user1905: Compared to ETH and BTC, Cardano's total supply is higher. Given this, how will ADA ever reach $1000. Will a Cardano halving happen and lead to increased demand of ADA?

user62: No. There will be no reduction of the supply of ADA in the future to increase its value or demand. Total supply is fixed and yes its greater than that of BTC and ETH. All this means is that the individual coins are worth less themselves. You should consider the total market cap.
Consider this, is there is more Satoshies than ADA? You can always use a bigger or smaller unit. You need to look at the market cap as a whole to do a comparison.

user533: Welcome to the community.
Rewards get reduced by up to 0.3% every epoch (5 days).
I'd suggest calculating your market cap projection. 1000 USD / current price (1.64 USD) would give us a 609.7x market cap (compared to our current market cap)
Cardano's value comes from the utility it provides, and the demand for ADA will increase with the applications built upon it, the identities managed with it, and the services governed by it. It is still, by nature, deflationary.

1905: <p>Compared to ETH and BTC, Cardano's total supply is higher. Given this, how will ADA ever reach $1000. Will a Cardano halving happen and lead to increased demand of ADA?</p>
 62: <p>No. There will be no reduction of the supply of ADA in the future to increase its value or demand. Total supply is fixed and yes its greater than that of BTC and ETH. All this means is that the individual coins are worth less themselves. You should consider the total market cap.</p>
<p>Consider this, is there is more Satoshies than ADA? You can always use a bigger or smaller unit. You need to look at the market cap as a whole to do a comparison.</p>
 533: <p>Welcome to the community.</p>
<p>Rewards get reduced by <a href="https://www.reddit.com/r/cardano/comments/kr9naa/does_cardano_go_through_halving_like_bitcoin/" rel="noreferrer">up to 0.3%</a> every epoch (5 days).</p>
<p>I'd suggest calculating your market cap projection. 1000 USD / current price (1.64 USD) would give us a 609.7x market cap (compared to our current market cap)</p>
<p>Cardano's value comes from the utility it provides, and the demand for ADA will increase with the applications built upon it, the identities managed with it, and the services governed by it. It is still, by nature, deflationary.</p>
