Topic: Cardano - each ADA is really worth $429.13 RIGHT NOW... here's why... (Read 174 times)

You don't need their supply to compare them, supply is just supply does not mean anything or contribute a value to coin. I don't say extremely low or high supply has no effect, they affect the coin badly.

Um, no.

By your logic, each Satoshi is worth $0.000092, and each lovelace is worth $0.0000038.  So each satoshi is worth 22x more than each lovelace.  That's all you've demonstrated.  That doesn't change the number of whole coins in circulation, the value of each whole coin or the "real" market cap of each coin.

please check again this calculation, especially you said that "So if ADA were to become as big as Bitcoin, each ADA would be worth approximately $923.00 (assuming each Bitcoin is worth $9,230 today)". but i think all altcoins depends on BTC and also market cap, ada could not reach this value but could reach 100$ in next years.

OP's logic can be compared to what some BTC bulls are saying. That if BTC becomes a reserve currency it will be so rare that even if 1% of the world's population decides to own some we'll surpass 1 million USD per coin. This is a fact, just like it's a fact that if ADA becomes as big as BTC it will be worth 1000 times more than it is now (or more). That doesn't mean that it will ever happen. ADA is just an altcoin, it won't become a substitute for BTC.

Maybe I'm just getting lost in my own math game...

 

Wouldn't it be easier to look at the market caps, than simply to do conversions via satoshi levels as it can cause pain calculating. Honestly then simple look at any lower cap coins and you will see that if they are worth in market cap as bitcoin is today how much you could earn. I am not saying ADA won't reach this level, it is possible but not likely from this moment in time for me. I will let market to decide on price and which crypto have good features and all of that.

Ok... I'll accept that. Still doesn't move the math much. So 21M BTC... so then there are 2,100,000,000,000,000 Satoshis and 25,000,000,000,000,000 Lovelaces.

each Satoshi is worth $0.0000944
each Lovelace is worth $0.0000038

so the smallest unit of ADA is worth 1/30 of the price of the smallest unit of BTC

But one BTC is worth 30,000x one ADA (which is a silly way to look at things)

Think about stocks: 1 share of Apple is ONE share. 1 share of Microsoft is ONE share. You don't compare 1 Share of Apple to 1,000 shares of Microsoft and then call each of them ONE share.

Wrong usage of units, there are really 21 million Bitcoins and 21 million times 100 million satoshis as one satoshi is equal to 10 nanoBitcoin.

I'm not telling you anything (not being sarcastic)... I'm asking where my math is falling short.

So your telling me that Cardano is roughly ~1150 times undervalued? I don't buy that not even for a second

Ada has been doing well in development and publicity, and in the long run it should be the three encryption competitions of eos, Ada and eth.

You can't compare 1 Bitcoin to 1 ADA, and here's why.

The smallest amount of BTC you can buy is 0.00000001 btc

The smallest amount of ADA you can buy is 0.000001

So to say there are 23 million Bitcoins and 25 Billion ADA is actually incorrect. To accurately compare the two currencies you would have to say that there are:

25,000,000,000,000,000 ADA
2,300,000,000,000,000 BTC

So in reality there are only 10 times as many ADA as there are Bitcoin.

So if ADA were to become as big as Bitcoin, each ADA would be worth approximately $923.00 (assuming each Bitcoin is worth $9,230 today)

FURTHER:

Anyone can "say" whatever they want "equals ONE x, y or z coin"... in reality the REAL total number of "coins" is actually "the smallest amount of each coin x the total number of coins"

the next calculation to do might be...

Take the current price of bitcoin and divide it by 0.00000001 to get the value of the Satoshi (the name of the smallest btc)

Then take the current price of ADA and divide that by 0.000001 to get the value of a lovelace

Then compare those two prices.

so each Satoshi is worth $0.000092

each Lovelace is worth $0.0000038

So to finish it all off...

BTC is REALLY only worth approximately 22x more than ADA

So divide the current BTC price by 22 and get approximately $429.13 per ADA

Thoughts?