As Cardano struggles to recover from the recent downturn, enthusiasts are debating the potential impact burns could have on ADA’s price. Cardano is gradually recovering from the recent downturn that pushed its price below the $0.35 mark on October 10. As of October 19 at 10:40 a.m. (UTC), ADA was trading at $0.6423, with its market cap standing at $23.03 billion. Despite this rebound, it remains down 29.12% from its 30-day high of $0.9063. However, investors have remained bullish on ADA’s potential, with many anticipating that several key developments, including Midnight and Hydra v1.0.0, could pave the way for a significant rally. A 15% burn of the total supply would amount to 6.75 billion ADA being permanently removed from circulation, reducing the overall supply to approximately 38.25 billion tokens. Many traders might assume that destroying such a large portion of tokens would automatically propel ADA’s price to new highs. According to their analysis, a 15% reduction in Cardano’s circulating supply—from 35.84 billion to 30.46 billion ADA—while maintaining the same market cap of $23.03 billion, would lift the token’s price to approximately $0.75. Will 15% Supply Burn Boost ADA Price? However, this isn’t necessarily true. Burning 15% of ADA’s supply would also remove the equivalent market value of those tokens, likely keeping the price relatively unchanged. For ADA’s price to surge, there must be a significant increase in demand following the burn. The burn could also make any subsequent rallies more impactful since there are fewer tokens left. While burning 15% of Cardano’s supply may not have an immediate impact on ADA’s price, 2045 is still a long way off. Analysts believe that several factors, including favorable regulatory developments and multiple Bitcoin halvings, could drive overall crypto prices higher over time. According to prediction platform Telegaon, ADA could trade between $45 and $50 by 2040, just five years before 2045. Notably, AI model ChatGPT suggested that ADA could trade between $100 and $300 within this timeframe. Meanwhile, crypto trading platform Changelly presents a far more ambitious forecast, projecting that ADA could reach $286 by 2040, representing a staggering 44,427% increase from its current price of $0.6423.