How high could Cardano go?

This is an interesting question. Do you ever wonder what the maximum price of a crypto currency could be?

Lets look at Cardano, it currently has 2% of the crypto market cap (current total is $430Bn)

There are two questions to ask

Before we can estimate the potential total value of Cardano, there are two other points we need to address:
What is the maximum for the total crypto market?
What is the potential market share for Cardano?

What is the maximum for the total crypto market?

Now, lets not get carried away. The governments of this world are not going to let us replace all their lovely fiat currency with something they can't control.

At the moment, the total global money supply is around $7trn
See source here: http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
And a pretty picture here:

At the moment, the crypto market is $430bn, which is around 6% of the total money supply. This is not so accurate as a lot of the crypto currencies coming onto the market, do more than just being a coin. But we will go with this for now to get an approximate value.

If there is some degree of general adoption of cryptocurrency over the next decade, it would not be unreasonable to assume the crypto market would be worth atleast 25% of the total money supply. This is based on 25% of all future transactions being made in cryptocurrency. Which isn't unreasonable.

So if Cardanao has 2% share of 25% share of $7trn, we get a market cap of $35bn. This would be an increase from $9bn to $35bn, a 3.88x increase. Ignoring the increase in supply for now. A 3.88x increase would make Cardano worth $1.36

That's not so exciting, Ethereum has a market cap of $67bn already!

So on to our next question

What is the potential market share for Cardano?

Ethereum has a market share of 15%. Keeping in mind that Cardano will be able to do what Ethereum does, but better (based on the tech and road map).

We get a potential market cap of Cardano of $67bn, which is 7.44x increase.

Bringing it all together

So if the cyrpto market goes to 25% of global money supply AND Cardano replaces Ethereum (which isn't unreasonable as it is being managed by Ethereums ex CEO!), what do we get?

Total Crypto Market Cap: $1,750bn
Cardano Share of 15%: $263bn
Value of Cardano coin: $10

I think all this is very concersvative, but that's just my view.

As always - unless you have an engagement letter with @KBR this is not financial advice, just my view on what's happening in the cryptomarket!

Be safe out there and let me know what you think. How high can the crypto market go?

I will do slightly a more optimistic projection in a few days. But that's all for now

@kabir88