.
Cardano Price if Market Cap Surges to $10T
Notably, the total cryptocurrency market cap stands at $3.46 trillion, down 4% in the past 24 hours. The drop follows Bitcoin’s correction to $104,400, with its market cap standing at $2 trillion.
The current valuations show that the total crypto market will have to grow by 2.89x to reach $10 trillion. For Bitcoin, it would require a 5x surge to hit the valuation.
Meanwhile, if Cardano manages to reach a $10 trillion valuation alone, it will substantially boost its price. For perspective, ADA trades at $0.54 with a market cap of $19.5 billion and a circulating supply of 35.86 billion tokens.
Reaching $10 trillion would mark a 27,786% growth from the current standing. With the circulating supply of 35.86 billion, ADA would rally to $279 per coin.
It is worth noting that this valuation by 2026 appears unlikely, given its ambitious nature and the short timeframe. Changelly predicts that Cardano could attain this price mark by May 2040, which is 15 years from now.