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?
Will never in the next 3 years i think because cardano is indeed making way to growing this year but remember that ethereum is the most established and used altcoin this is even getting stronger as NFT is also engaging in ethereum platform.
ADA is good now but lets see in the next years if this momentum will continue or will go back down to what it started recently.