Can Cardano really reach 20$+ near end of year? - page 6.

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?

cardano is climbing now to above 2.5 dollars https://coinmarketcap.com/currencies/cardano/

but to break that 20$ the capitalization must increase from now , 90 billion dollars to almost a trillion .

do you think this coin can get close to Bitcoin and make 3x higher to Ethereum?

xmonkeyx

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the opportunity is of course there because nothing is impossible everything can happen but I think $20 is very high because at this time the price of cardano coin is starting to fall slowly even though many people say that the price will return high when the bull market comes but I as a The coin holder thinks realistically that the $20 price is too high.

SyndicateLabs

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Yes, important news about the upcoming ADA is creating the initial effects for a boom. Personally, I am also very confident with ADA, but actually if it hits $20 by the end of the year, it will be really impressive because it can surpass many leading names in this field.

cabron

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Quote from: wheelz1200 on August 22, 2021, 02:31:23 PM

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?

Honestly it's tough to price predict alts because of the reliance on bitcoins price. If bitcoin goes over 100k I can see cardano getting to like max $10 but what if bitcoin goes to 20k? $20 seems insane of a price valuation. So it's a little silly trying to Guage altcoin prices in usd. Peg them to sats and its a little easier.

The dominance of ADA increased beating BNB in the 3rd position. ADA right now is about $2.80is a big leap for ADA since its launch of smart contract this September is speculated by investors. It's very exciting to see how the market reacts after the launch because normally investors will also be selling after it. But the preparation of the release was already ironed well since there are tokens also migrating to ADA along with this launch.

I'm not sure whether to sell my holdings after the launch.

wheelz1200

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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?

Honestly it's tough to price predict alts because of the reliance on bitcoins price. If bitcoin goes over 100k I can see cardano getting to like max $10 but what if bitcoin goes to 20k? $20 seems insane of a price valuation. So it's a little silly trying to Guage altcoin prices in usd. Peg them to sats and its a little easier.

javainn

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it seems difficult for cardano to reach $ 20 because what we know now is that cardano is still under $ 2 that means cardano has to pump 10x and that doesn't seem to happen until now or at the end of this year

ZAINmalik75

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Its will be difficult but not possible for cardano but according to his movement many crypto enthusiast has taught that at the end of the year cardano can hit around 10$ . so I am also agree with them because I know cardano has a stronge fundemental but hitting 20$ need too much volume which unfortunately cardano hasn't.

cabron

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Quote from: Ezravdb on August 07, 2021, 03:31:57 PM

Quote from: andyou1234 on August 07, 2021, 02:35:44 PM

Currently, Cardano is one of the best altcoins to invest in long term, but I don't think ADA will reach $20 later this year, even though the market is recovering now, but Cardano still takes time and a long process to reach that value, I think $5 is a fair price for Cardano to close this 2021,

That's even if it can get to $5 by the close of this year, because there is still a possibility not to reach it, because the current price is still very far from reaching $5, although in general Cardano is a good coin and is in the top five cryptocurrency rankings.

Well, it seems to be beating the marketcap of the above coins and its price is more than $2 which we have 5 months ahead to watch this project unfolds its potential when Alonzo is going to be launched. A fully smart contract platform will arise better than what we have been speculating such as DOT and BNB. By the rate of the investors staking ADA, the supply in circulation is just too small for it not going to be bought by the big spender.

LUCKMCFLY

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For now the options to see Cardano at a price like $ 20 are fading, although it is not impossible, the technical indications are not very good for now, as this technical analysis shows the following:

Quote

Red signal bars were seen on Awesome Oscillator, indicating built-up of bearish pressure, MACD on the other showed green histograms, which were declining. A price reversal could also make the coin trade above its immediate resistance level of $1.38.

Source: https://ambcrypto.com/cardano-aave-and-zcash-price-analysis-05-august/

It should be noted that not everything is bad, although these short-term analyzes indicate falls, ADA is formally entering Japan, and seeing the long-term effects it translates into higher demand, which could bring a price increase in the currency.

conected

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Quote from: velive08 on August 04, 2021, 09:48:22 AM

can't seem to reach it if the cardano reaches $20 this year. I just think Cardano's target can be reached maybe only $7 this year. maybe it's a realistic thing, cardano is not a bad coin but it takes a lot of stages

- Capitalization is evaporating and moving somewhere outside of the crypto world, I can only say that we are not running parallel to the bull season, so the record breaking target of most altcoins is also unlikely to be established this year, their prices may be stable, which is coincidentally a good thing, $7 or $20, it was just a funny prediction. Especially with altcoins that are not as good and not as bad as Cardano, the only satisfaction about it is just a small and stable value, the community has never expected it to increase too much.

v3liana

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We can see that price if we're in the big bull run again in the end of this year, but my realistic target is only $5.
For me ADA is one of the best coin in cryptocurrency she has strong fundamentals, you can run smart contracts on it and has multiple fuctions beside it.
No stupid high gas fees and it has one of the largest market cap in the world and founded and perfected by a genius. So, theres no reason for me to not invest on this coin.

matchi2011

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Quote from: Sir Legend on July 13, 2021, 07:52:27 PM

Quote from: tabas on July 12, 2021, 03:33:39 PM

That's quite hard to say, a 20x move is likely to happen and we're not closing any doors because in cryptocurrencies, things can happen in an instant. But since the year is near to the Q4, it's not yet even close to 1/4 of it. It's better to not expect too much on Cardano hitting $20+ by the end of this year but there will still be a lot to expect from it by moving near to its present price.

Yes it is true, although the price can skyrocket in an instant but we have to be realistic, to reach the price of $ 20 it takes up to 16x the current price, if the market continues to grow then the possibility of the price being reached is $ 5.

Aiming for long then waiting game is what you need to do, and I agree being realistic $5 is much nearer being acheived but
ADA have a good potentials there are already communities who support this asset.

In the long run and with more progress to offer hitting or targetting $20 is very possible to reach.

irixo10

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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 is a good coin, I don't doubt it a bit, in fact it is one of my best coins which I hold, but even at that, I think giving such prediction or speculation about ADA is kind of we are expecting much from the team when they haven't done much as well or will I say it is too much. The reason for this is, when we look at coins which have grown so much and unexpectedly pumping so much that they took many people by surprise we talk of coins with already working blockchain on which many projects are listed, launched on and developing their use case on that network. A good example for clarification is BNB, we can remember the price of BNB last year, then when BSC network went online and started getting more attention due to low fee etc, the price of BNB shot up, and as more projects launched it also contributes to it, and look at the price today; although coin burn also helped.
So I would ask, how many projects are leveraging the ADA blockchain? Until more projects starts finding it easy to launch on ADA, I think the price of ADA might find it hard reaching 10$ let alone $20. More projects on a blockchain brings more investors to that blockchain.

LUCKMCFLY

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ADA has now very good conviction, many bears sold in the ADA rallies, but the Toros de Cardano remained firm buying in the fall, I think that Ada is one of the strongest coins on the market, its potential has been demonstrated:

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This may have reinvigorated the buyers who are again trying to push the price above the 50-day SMA ($1.33). If that happens, the ADA/USDT pair could gradually rise to $1.50. This level may pose a stiff challenge for buyers but if they can overcome it, the pair could start its northward journey toward $1.94.

Source: https://cointelegraph.com/news/price-analysis-7-28-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

It is a very good time to think that Cardano can reach the 1.94USD, I also dare to say that it can reach $2 if everything goes well.After Powell's statements, the BTC market began to recover much faster, perhaps this type of statement not only helps BTC, but also ADA, which has recently had a lot of acceptance at the level of bookmakers and casinos.

Shasha80

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If the decline continues then there is no expectation that cardano can reach $20,but if this coin continues to be developed and the price of bitcoin increases again then the achievement at the end of the year for cardano will definitely happen, then if we have confidence with the coin it does not hurt to save at a time when the price is falling at the moment and we will definitely benefit at the end of the year.

I think it's impossible for Cardano to reach $20 by the end of this year, because Cardano's price is currently at $1.19. In addition to the end of
this year only a few months left, the current market conditions have not recovered. Indeed, if we see the Bitcoin market starting to rise to
the price of $33k, but that is still not enough for the crypto market to return to a bullish trend again. So the $20 target for me is unrealistic for
Cardano to achieve this year. But we can still make a profit from Cardano, with holding Cardano until the end of the year. At least Cardano can get
back to the ATH price it hit a few months ago.

LUCKMCFLY

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ADA has been in uncertainty, just like most highs at the moment, I think the reason is because of the bullish momentum of BTC, and the highs have behaved in the same direction, however if we see the trading volume chart which indicates is growing, which suggests that it is possible that there are many buying in the dip:

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If the price turns down from the current level, the ADA/USDT pair could drop to the critical support at $1. A bounce off this level may keep the pair range-bound between $1 and $1.19 for a few days.

Source: https://cointelegraph.com/news/price-analysis-7-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Seeing some highs and the behavior of BTC in the short term looks much more optimistic, now for ADA the direction has not yet been fully defined, perhaps the bulls are waiting for a general market outcome to enter into action more safely .

Joshapat

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Quote from: todiefor17 on May 14, 2021, 11:37:32 AM

Cardano's value could reach $20 if Bitcoin hits $100k or more and ETH $10k. In August of this year, Cardano will launch their smart contract and this marks a big step in the blockchain space as a smart contract written in Haskell with a powerful decentralized blockchain.
Cryptocurrency markets will definitely grow and we have to wait patiently for them to develop. $20 is an unbelievable amount per Cardano and it can happen.

Of course we are really waiting for a surprise from Cardano with smart contracts, hopefully with the presence of smart contracts and other supporting features, investors will not hesitate to invest in Cardano, and I will also transfer some coins that continue to drop to Cardano.

yohananaomi

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Quote from: BobK71 on July 17, 2021, 11:03:41 AM

After btc hit 65k USD The Crypto-currency market is slowly declining again. In this situation it is not possible to go for Cardano $20. But in the future it will be able to go to a better position

when bitcoin declines after reaching ATH, cardano can actually reach ATH $ 2.45, unfortunately the ATH does not last long and goes down along with bitcoin and other altcoins.
with a value of $ 1.18 now it has decreased to -51.6% of the ATH formed may last month, this of course has all decreased around the same as bitcoin.

I agree for now the possibility for cardano to reach $20 will be difficult to do, but if indeed Q3 there will be a movement from bitcoin until the end of this year, then anything can happen and we wait for developments from bitcoin first.

LUCKMCFLY

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Well now a new panorama is seen for ADA, fortunately the market has recovered and is giving more security to its holders and investors

Quote

As Bitcoin’s price recovered from its fall under $30,000, the Cardano market rallied too. Taking into account the crypto’s recent fall and recovery on the charts, ADA remained volatile too, especially since ADA’s price had dropped by 50% since its peak in May. At the time of writing, the digital asset was trading at $1.16 with a market capitalization of $37.57 billion.

Source: https://ambcrypto.com/this-is-imperative-for-cardanos-price/

With more expectations for Cardano it is seen that more investments can be made safely, of course it is not ruled out that the BTC may fall again and therefore the ADA price suffers, but the ADA bulls like to see ADA high, and I think that this is what can predominate if all things go well, if BTC continues to rise many good things will come for Cardano.

LUCKMCFLY

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ADA's position at the moment has been more resistant than many highs, as the bears are selling in the rallies, the bulls are more active defending the price levels, but the direction of BTC is not helping ADA:

Quote

A strong rebound will indicate accumulation at the $1 support. On the other hand, if bears pull the price below $1, long liquidation may occur. That could open the doors for a further decline to $0.80 and then $0.68.

Source: https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

The scenario for ADA is very dark, the BTC management is the one who is directing the whole scenario, Cardano is staying in a very risky area, everyone is betting on the low of all alts, the best is Hodl.

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