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If Cardano Flips Ethereum, Your 10,000 ADA Might Be Worth This Much

The post If Cardano Flips Ethereum, Your 10, 000 ADA Might Be Worth This Much appeared com. Cardano requires $470 billion market cap to overtake Ethereum’s current ranking position. 10, 000 ADA tokens would be valued at $131,000 if network matches ETH valuation. ADA dropped over past week, steepest decline among top 10 cryptocurrencies. Analysis suggests early investors could potentially achieve substantial returns if Cardano surpasses Ethereum in global cryptocurrency rankings. The calculation provides perspective on portfolio values under this scenario. The ongoing market downturn has continued affecting Cardano’s price performance. According to CoinMarketCap data, ADA has dropped, closely followed by Dogecoin with a loss. This downturn has kept Cardano at the 10th position for over a month. Current entry prices create opportunity Many investors view Cardano’s recent price decline as an opportunity to accumulate tokens at lower prices. At the current price of $0. 6104, investors can acquire 10, 000 tokens for $6,104. This same purchase would have cost approximately $8,910 when ADA traded around $0. 891 several weeks ago, or roughly $13,200 when the token was priced at $1. 32 in December 2024. The market capitalization difference between Cardano and Ethereum remains substantial. While Ethereum holds a valuation of $465. 43 billion, Cardano’s market cap stands at approximately $21. 89 billion. This indicates ETH’s valuation is 21. 26 times larger than ADA’s at present. To overtake Ethereum, Cardano must reach a valuation of $470 billion, representing a 2, 047% increase from its current market cap. Given Cardano’s circulating supply of 35. 86 billion tokens, this valuation translates to a unit price of $13. 1 per ADA. Portfolio calculations at parity valuation This implies one ADA would trade at $13. 1 if Cardano overtakes Ethereum by reaching a market cap of $470 billion. At this price level, a portfolio containing 10, 000 ADA would be valued at $131,000, representing a return of $124, 896 on the initial $6,104 investment at current prices. This projection aligns with a $13 price target.

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Supreme Court justices pit president’s economic powers against foreign policy powers in tariffs argument

The Supreme Court‘s Wednesday oral arguments over the legality of Donald Trump‘s sweeping “Liberation Day” tariffs pitted the president’s constitutional foreign affairs powers against Congress’s constitutionally delegated tariff power. The justices appeared highly skeptical of the Solicitor General D. John Sauer’s arguments that the president’s sweeping tariffs under the International Emergency Economic Powers Act are [.].

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Kenny Smith signs deal to appear on ESPN programming, including ‘NBA Countdown’ and ‘First Take’

In addition to his role on Inside the NBA, Kenny Smith is expanding his presence on ESPN programming. On Wednesday, the Disney-owned company announced that the former NBA point guard has reached a multiyear agreement to make regular appearances on the network. According to ESPN, Smith’s primary role will be as a guest on First Take. However, he’ll Read more. The post Kenny Smith signs deal to appear on ESPN programming, including ‘NBA Countdown’ and ‘First Take’ appeared first on Awful Announcing.

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Crypto, Stocks Fall as Traders Pivot: How Low Can Bitcoin Go?

The post Crypto, Stocks Fall as Traders Pivot: How Low Can Bitcoin Go? appeared com. In brief Bitcoin fell 21% to $99,000, triggering over $2 billion in liquidations amid a broad market sell-off. Analysts cite dollar strength, tight liquidity, and the government shutdown as key drivers. Experts see potential support at $98,000, with a worst-case scenario target of $85,000. Global financial markets are facing a broad-based selloff this week as appetite for risk assets, including crypto and stocks, begins to wane. Bitcoin plunged below the historic $100,000 level on Tuesday, while the S&P 500 index and gold fell 3% and 10% from their respective peaks. On Wednesday, Bitcoin dropped to an intraday low of $99,110 before recovering slightly, marking a 21% decline from its October peak, CoinGecko data shows. The broader crypto market capitalization fell to $3. 44 trillion, its lowest level in four months. The sell-off also triggered over $2 billion in liquidations across digital assets, the second consecutive day of a major unwind in leverage. Regardless of the key catalysts driving the selloff or how good the network fundamentals look, the critical question for investors is how much further prices could decline from here.  Ryan Yoon, Senior Research Analyst at Tiger Research, expects Bitcoin to hold $98,000 and maintains his long-term $200, 000 price target. The downturn reflects a fundamental shift in market dynamics, specifically risk aversion, Tim Sun, Senior Researcher at HashKey Group, told Decrypt. “Bonds were the only asset class to post meaningful gains, while most risk assets-including Bitcoin, gold, and equities-saw broad-based pullbacks,” he said. “Even if downside pressure persists, the $85,000 level remains a strong area of support for Bitcoin.” “USD strength may be one of the main driving forces behind the market-wide fall in price,” Jiehan Chen, Operations Onboarding Lead Analyst at Schroders, told Decrypt. Other experts echoed that a strengthening U. S. dollar is a key pressure point for.