03-19-2021, 03:38 AM
Low price doesn't mean it can reach $1000
<!-- SC_OFF --><div class="md"><p>I will take a recent example by saying Cardano has become the new Ripple in term of price expectation.</p> <p>Hear me out before downvoting for comparing Cardano and Ripple (I can already feel the pitchfork).</p> <p>Lately there has been a lot of new investors. They are like us when we arrived in this new promised land, feeling like we are the Christopher Colombus of crypto currencies.</p> <p>So, it's up to us to help them showing the path (there are already a ton of posts here about that, thank you again for your work).</p> <p>That being said, I see a lot of comments from these new people hoping Cardano will reach Bitcoin price and explode, targeting a +$1000.</p> <p>​</p> <ul> <li><strong>Some maths (sorry)</strong></li> </ul> <p>To you, fellow dreamer, you have to understand it won't happen. You have to learn the meaning of market cap.</p> <p>Actually, Bitcoin has a market cap of $1.09T. Cardano is at $46.14B, for a price of $1.44 each.</p> <p>To reach the BTC market cap, you will need to do x23,62, which would put ADA to $34. Which is still pretty huge, but far from $1k each.</p> <p>To achieve this price target, ADA need a market cap of $32T, which is almost 3 times the market capitalization of gold.</p> <p>​</p> <ul> <li><strong>History repeating itself (kinda)</strong></li> </ul> <p>In 2017, newcomers had the same expectation about Ripple, not understanding how marketcap was working, putting a ton of money (some people took loans and gambled on this) dreaming about unreachable price.</p> <p>I just hope this post will clarify what you can / should expect about the pricing limit of one crypto currency,based on its market capitalization.</p> <p>​</p> <p>PS: Sorry for the repost, bot deleted my post because there were already 2 posts "about ADA in the top 50", like wth</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ludgea"> /u/ludgea </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m7ul0h/low_price_doesnt_mean_it_can_reach_1000/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m7ul0h/low_price_doesnt_mean_it_can_reach_1000/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I will take a recent example by saying Cardano has become the new Ripple in term of price expectation.</p> <p>Hear me out before downvoting for comparing Cardano and Ripple (I can already feel the pitchfork).</p> <p>Lately there has been a lot of new investors. They are like us when we arrived in this new promised land, feeling like we are the Christopher Colombus of crypto currencies.</p> <p>So, it's up to us to help them showing the path (there are already a ton of posts here about that, thank you again for your work).</p> <p>That being said, I see a lot of comments from these new people hoping Cardano will reach Bitcoin price and explode, targeting a +$1000.</p> <p>​</p> <ul> <li><strong>Some maths (sorry)</strong></li> </ul> <p>To you, fellow dreamer, you have to understand it won't happen. You have to learn the meaning of market cap.</p> <p>Actually, Bitcoin has a market cap of $1.09T. Cardano is at $46.14B, for a price of $1.44 each.</p> <p>To reach the BTC market cap, you will need to do x23,62, which would put ADA to $34. Which is still pretty huge, but far from $1k each.</p> <p>To achieve this price target, ADA need a market cap of $32T, which is almost 3 times the market capitalization of gold.</p> <p>​</p> <ul> <li><strong>History repeating itself (kinda)</strong></li> </ul> <p>In 2017, newcomers had the same expectation about Ripple, not understanding how marketcap was working, putting a ton of money (some people took loans and gambled on this) dreaming about unreachable price.</p> <p>I just hope this post will clarify what you can / should expect about the pricing limit of one crypto currency,based on its market capitalization.</p> <p>​</p> <p>PS: Sorry for the repost, bot deleted my post because there were already 2 posts "about ADA in the top 50", like wth</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ludgea"> /u/ludgea </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m7ul0h/low_price_doesnt_mean_it_can_reach_1000/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m7ul0h/low_price_doesnt_mean_it_can_reach_1000/">[comments]</a></span>Kind Regards R