In a recent analysis popular cryptocurrency influencer Ben Armstrong, aka BitBoy Crypto, explored the potential of Cardano’s native token, ADA, to make millionaires in the coming bull run. His “moon math” is designed to help investors understand what they need to achieve their millionaire dreams by investing in ADA.
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Mapping the road to a million
Ben started by acknowledging ADA’s all-time high, which was just over $3 in September 2021. However, he noted that even during the start of the bear market, it had maintained a constant value of around $1. At the time of his recording, the price had fallen below that $1 support, hinting at a possible increase in value when cryptocurrency prices start to rise again.
Related: Cardano Price Prediction: 2023, 2024, 2025, 2026 – 2030
“If ADA bounces back to its all-time high of three dollars at the height of the next bull run, it would take just over 300,000 ADA to become a Cardano millionaire at the current price of about 40 cents,” he explained. However, he believes that the price of ADA will rise much higher, making the millionaire milestone more achievable.
Ben openly stated his optimistic view of Cardano, emphasizing that he invested in the project out of personal conviction, not for the financial gain of Cardano companies. He argued that it is realistic to expect the price of ADA to break through the $3 mark when the next bull run begins.
ADA’s global impact and future prospects
Ben elaborated on Cardano’s global impact, particularly in emerging economies. He emphasized its important presence in Central America, Africa and Southeast Asia, areas of rapid economic growth. The project’s focus on disruption, he stressed, has been integral to its success since its inception by Charles Hoskinson and Jeremy Wood in 2014.
Despite criticism for falling behind other blockchain projects, Ben praised Cardano’s “long approach” to development.
“While everyone out there is going fast and breaking things, [Hoskinson] and the IOHK team makes things happen,” he said.
The crypto influencer is optimistic about Cardano’s future, pointing to the growing NFT ecosystem and the upcoming Hydra upgrade. He even indulged in some “moon math,” proposing that if the price of ADA went parabolic and threatened Ethereum’s market cap, reaching $10 would take 100,000 ADA to hit a million dollars .
