Could Cardano Hit $500 Billion by 2023?
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Cardano (CRYPTO: ADA) has soared more than 1,100% this year. The dynamic young cryptocurrency has even outperformed heavyweights Bitcoin and Ethereum -- they climbed 130% and 559%, respectively. Today, Cardano is the fourth-biggest cryptocurrency by market value. Its market capitalization totals more than $75 billion.
Cardano has fallen from this year's high. But that doesn't mean gains are over. That's because this cryptocurrency is at the very beginning of its growth story. If it picks up momentum, we could see a serious increase in market value. Again, let's look at one of its bigger peers. Ethereum's market value tops more than $500 billion. That seems almost out of reach. But it may not be. To get there, Cardano doesn't even have to gain as much as it's already gained this year. Can it do that by 2023? Let's find out.
Image source: Getty Images.
Source Fool.com
