Can Cardano really reach 20$+ near end of year? - page 3.

LUCKMCFLY

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Cardano is at a crossroads, on the one hand it gives some bullish turns, but due to the direction of BTC it has dropped a bit, the bulls if they are buying in the dip, for now the price is at $ 2.4, not bad at all, but Apparently the first goal that is to be able to reach $ 5 has been somewhat truncated, the analysis of cointelegraph launches the following:

Quote

If sellers pull the price below the 50-day SMA, the correction could deepen to the next support at $1.94. Alternatively, if the price rises from the current level or rebounds off the 50-day SMA, the bulls will make one more attempt to push the price toward the overhead resistance zone at $2.97 to $3.10.

Source: https://cointelegraph.com/news/price-analysis-9-13-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni

What many hope is that Cardano can be maintained and does not fall below $ 2, it is what many are waiting for, however ADA represents a lot of future, what I would do now would be to put myself in Hodl mode.

geegaw

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Quote from: GatotKaca on September 13, 2021, 11:51:21 AM

Quote from: GreenStox on September 13, 2021, 09:15:14 AM

nothing is impossible. many say the end of the year all coins will increase rapidly and there are also those who say Cardano will not reach such a high price due to market cap and more. now the cardano's price is $2.41 down from $3.09 which was its highest price. but I'm sure Cardano could hit a price above $10 by the end of the year.

everything is possible in the crypto market as long as the update from Cardano is really market-accepted and has great attention from the developers of the new project.
as happened to SOL which is getting a tremendous increase from the popularity of its current ecosystem. and when Cardano can reach its popularity with the newly developed ecosystem it should be $20 is not an impossible number for the ADA.

Indeed all of that may happen, but we are not only talking about the possibility, but we also need to look at the data as our records. ADA supply circulation with SOL is much different, even reaching 10 times the SOL supply.

In addition to the supply that is superior to Sol, ADA has many years of experience and interaction with the community, but in the end, their annual data shows that the spike is too small while Sol has a lower interaction and lifespan, even fell into a weaker state than ADA and has a bad value but its ability to jump on the spot seems to be a natural talent, Sol has not been trained and after training, Sol is already the champion this year. ADA has probably been tamed by investors and lacks the wildness of Sol

smartaction

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Quote from: Why you bully me on May 13, 2021, 06:08:01 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?

ADA now a much popular coin. ADA team will launch there own blockchain. If they can done it without any issues then ADA token can rich $10-20 easily

Rampagoe004

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Currently cardano is experiencing an increase so that the achievement of prices up to $20 could happen this year, and this is very dependent on the price of bitcoin, if bitcoin can increase to be able to touch the new ATH then all potential altcoins can experience changes, especially for now cardano is building smart contacts so that it has a high possibility that the price increase will occur as soon as possible.

Chato1977

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Quote from: Why you bully me on May 13, 2021, 06:08:01 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?

meaning 20 folds from this value now?

https://coinmarketcap.com/currencies/cardano/

from a 77 billion capitalization this will jumps to 770 billions? so this will only short by a 100 billion away from bitcoin and almost 50% ahead of Ethereum?

NO THIS WILL NEVER HAPPEN THIS SOON.

southerngentuk

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Quote from: Lubang Bawah on September 14, 2021, 02:00:09 AM

Unfortunately the price of Cardano has dropped a few days, to reach the price of $ 20 it took 8x of the current price and it looks like this is difficult to achieve this year even if the price of bitcoin crosses $100k, the price range that Cardano can achieve is around $ 5.

Although I see the potential, the current supply if it reaches that value this year I think it will be crazier than what Doge has just created in the past. But this will happen anyway, and the difference is when it will. I think it will be in another growth cycle in the future and currently the target that I think it can achieve is a price of $5-7 by the end of the year.

Lubang Bawah

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Unfortunately the price of Cardano has dropped a few days, to reach the price of $ 20 it took 8x of the current price and it looks like this is difficult to achieve this year even if the price of bitcoin crosses $100k, the price range that Cardano can achieve is around $ 5.

naikturun

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if you look at the current market capitalization, I think it's a bit impossible even though the current bull will happen, maybe only up to 5-10$ and even then it is very high and probably won't reach that number.
Here we are speculating even though the prediction doesn't look likely.

Fredomago

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Quote from: GatotKaca on September 13, 2021, 11:51:21 AM

Quote from: GreenStox on September 13, 2021, 09:15:14 AM

nothing is impossible. many say the end of the year all coins will increase rapidly and there are also those who say Cardano will not reach such a high price due to market cap and more. now the cardano's price is $2.41 down from $3.09 which was its highest price. but I'm sure Cardano could hit a price above $10 by the end of the year.

everything is possible in the crypto market as long as the update from Cardano is really market-accepted and has great attention from the developers of the new project.
as happened to SOL which is getting a tremendous increase from the popularity of its current ecosystem. and when Cardano can reach its popularity with the newly developed ecosystem it should be $20 is not an impossible number for the ADA.

That's right, if the development coming out from ADA received wide acceptance and developers start to work with their project inside ADA chain, it's very possible to see a huge increase from this asset.

Most of the time, support from end users really influenced the big growth of the project. Though there are influenced by the team itself creating the hypes but in the long-term run, usages are very important for the success of the project.

We can't conclude what will be the fate of ADA but with such kind of progressive project, more positive things may happen.

GatotKaca

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Quote from: GreenStox on September 13, 2021, 09:15:14 AM

nothing is impossible. many say the end of the year all coins will increase rapidly and there are also those who say Cardano will not reach such a high price due to market cap and more. now the cardano's price is $2.41 down from $3.09 which was its highest price. but I'm sure Cardano could hit a price above $10 by the end of the year.

everything is possible in the crypto market as long as the update from Cardano is really market-accepted and has great attention from the developers of the new project.
as happened to SOL which is getting a tremendous increase from the popularity of its current ecosystem. and when Cardano can reach its popularity with the newly developed ecosystem it should be $20 is not an impossible number for the ADA.

GreenStox

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nothing is impossible. many say the end of the year all coins will increase rapidly and there are also those who say Cardano will not reach such a high price due to market cap and more. now the cardano's price is $2.41 down from $3.09 which was its highest price. but I'm sure Cardano could hit a price above $10 by the end of the year.

arifteguhr

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Quote from: raji1995naya on September 13, 2021, 08:04:29 AM

That's difficult to tell; a 20x move is likely, and we're not closing any doors just yet since anything can happen with cryptocurrencies in an instant. However, because we're approaching the fourth quarter, we're not even close to a quarter of the way through the year. It's best not to anticipate Cardano to achieve $20 before the end of the year, but there will still be a lot to look forward to if it stays close to its current price.

That will be a long way for Cardano to achieve if the time is only until the end of this year, because I am only more confident in hitting the $5 price on Cardano for this year even though it also looks difficult and not easy, because market conditions will determine all of this, whether will be good or even worse in the future.

raji1995naya

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That's difficult to tell; a 20x move is likely, and we're not closing any doors just yet since anything can happen with cryptocurrencies in an instant. However, because we're approaching the fourth quarter, we're not even close to a quarter of the way through the year. It's best not to anticipate Cardano to achieve $20 before the end of the year, but there will still be a lot to look forward to if it stays close to its current price.

bhooscream

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Its ATH is about $3, I think it is too exaggerating to expect $20. Remember that the end of 2021 isn't too long, with only 3 months remaining. If Cardano can pass $5, it is already good enough. In my opinion, the price of Cardano won't be more than $8. But it is only my prediction as an amateur investor or trader. I just try to determine the potential increase of Cardano price if we consider the current price and the remaining months.

marcous

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Quote from: shitpost pioneer on September 04, 2021, 02:08:25 PM

No, it can't reach 20$ because Cardano is far from being innovative.
Probably, it will be overtaken from more innovative coins like Tezos or Avalanche.

What flaws do you see in Cardano that you say are far from innovative? Isn't Cardano also a successful project with tremendous development in the cryptocurrency space? which is also owned by Tezos or Avalanche.

shitpost pioneer

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No, it can't reach 20$ because Cardano is far from being innovative.
Probably, it will be overtaken from more innovative coins like Tezos or Avalanche.

Abiky

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Quote from: stadus on September 02, 2021, 04:04:55 PM

Slowly the price will grow, however, I think Cardano is currently overvalued now and it will have to take a correction before it will start rising again. The level of growth of Cardano this year is just unbelievable, so I'm thinking that people might panic a bit once the heavy correction will start.

Cardano is extremely undervalued. For a blockchain network without smart contracts functionality (still under development), I'd say that Cardano's price is exaggerated. The reason why it's been soaring is because of the crypto/Blockchain hype. Once it's all over, expect ADA to go all the way down the drain.

A price of more than $20 would've made Cardano surpass Bitcoin as the world's largest cryptocurrency by market cap. That will never happen since Bitcoin will just keep rising towards new heights. There are far better options on the market with a larger ecosystem of dApps and services. Until Cardano reduces its supply and adopts smart contracts functionality, prices will stall. The most it can go is to $5 per coin if the bull market persists. But it won't be sustainable in the long run because of the reasons mentioned before. What matters is how useful a coin is instead of its price. As long as Cardano is useful, nothing else matters. Just my opinion

BaeSuzy

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Quote from: rodskee on May 15, 2021, 04:49:54 AM

Quote from: Why you bully me on May 13, 2021, 06:08:01 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?

is this for real mate? 20$? Cardano even reach the ATH today with 2.18$ value and you are expecting another 10 folds from that?

I hate this idea of being greedy mate, because we can at least be contented here ..

I am holding Cardano and still holding more now but i will never ask for that so much.

Do you realize that 20$ per 1 ADA puts the ADA Market cap almost as valuable as the current market cap of bitcoin? Not saying it is impossible for cardano to get there but I am 99% certain that it won’t happen in 12 to 18 months from now.

bakasabo

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How do you even generate such numbers as $20 for ADA? Why not instantly ask for $100 by the end of the year? Only 4 months are left and ADA must gain x7 to get to that level. To me this looks impossible. ADA has already used most of its aces, now everything are in demand and traders hands. But remember, ADA price has been groving for a long time without correction.

stadus

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Quote from: Benefactor on September 01, 2021, 10:13:31 AM

It will be an enormous leap to $20.00 and I question until further notice that in can be accomplished. $5.00 could be hard to reach as I would see it. It will require huge amount of cash pouring on ADA's market. We've as of late seen that fiat being accomplished even in a couple of days with enormous cap coins. Also, with projects like pollute entering the cardano environment, we should see some development in the cost.

Slowly the price will grow, however, I think Cardano is currently overvalued now and it will have to take a correction before it will start rising again. The level of growth of Cardano this year is just unbelievable, so I'm thinking that people might panic a bit once the heavy correction will start.

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