Can Cardano really reach 20$+ near end of year? - page 10.

MCobian

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Quote from: monineklutak on June 08, 2021, 11:28:46 AM

Quote from: Nivia1st on June 07, 2021, 11:31:24 PM

First Cardano have to push their Adoption rate. currently their platform has the lowest level and even loses compared to Tron which is in position 24 Marketcap. and then they have a chance to go up and make new ATH. but all that is still not enough to reach the price of 20$. it took a massive pump to get Cardano to climb really high.

Besides that I think it also takes some good big news to hit $20,
even so it doesn't seem like it's something that can make the price go up,
which obviously needs more effort for Cardano so let's see what the team will do

Despite the big news regarding Cardano, I'm pessimistic that Cardano will go up to $20. Actually the target of $ 20 could be achieved,
but not possible this year. Because right now Cardano is still at $1.6. So to reach the price of $ 20 requires a very significant increase,
and according to the results of my analysis is impossible. Even now Cardano is still down about 35% of the ATH price, so it's too far to hit
the $20 target.

Nivia1st

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First Cardano have to push their Adoption rate. currently their platform has the lowest level and even loses compared to Tron which is in position 24 Marketcap. and then they have a chance to go up and make new ATH. but all that is still not enough to reach the price of 20$. it took a massive pump to get Cardano to climb really high.

LUCKMCFLY

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Cardano came from a somewhat bearish trend, now with the uncertainty of the market that indicates that BTC may continue to decline as ADA is parked at approximately 1.5USDS, of course this is an acceptable level, for now it is very difficult for the bulls to act, it is hope it can go down a bit more, however it is good to have foresight:

Quote

Cardano’s price was seen hovering close to $1.68 before it broke down and dropped to $1.52. It was already seeing a steady rise in selling pressure which extended bearishness in the market.

This could mean the price may maintain this downtrend in the mid-term.

Source: https://ambcrypto.com/cardano-price-analysis-08-june/

The best thing for now is to continue monitoring, because at any time some kind of surprise can occur.

LUCKMCFLY

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Cardano whenever it is above 1.05 USD can be considered as a very good path, can even be something Bulilsh, but long-term sentiment is in uncertainty, Bitcoin is the one who marks the way, if BTC does not rise from $ 36k It is very difficult for the Alts to have a good surge, if thereby long-term can move forward and even achieve good prices if BTC passes from the $ 36k that it maintains for now:

Quote

Technical indicators are providing mixed signs. The MACD is still positive but has lost strength, the RSI is decreasing but has generated a hidden bullish divergence, and the Stochastic oscillator has made a bearish cross (red icon).

Source: https://beincrypto.com/cardano-ada-struggles-to-find-footing-after-fall-from-highs/

Captain-Cryptory

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Quote from: MishaSER on June 06, 2021, 10:43:02 AM

Judging by these situations, the ADA should overtake Bitcoin in capitalization, and now think about whether this is possible? I do not think that it is possible, in order to ensure such growth, the entire market must grow 10 times, namely the price of bitcoin is about $ 300k.

But on the other hand the capitalization of whole cryptocurrency is far beyond requirements of the World economy. The real use cases like Cardano's deals with Ethiopia will force cryptocoins to increase their caps and the race will be won by whoever starts to build up their capitalization first.

Fredomago

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Quote from: conected on June 08, 2021, 01:01:19 PM

Quote from: monineklutak on June 08, 2021, 11:28:46 AM

Quote from: Nivia1st on June 07, 2021, 11:31:24 PM

First Cardano have to push their Adoption rate. currently their platform has the lowest level and even loses compared to Tron which is in position 24 Marketcap. and then they have a chance to go up and make new ATH. but all that is still not enough to reach the price of 20$. it took a massive pump to get Cardano to climb really high.

Besides that I think it also takes some good big news to hit $20,
even so it doesn't seem like it's something that can make the price go up,
which obviously needs more effort for Cardano so let's see what the team will do

- Overall, their team still doesn't come up with the best strategies, most of the information they give has been covered by more interesting information from other projects, to gain presence, they need greater competitiveness but their nature is too lacking in such strengths, a relatively useful proof is that their position is higher than many other projects but people's choices often go against their calculations, people prefer projects in lower positions but more effective and potential. Its sustainability is the nature of a currency for transactions and payments, not the nature of an investment project.

Investors are aiming for more profits and willing to take the risk, not even the project already reached a much better place from the market it's not an assurance that they'll be able to attract more investors to ride on,

It's best to bring something more interesting while attracting developers to use their platform, from that point more and more investors will come up and start buying this asset.

The team needs to show more and more good offers in terms of usages it probably the changing factors with everything inside this business.

conected

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Quote from: monineklutak on June 08, 2021, 11:28:46 AM

Quote from: Nivia1st on June 07, 2021, 11:31:24 PM

First Cardano have to push their Adoption rate. currently their platform has the lowest level and even loses compared to Tron which is in position 24 Marketcap. and then they have a chance to go up and make new ATH. but all that is still not enough to reach the price of 20$. it took a massive pump to get Cardano to climb really high.

Besides that I think it also takes some good big news to hit $20,
even so it doesn't seem like it's something that can make the price go up,
which obviously needs more effort for Cardano so let's see what the team will do

- Overall, their team still doesn't come up with the best strategies, most of the information they give has been covered by more interesting information from other projects, to gain presence, they need greater competitiveness but their nature is too lacking in such strengths, a relatively useful proof is that their position is higher than many other projects but people's choices often go against their calculations, people prefer projects in lower positions but more effective and potential. Its sustainability is the nature of a currency for transactions and payments, not the nature of an investment project.

monineklutak

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Quote from: Nivia1st on June 07, 2021, 11:31:24 PM

First Cardano have to push their Adoption rate. currently their platform has the lowest level and even loses compared to Tron which is in position 24 Marketcap. and then they have a chance to go up and make new ATH. but all that is still not enough to reach the price of 20$. it took a massive pump to get Cardano to climb really high.

Besides that I think it also takes some good big news to hit $20,
even so it doesn't seem like it's something that can make the price go up,
which obviously needs more effort for Cardano so let's see what the team will do

barhavsky

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with the current state of the market cap, then I think it is very difficult for the price of ADA to reach $20+ and although there may be another bull run, I'm still not sure if the price of ADA can reach $20+, because I think the price of ADA might only can reach $5 this year, but I'm sure maybe in a few years the price of ADA can reach $20+, because ADA is one of the best altcoin for long term investment, so of course it will make the price of ADA will definitely continue to increase very high every year.

romero121

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Quote from: Captain-Cryptory on June 07, 2021, 08:50:19 AM

Quote from: MishaSER on June 06, 2021, 10:43:02 AM

Judging by these situations, the ADA should overtake Bitcoin in capitalization, and now think about whether this is possible? I do not think that it is possible, in order to ensure such growth, the entire market must grow 10 times, namely the price of bitcoin is about $ 300k.

But on the other hand the capitalization of whole cryptocurrency is far beyond requirements of the World economy. The real use cases like Cardano's deals with Ethiopia will force cryptocoins to increase their caps and the race will be won by whoever starts to build up their capitalization first.

Yes, based on the capitalisation there is more chance of bounce in the value. But, to reach $20 is something very big in short time period. It is predicted that cardano to give gradual growth and reach $10. For me $10 looks like an achievable value.

MishaSER

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Judging by these situations, the ADA should overtake Bitcoin in capitalization, and now think about whether this is possible? I do not think that it is possible, in order to ensure such growth, the entire market must grow 10 times, namely the price of bitcoin is about $ 300k.

Captain-Cryptory

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Quote from: Valak on June 05, 2021, 04:57:18 PM

The current crypto price correction proves that the price of ADA will not reach $20 by the end of the year. Even if there is a next pump, the price of the ADA will only increase by $3 by the end of the year.

I'm an admirer of Cardano project but despite of that $20 is too much to expect from ADA. More realistic level to be reached by the end of this year is somewhere between $5 and $8 providing all Alonzo features will come on schedule. I know they are working in parallel on many features to make Cardano's state of the art smart contracts available in time so ADA price depends on the timing.

stadus

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$20 for a high supply coin is too much already, we saw it pumped but that is only because of the bull run, and it seems the bull run is already over so most likely the rest of the year the market will be bearish, which will make ADA dump below $1 as usual.

monineklutak

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Quote from: Captain-Cryptory on June 06, 2021, 05:34:33 AM

Quote from: Valak on June 05, 2021, 04:57:18 PM

The current crypto price correction proves that the price of ADA will not reach $20 by the end of the year. Even if there is a next pump, the price of the ADA will only increase by $3 by the end of the year.

I'm an admirer of Cardano project but despite of that $20 is too much to expect from ADA. More realistic level to be reached by the end of this year is somewhere between $5 and $8 providing all Alonzo features will come on schedule. I know they are working in parallel on many features to make Cardano's state of the art smart contracts available in time so ADA price depends on the timing.

Yes, we better be realistic because if we have too high expectations of ADA and later it doesn't fit we may be disappointed,
we know the Cardano project is one of the promising projects and they have a good team,
so just keep following the progress and I'm sure later the price of ADA will go up

Coin_trader

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Quote from: Valak on June 05, 2021, 04:57:18 PM

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?

Not. The current crypto price correction proves that the price of ADA will not reach $20 by the end of the year. Even if there is a next pump, the price of the ADA will only increase by $3 by the end of the year.

Its possible if they decrease there total token supply through token burning or redenomination. That's the only possible way unless the current market will grow x7 from the end of the year. I believe its already a miracle to see billion supply token to reach greater than a dollar each.

Valak

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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?

Not. The current crypto price correction proves that the price of ADA will not reach $20 by the end of the year. Even if there is a next pump, the price of the ADA will only increase by $3 by the end of the year.

RbiggerG

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Quote from: matchi2011 on June 04, 2021, 07:15:54 PM

Quote from: RbiggerG on June 04, 2021, 06:57:30 PM

Quote from: Farma on June 03, 2021, 11:30:04 AM

I still see it's a very difficult thing to achieve, even to reach the price of $10, it's still quite difficult for this year. maybe it will happen if a big pump happens, but based on the current situation, I also think that the high rise is around $3.

It seemed for a moment that Cardano could be ready for a serious bull run, but frankly speaking a tanking Bitcoin also crossed those plans. I think if Bitcoin were running still well Cardano could have benefited from that momentum a lot.

The market still unclear, even Cardano is set to go investors still fearing that Bitcoin will meesed it up, the support for
this project is there but it's need more flowing money to reached that target amount.

Maybe for another year if not this year, once a healhty market run comes up this coin is one of those good alternative
that will also recieved investment.

I also don't really know and have no feeling for where Cardano really stands in terms of its potential. One could just say it should be higher in the rankings of coinmarketcap but I don't know. The potential is there and we all know that sometimes (or very often) it is all about the whales preparing a move and going for it. The potential isn't that decisive anymore then.

bittraffic

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A lot of updates will happen by next months for Cardano particularly the deployment of the smartcontract that might be able to get the wheels running. This is actually the most awaited part of this project.

Just like where ETH started, when it was about $3-7, investors were still skeptical about what it could do and most are taking ETH as scam. If the price won't fall back below $1, many of the doubters might not buy this token.

bitterguy28

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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?

Sorry to disappoint you but i think there will never come this year about this Pumping as it was so huge to expect from a coin that has already reached the top early this year.
if there is some coins we must check and wait? then that must be Bitcoin and binance coins.

matchi2011

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Quote from: RbiggerG on June 04, 2021, 06:57:30 PM

Quote from: Farma on June 03, 2021, 11:30:04 AM

I still see it's a very difficult thing to achieve, even to reach the price of $10, it's still quite difficult for this year. maybe it will happen if a big pump happens, but based on the current situation, I also think that the high rise is around $3.

It seemed for a moment that Cardano could be ready for a serious bull run, but frankly speaking a tanking Bitcoin also crossed those plans. I think if Bitcoin were running still well Cardano could have benefited from that momentum a lot.

The market still unclear, even Cardano is set to go investors still fearing that Bitcoin will meesed it up, the support for
this project is there but it's need more flowing money to reached that target amount.

Maybe for another year if not this year, once a healhty market run comes up this coin is one of those good alternative
that will also recieved investment.

Topic: Can Cardano really reach 20$+ near end of year? - page 10. (Read 2644 times)