Cardano’s All-Time High Market Cap and Price
Cardano (ADA) reached an all-time high price of $3.09 on September 2, 2021, along with an all-time high market cap of $95 billion on the same date. However, despite its controlled and diminishing monetary expansion rate, Cardano is still affected by token inflation. With a circulating supply of around 35.04 billion ADA, one Cardano would be worth close to $2.71, which is $0.38 (12.3%) less than its all-time high price.
Cardano’s Price Analysis
Currently, ADA is trading at $0.26, offering the potential for investors to gain 940% if the layer-1 blockchain meets previous demand. However, the current price is -91.54% lower than the all-time high price.
Cardano’s Supply Inflation and Treasury Funding
Cardano’s staking validators and delegators earn block rewards every five days, which consist of supply inflation and transaction fees. The supply inflation comes from the reserves at a fixed rate of 0.3% per epoch. Currently, around 9.96 billion ADA is held in reserves, with a monetary expansion of 29.88 million ADA every five days. Additionally, 20% of the newly minted ADA goes to the team’s treasury, amounting to approximately 5.97 million ADA ($1.55 million) every five days.
Performance of Other Cryptocurrencies
If other cryptocurrencies were to reach their all-time high market cap, they would trade at the following prices:
- XRP
- Ethereum
- Dogecoin
- SHIB
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative, and your capital is at risk.
Hot Take
Cardano’s all-time high market cap and price demonstrate its potential for growth and success. However, it is important to consider the impact of token inflation on its value. With its unique monetary expansion model and treasury funding, Cardano has positioned itself as a promising blockchain platform. As the crypto market continues to evolve, Cardano’s performance will be closely watched by investors and enthusiasts.
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