Can Cardano really reach 20$+ near end of year?

LUCKMCFLY

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Cardano's path has become somewhat difficult, it has not been possible to break the price level of 2.25USD, however everything is possible, at the moment it is at 2.20USD, it is close, if the BTC continues to rise it is likely to break that price level:

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This negative view will invalidate if the price turns up from the current level or rebounds off the $1.94 support and rises above the 20-day EMA. The pair could then rally to the 50-day SMA ($2.46) where bears may again mount a stiff resistance. A break above this level could clear the path for an up-move to $2.97.

Source: https://cointelegraph.com/news/price-analysis-10-4-btc-eth-bnb-ada-sol-xrp-dot-doge-luna-uni

It is not a bad time to buy ADA, since it is very likely that the price of BTC will continue to rise and if this happens, ADA will have a good rebound.

Abiky

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Quote from: firesurfer on September 29, 2021, 10:21:58 AM

$20 is way too high and doesn't make sense given that Cardano has rallied more than 100x from its low. Another thing is that Cardano still doesn't have a fully completed project on its chain. So the inflow of money and the amount of Cardano put into DEFI has not really happened. I can believe Cardano will hit $20 by the next Bull run, which is in 2024 and 2025.

Exactly. Cardano is still a work-in-progress. Apart from that, there are billions of coins in circulation compared to other scarcer cryptocurrencies on the market. What makes you think something as inflated as ADA will be worth a lot of money in the future? Unless developers do something about it, I don't see it going anywhere.

I'd say $20 per coin is more of a dream than anything else. A more realistic target would be $5 per coin by the end of the year. Anything more than that would not be sustainable in the long run. Crypto is all about utility instead of the price. As long as Cardano is useful, nothing else matters. Just my thoughts Grin

elisabetheva

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Quote from: Fakhrulenclix on September 25, 2021, 04:58:58 AM

I think realistically, I have heard that speculation for a very long time, even I myself am a holder of the coin and I hope the price is very high but when the bull market came a few months ago there was no significant movement on the Cardano coin, so at this time I say no maybe for the price of $20 it is very high. maybe even if the market cap increases and the demand for Cardano coin is high I don't think it will reach $20.

a month ago ADA actually made a surprise by reaching ATH $3.09 - Sep 02, 2021, but after that it just kept going down and where bitcoin and altcoins increased ADA still couldn't participate and still went down. Of course this is clearly something that is not desirable because ADA should also be able to move up. this week when all went green but ADA was red with -3.9%.

but usually after correction there is a surprise, will ADA make the surprise? if it's about the price of $20 at the end of the year, everything is possible, because ADA is a good coin, but if you want to be realistic, $10-$15 is good enough to be achieved by ADA at the end of this year.

Rrita

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Quote from: btc78 on September 30, 2021, 07:00:22 AM

even Ethereum Loses a Bit momentum yet this is not enough to gain Cardano x10-x20 , imagine that means Ethereum will be going down the 2nd ranking coin and ADA will comes next?
nope ETH will not fall from that position against cardano.

maybe cardano will Hit 10$ but after that Ethereum will gain more than double of the capitalization it has now.

Yes, That's the point. If Cardano's price hits 10x-20x it will be the next biggest altcoin after Bitcoin. Ethereum is also canted able to hold 2nd position. So I think it's not going to happen sooner. Maybe in the future, we can see Cardano $5 or more but its needs time. The all-time high price was $3.10 and if Cardano again can able to bet this price range then I am hoping for the $4. Also, $5 would be nice for the Cardano bag holder, but I do not agree with 10x or more within a short time.

btc78

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Quote from: timerland on September 30, 2021, 05:14:10 AM

Yes?

I think that time and time again the altcoin frenzy has shown us that literally anything is possible.

I think that Cardano has a good project and a good basis to start from. If they can continue development then it's not hard to see a 10x or 20x from this point on especially if ETH loses a bit of momentum.

even Ethereum Loses a Bit momentum yet this is not enough to gain Cardano x10-x20 , imagine that means Ethereum will be going down the 2nd ranking coin and ADA will comes next?
nope ETH will not fall from that position against cardano.

maybe cardano will Hit 10$ but after that Ethereum will gain more than double of the capitalization it has now.

timerland

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Yes?

I think that time and time again the altcoin frenzy has shown us that literally anything is possible.

I think that Cardano has a good project and a good basis to start from. If they can continue development then it's not hard to see a 10x or 20x from this point on especially if ETH loses a bit of momentum.

Sayeds56

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Quote from: Rehan Zakir on September 26, 2021, 11:50:00 PM

Cardano is a very strong project and promising project. But i think that in 2020 cardano coin price is near to 0.1$ and in 2021 bull run its price will hit 3$ and its still increases. It is pumped 30X within one year. And 20$ is a very difficult target and its takes long time to complete this target. It might be 5 or 10 years. So, hold this coin if anyone want to get massive project from this project. It will definitely give you good project in future.

Cardano is again news after launching of its smart contracts but due to sluggish Bitcoin market it has not shown impressive performance. It is certainly good coin for long term investment and it has shown excellent performance during the past one year when its price increased more than 500%. Technically speaking if any breakout happens in ADA then its next target in above 3$ provided Bitcoin is not dumped.

firesurfer

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$20 is way too high and doesn't make sense given that Cardano has rallied more than 100x from its low. Another thing is that Cardano still doesn't have a fully completed project on its chain. So the inflow of money and the amount of Cardano put into DEFI has not really happened. I can believe Cardano will hit $20 by the next Bull run, which is in 2024 and 2025.

tarable

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Quote from: Jose Mourinho on September 28, 2021, 02:12:02 PM

I think Cardano is one of the most worthy altcoins to invest in because it has a very high potential, this can be seen from its growth from time to time increasing, but I don't think Cardano can reach $20 by the end of this year. , because in addition to a very short time, the price of Cardano is still relatively low at $2.04. Of course, Cardano will take a long time to reach $20.

I don't see much improvement on Cardano during the bearish period, because in terms of cryptocurrencies, Cardano could still experience a very deep decline if the bear market conditions don't end soon in the 4th Quarter of this year.

cafucafucafu

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$20+ is definitely not something that I would call "sensible valuation".

Fact of the matter is that Cardano is likely not going to be very useful going forward, its hype value as an alternative to ETH will likely die down quite dramatically once ETH2.0 comes out live.

You could diversify into it, sure, but don't expect gains that are anywhere near what we saw in the past year.

Twinscoin2017

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Quote from: Why you bully me on May 13, 2021, 07:08:01 PM

I've been seeing many price speculations on ADA. Some say that its impossible due to market cap and some say it has so much potential to do it. What would be the sensible valuation you think it could be near end and why?

Cardano has a high potential coin but 20$ at the end of th year is quit high enough and it is impossible to reach I think Cardano will not reach that price this year but maybe in the next few years from now. No one can really know what will be the future of this coin the only sure thing is that it is also proven and tested coin I also prefer to invest in this coin for long term than investing on some ICO.

Jose Mourinho

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I think Cardano is one of the most worthy altcoins to invest in because it has a very high potential, this can be seen from its growth from time to time increasing, but I don't think Cardano can reach $20 by the end of this year. , because in addition to a very short time, the price of Cardano is still relatively low at $2.04. Of course, Cardano will take a long time to reach $20.

LUCKMCFLY

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The ADA price is currently hovering at 2.17USD, it is also a sign that the bears have not stopped making their attacks and the bulls defend the price, according to cointelegraph the bulls could not exceed 2.47USD:

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if the price turns up from the current level or rebounds off $1.94, the bulls will again try to propel the pair above $2.47. If they manage to do that, it will indicate that the correction could be over. The pair could then rally to $2.97.

Source: https://cointelegraph.com/news/price-analysis-9-27-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-luna

Cardano has not yet lost its goal, so that it can take a good jump, first 5usd is a closer price, and 20usd if BTC reaches its first target at 20USD, this target is very possible despite looking a bit far.

hush

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Quote from: sumant on September 27, 2021, 06:19:32 AM

I dont think cardano will reach 20$ + by end of the year. Cardano a strong and legitimate project which has show great potential in this crypto arena. It has been given many time returns but reaching this target you have to wait for some years. I think after 2 or 3 year you will see cardano at 20+. I am also looking at Ada price and hope we will have good times in one or two years ahead.

Agreed with you it's a much higher price target for ADA to achieve $20 milestone in current cycle and it is still young in term of smart contracts platform which is recently launched so it need more adoption and demand to keep continue to reach much higher price.

sumant

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I dont think cardano will reach 20$ + by end of the year. Cardano a strong and legitimate project which has show great potential in this crypto arena. It has been given many time returns but reaching this target you have to wait for some years. I think after 2 or 3 year you will see cardano at 20+. I am also looking at Ada price and hope we will have good times in one or two years ahead.

Rehan Zakir

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Cardano is a very strong project and promising project. But i think that in 2020 cardano coin price is near to 0.1$ and in 2021 bull run its price will hit 3$ and its still increases. It is pumped 30X within one year. And 20$ is a very difficult target and its takes long time to complete this target. It might be 5 or 10 years. So, hold this coin if anyone want to get massive project from this project. It will definitely give you good project in future.

Rrita

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Quote from: Oneandpure on September 25, 2021, 01:47:33 PM

Maybe possible for Cardano raise above $20 but one or two years later depend with bitcoin price, if bitcoin have touch above $60,000 cardano maybe stuck above $5, we know how much cardano coin supply and look tin chance to going up and if developer want to burn cardano supply maybe have bigger chance exactly above $5.

For the long-term investment, Cardano is a good one. But $20 means 10x from now, For this Cardano needs a huge market cap. I don't think it's possible within a very short time. But after 4-5 years maybe we can see Cardano's price at this level. For now, I am just waiting for 4$ to $5 per Cardano, my buy price was low and still accumulating is this Dip season. The current price is $2.25 and $2 is a very strong support zone. If it's broken, I will place a few orders at the next support zone. Hope within a short time Cardano will make a new all-time high.

Oneandpure

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Maybe possible for Cardano raise above $20 but one or two years later depend with bitcoin price, if bitcoin have touch above $60,000 cardano maybe stuck above $5, we know how much cardano coin supply and look tin chance to going up and if developer want to burn cardano supply maybe have bigger chance exactly above $5.

Fakhrulenclix

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I think realistically, I have heard that speculation for a very long time, even I myself am a holder of the coin and I hope the price is very high but when the bull market came a few months ago there was no significant movement on the Cardano coin, so at this time I say no maybe for the price of $20 it is very high. maybe even if the market cap increases and the demand for Cardano coin is high I don't think it will reach $20.

Abiky

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Quote from: gaston castano on September 22, 2021, 02:34:15 AM

if the market will move up after this decline, then the possibility of further bulls will still take place, but 20$ for cardano is still too high, maybe 10$ is already the highest point for cardano at this time.

$10 is an insane prediction. Imagine $20 per coin. I don't think Cardano will ever get that far because of the many coins in circulation. Inflation is what's going to prevent ADA from reaching new All-time-highs (ATHs) in the long term. Maybe Cardano developers will copy Ethereum by adding scarcity to ADA?

What matters is not the price per coin but rather its usefulness. I've said this many times already. Most people are only into crypto to make money in the least time possible, so they believe every crypto asset is meant to soar towards "infinity and beyond". Those who actually use crypto seriously for day-to-day payments are the small minority. Cardano will only survive if it remains decentralized. I'd say $5 per ADA is a more realistic prediction than $20. Whenever it'll become a reality or not, will greatly depend on mainstream demand above all else. Just my opinion

Topic: Can Cardano really reach 20$+ near end of year? (Read 2644 times)