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?
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.
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.
There is no hidden pool of Ada, and the treasury should be used to back projects and support the growth of the ecosystem. Furthermore, to my knowledge, no new Ada are currently being minted.
Fees paid to stake-pool are charged at the point of transaction. As supply is currently constrained, it seems likely that as adoption increases and the demand for Ada increases, the price of Ada will also increase. As the cost of Ada increases, the value of the fees produced by staking will also become more valuable incentivizing more staking and a further reduction in supply, which should increase the value of Ada further. This will continue until fees are inhibiting the growth of the ecosystem and we have reached the Voltaire Era. Then, we will vote to lower fees, which will temporarily decrease the value of Ada as an appreciating asset but increase the value of Ada as a currency and Cardano as an ecosystem.