Cardano (ADA) is currently trading at $0.6993 after a 6% daily drop amid market-wide pullback.A $7 price target for ADA is reliant on the cryptocurrency market reaching $10 trillion, with ADA needing a $500 billion market cap.ADA has not achieved a 5% market dominance historically, making the $7 target ambitious but potentially achievable in a bullish market.Long-term gains for ADA are linked to overall market growth, suggesting limited upside if the industry remains stagnant.