Can Cardano really reach 20$+ near end of year? - page 7.

LUCKMCFLY

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The price of ADA has fallen to 1.19 USD, it is very difficult for ADA prices to recover above 1.2 USD, it is expected that a good price level may occur to which the recovery of ADA occurs.

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A strong rebound off $1 will indicate accumulation at lower levels but the bulls are likely to face stiff resistance at $1.19. If the price turns down from this level, the possibility of a break below $1 increases. If that happens, the pair could start a new downtrend with the next support at $0.80.

Source: https://cointelegraph.com/news/price-analysis-7-16-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Many are waiting for the ADA price to fall much more, but everything will be indicated by the Bitcoin King, most likely these days are in a somewhat more bearish short-term period, however, you must be prepared for any change in trend.

BobK71

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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

conected

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Quote from: lenovop-70 on July 16, 2021, 08:51:31 AM

Definitely yes, Cardano is a big chance to get rich. Its still make me profit since im with it on last 3 months. Cardano chart is health and predictable, and by end of year when BTC arise once again, it could be hit 20$ like OP ask. I think Cardano's chart has similiarity with BTC chart.

- Perhaps you slept too much during the day and started to produce hallucinations of dreams, with any altcoin, Carnado is no exception, growth is something that should be done a few times a year if it wants to stay in the crypto community, and your profit right now is just a right investment and it ends there, no need to speculate about future scenarios. Carnado's chart actually follows bitcoin's chart but for both histograms to increase tenfold, I am not confident enough to say so

caffu chino

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can't, in fact I doubt ADA can stay above 1$ for the rest of the year. the market is in a bad situation right now. and this will continue, why I believe because too much negative news keeps popping up. FUD is growing fast putting the market under pressure. And this will indirectly impact the price of Cardano. because of this I am pessimistic that ADA remains above 1$.

Kadal Ijo

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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?

Of course, this is not impossible, I also consider Cardano as my long-term asset, but considering the market situation that has not yet recovered, we have to wait a little longer.

viananda2525

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Quote from: Joshapat on July 13, 2021, 10:34:08 AM

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.

okay , smart contract feature could be main trigger for cardano future price. Many investors still waiting how cardano platform work. Could it compete with existing platform in market with providing efficiency and another upgrade feature that haven't in other project. Current condition be dilemma for us if want buying cardano, first market still facing uncertain condition which is will influence the price and second smart contract not release yet. Wait and see maybe be most majority investors decision .

Captain-Cryptory

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Quote from: nomenclatur on July 11, 2021, 09:37:59 AM

because Cardano has made improvements so fast and that makes Cardano increasingly popular

Good point which is proved by eToro statistics. "Cardano recently eclipsed Bitcoin as the most held crypto on eToro US in Q2 of 2021..". Nevertheless thinking of 20$+ near end of year is a fairy dream. I would consider 5+ years window for Cardano to reach such a price. $3 -$4 + would be more realistic goal for ADA to be reach this year providing there will be no disruptions of the team's plans.

lenovop-70

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Definitely yes, Cardano is a big chance to get rich. Its still make me profit since im with it on last 3 months. Cardano chart is health and predictable, and by end of year when BTC arise once again, it could be hit 20$ like OP ask. I think Cardano's chart has similiarity with BTC chart.

BobK71

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Quote from: Distinctin on May 13, 2021, 06:21:49 PM

Just look into the market chart, ADA now is started to drop and if this going to continue, $20 is meant to be hopeless. But the fact that ADA doesn't have that potential since before, I don't wonder why it falls.

People saying it will go high like reaching $20 is purely a joke. No, that seems impossible, right? I don't usually listen to speculations because that is certainly not accurate. I have a bad experience with ADA before, I lose my money with this coin thinking that it gives me profit but unfortunately, I never had it but just losses.

Cardano price increasing regularly. Its price was $0.15-0.2 a few months ago. In a short span of time, its price has crossed $1.2. However, according to its total supply, it is very difficult to get the price at $20.

LUCKMCFLY

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Cardano has a great opportunity, although the price of BTC is in high volatility, if BTC rises it can be a great result, but the trend for Cardano is bearish in the short term, as shown:

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Cardano cut through the $1.25 support level as the coin fell down by 3.9% over the last 24 hours. The alt’s price could keep cascading down below and finally, find support at the $1.15 level before it shows a reversal. The alt has been steadily moving south thanks to a downtrend since the end of the first week of July owing to which, ADA stayed within a sell-off zone for the last couple of days.

Source: https://ambcrypto.com/cardano-tron-aave-price-analysis-14-july/

Uncertainty still reigns in the market, in the short term a bearish environment continues to be observed, but we must wait. anything can happen.

LUCKMCFLY

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At this time, the ADA bulls have not decided yet to take the price to a high level, because the market uncertainty still persists, they are only defending levels against the attack of bears and the bulls are buying in the dip, I think that is the most smart things to do for now:

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If the price turns down from $1.28, it will indicate selling on minor rallies and that will increase the prospects of a decline to $1.10 and then $1. Alternatively, if bulls push the price above the 20-day EMA, it will signal strength. The ADA/USDT pair may then rise to the 50-day SMA ($1.46).

Source: https://cointelegraph.com/news/price-analysis-7-14-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Taking into account that BTC may give a bullish movement in the medium term, the ADA bulls are waiting for this movement, most of them trust these predictions, otherwise they will have to continue defending the Cardano levels.

rhodelmabanal

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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 an amazing altcoin but I think 28$ is impossible to reach this year. I think it takes a lots of year for Cardano to reach the 28$ price. Current price is 1.26$ it is really far from the 28$ that you have mention, I think is is really impossible to reach 28$ ATH because the market is also slowly dropping this time.

Chato1977

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Quote from: LUCKMCFLY on July 13, 2021, 07:10:32 AM

Many of the traders and investors have some doubts about the movement of the currency, it is likely that many are waiting for the direction of BTC for them or buy or sell:

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Both moving averages are nearly flat and the RSI is above 44, indicating an equilibrium between buyers and sellers. This advantage will tilt in favor of the bears if the $1.28 support gives way. That will clear the path for a possible drop to $1.20 and then $1.10.

Source: https://cointelegraph.com/news/price-analysis-7-12-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

Many are expecting a bearish move, but I have a slight hunch that BTC may rally and if it is that way ADA could be touching 1.7usd at best. Of course it is just speculation, the market could surprise, that is why there is still a lot of panic and market uncertainty.

Yes with price that cannot even break 2$?

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

That means another x10 must happen before this comes reality and i doubt that the cardano network has that capacity this year alone.

Sir Legend

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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.

LUCKMCFLY

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Many of the traders and investors have some doubts about the movement of the currency, it is likely that many are waiting for the direction of BTC for them or buy or sell:

Quote

Both moving averages are nearly flat and the RSI is above 44, indicating an equilibrium between buyers and sellers. This advantage will tilt in favor of the bears if the $1.28 support gives way. That will clear the path for a possible drop to $1.20 and then $1.10.

Source: https://cointelegraph.com/news/price-analysis-7-12-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

Many are expecting a bearish move, but I have a slight hunch that BTC may rally and if it is that way ADA could be touching 1.7usd at best. Of course it is just speculation, the market could surprise, that is why there is still a lot of panic and market uncertainty.

DOH!

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Quote from: nira09 on July 10, 2021, 06:49:28 PM

Cardano is a good project and has the potential to continue to grow, but to reach $20 USD this year, I think it's too much of a stretch. If Cardano can reach $5 to $7 USD that's great.

I agree with this statement. ADA has very respectable growth this year. Even Grayacale included ADA in their large-cap fund. A degree that shows it's really important and potential. But given the current market trends and the currently dormant BtC tractors, plus the large supply of ADA, it probably needs more than intrusive institutions like Grayscale. Lol
https://finance.yahoo.com/news/grayscale-makes-cardano-ada-third-140000077.html

777Jolami

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Quote from: LUCKMCFLY on July 10, 2021, 04:13:37 PM

ADA has remained in a lateral range, which does not indicate that there is an increase or decrease in the price although the BTC had a slight drop after having tested the $ 34k level, perhaps the Cardano bulls have not entered in action because they have not seen the need:

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On the daily time frame, Cardano (ADA) is accumulating power after a false breakout of the $1.47 mark. The rise may continue as the selling volume is low. If the altcoin comes back to the resistance, there is a good chance of seeing its breakout.

Source: https://u.today/btc-eth-bnb-ada-and-doge-price-analysis-for-july-10

Although ADA has not had any sudden movements, it is likely that many see great potential, because many highs when btc falls in price tend to fall precipitously.

What? Lol, No need to get too involved in the chart when predicting $20 for ADA, it's a long way off. What I'm interested in joining ADA is that they will integrate defi on their mainnet upgrade and it seems that Nexo's full testing of ADA into their system has shown promise to boost the value of their network. it’s comming
https://www.cityam.com/nexo-platform-launches-full-integration-of-cardano/

tabas

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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.

carlisle1

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Quote from: Kadal Ijo on July 12, 2021, 11:00:05 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?

Of course, this is not impossible, I also consider Cardano as my long-term asset, but considering the market situation that has not yet recovered, we have to wait a little longer.

You just said about long term asset right? if you do believe with this project I'm sure that whatever
happened and how long it might take keeping your trust will stay until you really see the fulfilment of your target.

Very important to every investors to go deeper with the asset that they'll choose to invest their money, it's all about how
you deal with your research and your good understanding about the project that you are supporting.

After everything, waiting will lean to how you entrust everything from the team.

nomenclatur

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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 to reach the $20 price it's very impossible to reach it for the end of this year you can see it later because the current price is still so low if it can break through the $5 price first it will be something quite surprising because Cardano has made improvements so fast and that makes Cardano increasingly popular plus the number of new investor enthusiasts who continue to make ADA higher the price does not rule out the possibility that ADA will become a top coin with high prices in the future.

Topic: Can Cardano really reach 20$+ near end of year? - page 7. (Read 2760 times)