The prospect of retiring on cryptocurrencies is gaining momentum, and Cardano holders are among those hoping their ADA bags deliver such upside. Cardano has joined a broader market recovery today, rallying 5% over the past 24 hours to reach $0.6861. The current bullish momentum is a deviation from the previous bearish price action in recent weeks, which saw ADA retest $0.279. Nevertheless, holders are looking beyond the current price development, as they express commitment to Cardano’s long-term potential, which some believe could help them retire. Bearing this in mind, we recently analyzed the prospects of retiring as an ADA millionaire and how this could happen with 50,000 tokens. For perspective, one would buy 50,000 ADA at the current price of $0.6861 for a total of $34,305. If they bought at $1.32 in December 2024, it would have cost $66,000. At its all-time high of $3.106, the same stash would be worth $155,300. Nonetheless, if the investor bought 50,000 ADA when the token crashed to $0.279 on October 10, the user would have spent only $13,950. This suggests the importance of buying the dips and how it positions buyers for more gains during periods of price increase. Retiring With $1M and How to Do So With 50,000 ADA Meanwhile, $1 million is a reasonable amount of money for those looking to retire from work. Many might find this moderate, while others might believe it is enough; it all depends on one’s lifestyle, age, and location. For Cardano to make one rich in seven figures, it would have to grow considerably from the current price. Recall that 50,000 ADA currently costs $34,305. Hence, reaching $1 million would result in an impressive 2,815% growth. If we apply the same percentage growth to Cardano’s price, it suggests that ADA would have to grow by 2,815% from $0.6861 to make one a millionaire. Specifically, this results in a price of $20 per coin. Cardano to $20? Interestingly, analysts have predicted that Cardano could reach $20 soon, one of whom is Altcoin Oracle. The delegated representative (DRep) emphasized that ADA could achieve this 2,815% growth if Cardano becomes the primary Bitcoin DeFi enabler. Meanwhile, Changelly predicts that Cardano could reach $20 by December 2033 in a bullish case, which is 8 years away. Changelly Cardano Prediction