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?
ADA is a new coin and new chain No matter how good it is, it cannot be compared to eth. Because eth is able to create a high quality & facilities contract address and eth is more popular which can never be left behind