Can Cardano Conquer USDC’s Market Cap?

Cardano (ADA) is aiming to become a top player in the cryptocurrency market by surpassing Circle’s stablecoin, USDC. Currently, ADA boasts a circulating supply of 35.32 billion tokens, trading at $0.7604, and a market value of $26.73 billion. To achieve this, ADA needs to break past a crucial price barrier. Analysts believe that for ADA to surpass USDC’s market capitalization, the price must surge by approximately 132%, reaching around $1.755 from its current position. While USDC holds a prominent market cap of $61 billion and ranks as the seventh largest stablecoin, ADA currently sits in seventh place.