Pundit Says Cardano Retiring a Lot of Us is a Matter of When

Content creator OxManuel has made a bold prediction on Cardano and the prospect that its future price trajectory will retire current holders.

OxManuel shared these thoughts in his recent X post, maintaining a bullish stance on the cryptocurrency. He highlighted that Cardano has life-changing financial potential, and it is a matter of time of when it realizes this potential.

Cardano 10x Only a 240B Market Cap

Notably, Cardano trades at $0.68 with a market cap of $24.6 billion. The 10th-largest cryptocurrency by market cap is up over 5% in the past 24 hours and 3% over the last seven days.

How a 10x Rally Can Retire Cardano Holders

While the Cardano community figure did not cap $ADA’s growth at a 10x rally, we will analyze whether such upside will help holders retire.

For perspective, the retirement budget for individuals depends on their spending habits and geopolitical location. For a moderate spender or those in a less expensive area, $500,000 could be enough to retire. However, $1 million may be enough for those in high-end cities.

For a user to make $500,000 when Cardano rallies 10x to $6.8, they would have to hold $50,000 worth of $ADA at the current market price. Notably, $50,000 in $ADA can buy 73,529 $ADA now.

Meanwhile, making $1 million if $ADA rallies 10x is a lot more financially tasking. It means one would hold $100,000 in $ADA at the current market price, which represents 147,058 tokens.

Can Cardano Rally 10x?

Interestingly, several analysts have predicted that Cardano could rally significantly before the bull cycle ends, with a 10x rally to over $6 as one target. Top analyst Ali Martinez shared this prediction in September, suggesting we might be in the early stages of an explosive $ADA rally to $6.25.

However, some view this prediction as conservative. Cardano permabull Dan Gambardello agrees with a prediction that the token would reach $7.5 this cycle and even shared an exit strategy to benefit from this moonshot.

Meanwhile, he also predicted in a parallel analysis that $10 is very realistic for Cardano, citing historical performance and bullish prospects.