The community named it to be a much better version of ETH.
ADA is slowly building its momentum to be the best digital cash available summing up the scalability, high security, low transaction fees, interoperability and especially considering the backlash of ETH with current gas fees.
Also the creator strongly believes that cryptocurrency absolutely have to communicate one with another and most likely this will happen in the next 3-5 years and there are rumors of Cardano/Litecoin connection bridge.
Can we see a market cap bigger than Ehereums? At the actual price rates this means it should be around $12 per ADA.
Will it happen?
Cardano has done well so far and no doubt it's an outstanding coin with lots of potentials, I know it solves alot of problems Ethereum blockchain is currently facing now, but I don't think it will still be able to march ethereum's marketcap any time soon, Ethereum's marketcap is the second biggest marketcap in the crypto space, I think cardano needs to beat Binance Smart Chain (BSC) first before they start thinking reaching ethereum's marketcap.