What Happens to Cardano Price if ADA Flips USDC’s $61B Market Cap?
The post What Happens to Cardano Price if ADA Flips USDC’s $61B Market Cap? appeared on BitcoinEthereumNews.com.
The Cardano price rally required for ADA to flip USDC hinges on a potential breakout past the psychological level of $1, assuming its circulating supply of 35.32 billion tokens remains unchanged. Based on this supply, ADA would need to reach a price of $1.755, representing approximately a 132% gain in market cap from the current levels. At press time, Cardano’s price trades at $0.7604 and currently holds the ninth position among the ten largest cryptocurrencies by market capitalization, presently valued at $26.73 billion. Meanwhile, USDC, Circle’s flagship stablecoin, which ranks seventh, boasts a $61 billion market cap. Cardano Price Impact if ADA Flips Circle’s USDC Cardano (ADA) price must rally to a price of $1.755 to achieve a market cap equal to or greater than USDC’s. A move to this price level would represent a 132% surge from ADA’s current price of $0.7604. Historically, ADA has experienced bigger rallies, indicating a breakout of this scale is possible with the right market conditions. During the 2020–2021 bull cycle, ADA exploded by over 10,000% from $0.03 to an all-time high near $3.10. Quite recently, in 2024, the price of ADA rallied nearly 303.5%, climbing from around $0.3458 to $1.3283 in just a few months. Compared to both price movements, the percentage gain required by the altcoin to reach seventh position and flip USDC is relatively modest, which suggests it’s attainable if Cardano price continues with its bullish momentum. ADA/USDT 1-week chart by TradingView Key drivers for Cardano Price Boosting ADA to Flip USDC Cardano price is backed by a set of catalysts that could propel it past USDC in market capitalization. Those factors are discussed below: The most notable development is Cardano’s partnerships with U.S. banks to launch a flagship fiat-backed stablecoin product, the USDM, built natively on the Cardano blockchain. USDM…
