Cardano’s native token ADA was launched in 2017 at a modest price of $0.026. A $1,000 investment would have fetched investors nearly 38,661 tokens back then. ADA remained trading sideways for close to three years and deleted a ‘zero’ in July 2020. The asset witnessed a breakout bull market in 2021, and began rallying hard to reach a new all-time high of $3.09 in September of that year.
Therefore, a $1,000 investment in 2017 would have turned to $118,844 when ADA reached its ATH in 2021. That’s an uptick and returns on investment (ROI) of approximately 18,000% in three years.
Cardano dropped in price after touching its ATH and it is currently trading at the $0.43 mark. The crypto is significantly down from its ATH and is dipping further in the indices. In this article, we will highlight how much money users might make if ADA reclaims its ATH, with a $1000 investment at its current price point.
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Cardano: How Much Could You Make If ADA Reclaims Its ATH With A $1,000 Investment Today?
Cardano is currently trading at $0.43, and for a $1,000 investment, users can accumulate nearly 2,289 tokens. On the other hand, ADA is down 85.78% from its all-time high giving investors the opportunity to accumulate more tokens.
Therefore, if ADA skyrockets in price and reaches its all-time high of $3.09, the $1,000 investment would turn into $7,073. That’s an uptick and return on investment (ROI) of approximately 700%.
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In the last 2 months, ADA has rallied nearly 40% going from a low of $0.34 to a high of $0.45 this month. Rising 700% in the coming months might be difficult as the economy is fighting inflation and interest rate hikes.
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At press time, Cardano was trading at $0.43 and is down 1.7% in the 24-hour day trade. ADA is also down 85.78% from its all-time high of $3.09, which it reached in September 2021.