Is Cardano long term?

No, Cardano (ADA) can not reach $1000 as Cardano would be worth twice as much as the GDP of the USA, which is unrealistic. It could happen only if Ethereum fails and all crypto projects migrate over to Cardano, and if the U.S. Dollar is devalued so that $1000 is less valuable.

But a cap has been set at 45 billion . This idea of a limited number of coins available could be an element to drive gains in Cardano. But there’s more to Cardano than just the coin. Much like Ethereum, Cardano is a blockchain platform that allows for the execution of smart contracts.

Cardano dropped its price by 10.98% in the last week. Nevertheless, Bitcoin and Ethereum also had considerable drops. Cardano has long-term potential , long-term performance, and a positive price forecast to turn into a profitable investment.