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?
there is no way that cardano (ADA) can overthrow ethereum because the market cap is always superior to ethereum than cardano. so it is very unlikely that cardano can be better than ethereum because we all know that ethereum is the best altcoin of all time. but for the price of cardano to reach $12 it takes a long time and this can happen in the crypto market.