How can Cardano achieve $ 5 ? - page 2.

livingfree

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Quote from: crzy on September 19, 2021, 06:22:15 PM

Quote from: livingfree on September 19, 2021, 11:59:41 AM

Don't think about replacements. If you're goal is just to see it at a certain price like $5. Then, it only has to go more little of its half than it is today.

Ethereum is still superior and if there's another one that will replace, it won't be cardano.

ETH is still the top, this is the reality and even if ADA hits $5 it wont still replace ETH. We need to hear good updates, a strong one for Cardano to reach such price and it may take time for sure. Also, if there’s no bull market we can’t have that one even a strong project can’t go that much if we’re on a bear trend.

And that one that I'm talking, it's also far from replacing it.

People should just stop thinking about replacements in rankings and just look at the development of each of them. Because in the end, it's the one that will determine how valuable the coin is.

If they have a commendable development and that will also lift them in ranks.

Cryptosimar

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Before Cardano, maybe Solana would have been more proper to supplant Ethereum as far as GAS charges and with their genuinely fruitful venture building Solana to a level that was considerably more seen by huge financial backers. I saw after ADA made its own organization thus far no critical improvement has been found in the period in the wake of opening. Indeed, the cost is very a long way from the cost before they dispatched the private organization. In the interim, Solana is now in front of ADA as far as improvement.

zulfi125

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Cardano's price will reach above $5 by the end of 2021 because more projects will be launched in Cardano and the usage of Cardano will be increased but ETH will be no.2 and gas fees will low than ETH.

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Technologically cardano is a very weak project and now there is no fuel for further growth. Development is going on for a very long time and it is definitely not worth expecting that soon everything will be different the price is likely to go for 1 dollar rather than 5.

I disagree with this statement. In fact, ADA hasn't touched 5$ yet but the big reason I suspect is that they arrived later than the defi party in March. While they just upgraded the Smart contract on the mainnet Alonzo( 12th 9). it's called a programmable validator (as Benkort explains). In fact, ADA is up over 1700% since January up to its latest ATH. Among the altcoins that might stand out this year, I think ADA is part of them. If defi 2.0 comes back in the near future, surely ADA is ready to topple the $5 mark

RussianEnglishTranslation

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Quote from: robinator on September 19, 2021, 11:06:56 AM

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? Huh

Cardano isn't going to make it. If you compare it to something like NEAR protocol, it doesn't hold a flame to it. Ref Finance has 2 second transaction finality and 8k TPS. The AMM also has yield farming and is constantly adding new features. AMMs on Cardano can only do 1 TPS and farming isn't live. The estimated TPS for normal transactions on Cardano is 45 TPS, that's barely faster than Ethereum. I see no advantages to using Cardano even over Ethereum.

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Quote from: robinator on September 19, 2021, 11:06:56 AM

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? Huh

If the target price for Cardano is $5 in the short term, that can happen as we know how good Cardano has moved so far. So it is not too difficult for Cardano to reach $5 but that will depend on bitcoin price moves.

But I doubt Cardano can replace the Ethereum position because Cardano offers a small gas fee. After all, Ethereum is still the favorite of people and investors. But if that is long-term for the Cardano project, I think that will be possible because everything can happen in the future. So far, we can wait for Cardano to reach $5 first and then reaching the next high target price and that could be at $10.

goku19

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Quote from: timerland on September 19, 2021, 10:01:08 PM

I think that at the end of the day, the ADA network is probably going to be subject to similar issues if adoption actually picks up.

ETH2.0 holds a lot of potential and could shut down this narrative that ADA will flip ETH as a matter of time.

I would definitely hold Cardano as a hedge in case ETH gas fees stays high, but $5 seems out of the question for now given the bear market is looming.

Yes if ETH gas fee stays high then holding Cardano would be a good choise, well holding cardano in any way is a good choise but 5$ is very far now and i dont think its gonna reach there any time soon.

timerland

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I think that at the end of the day, the ADA network is probably going to be subject to similar issues if adoption actually picks up.

ETH2.0 holds a lot of potential and could shut down this narrative that ADA will flip ETH as a matter of time.

I would definitely hold Cardano as a hedge in case ETH gas fees stays high, but $5 seems out of the question for now given the bear market is looming.

peter0425

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Quote from: robinator on September 19, 2021, 11:06:56 AM

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? Huh

cardano is a good coin and having a great year this 2021 but expecting a much bigger price will be depending on how this market reacts because Bitcoin is still the deciding factor.
there might be opportunity because of Ethereum high fee that people will convert using ADA instead but the thing is the support for ethereum specially new project is indeed still upgrading and now that NFP is also taking close to ETH network.
so I think if there is highest ADA can reach this year is 3$ and that 5$ target will take another years to achieved .

Fundamentals Of

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It is possible for Cardano (ADA) to reach $5. That will happen if the next bull run will be so huge even the top altcoins like Cardano (ADA) will benefit from it. But let us not continue to position the Cardano project as a replacement of Ethereum. Let Cardano be Cardano and Ethereum be Ethereum. Ethereum has made a lot of things in the crypto industry already. Cardano came late and has not yet accomplished the achievements of Ethereum. The gas fee issue is never enough for Ethereum to be replaced with any other altcoin.

evichi

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Cardano is waxing strong. It has the attributes that can make its value grow even higher. At Coinmarketcap, Cardano price is $2.25 as at 20/09/2021. Cardano blockchain have some similarity to that of Ethereum such as -the ability to establish smart contracts as well as DApps, etc. Though, Cardano is new in terms of having smart contracts and DApps in its blockchain when compared to Etheruem, it has some advantages over Ethereum. (See post: https://bitcointalksearch.org/topic/m.57924648). While Ethereum blockchain is made of Proof-of-work, Cardano blockchain is Proof-of-Stake. Proof-of-Stake has some advantages over Proof-of-Work.

Ethereum is working towards being Proof-of-Stake (Project: Ethereum: 2.0), but Cardano is alreeady Proof-of-Stake. The comparison is necessary so that we can see the potentials of Cardano growing. I think Cardano can make it to $5 in about one year from now - hopefully if more DApps and Smart Contracts are built on its blockchain.

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Since it got its rank up base on its cap, ADA has more to offer than any project out there. However, the price dips after this Alonzo update. Looks pretty normal to me since the market is just overbloated.

It may take weeks before jumping up again. Traders are more confident now that they have gathered a lot of ADA and maintains it on the exchange so they could accumulate more of it. They will not stake but just accumulate ADA through trading thinking its market is very predictable.

GreatArkansas

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I believe that number is possible for Cardano (Ada) too, ADA got a high market cap now but there are new competitors that keep popping. And not only Cardano experience this, but also Ethereum. Which is a smart contract platform too.
This kind of huge percentage increase can be achievable, but we should also consider Bitcoin because most of the high market cap coins now are following Bitcoin, so I once Bitcoin will create a new all-time-high I believe the $5 for ADA is achievable.

cryptoaddictchie

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Quote from: robinator on September 19, 2021, 11:06:56 AM

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? Huh

Thats a big challenge to them but Im gonna bet my money it wouldnt happened. Ethereum is build and famous among cryptocurrency community. Beating it is like needing the support of everyone using it, so do you think it can be done easily? As far as we know cardano still have problem with their net integration, and its not gonna be an easy task to atrract users of eth to migrate to cardano just like that.

Luqman

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When do you think Cardano to reach $5? If you mean the maximum price to reach this month, it is difficult to reach. I know Cardano is a good coin and many people are interested to invest their money there. But Cardano isn't free from the case against SEC. This probably can be the obstacle for Cardano to soar instantly. I think Cardano just can reach $2.5 this month, and $3 in the next month.

finaleshot2016

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Consider it as a supplement rather than a replacement, as both of them are performing admirably at the moment.

Many projects are being developed in ERC20, and development in ADA is still ongoing, so both are moving forward at the moment, and developers are doing their best to make these coins and their blockchain more beneficial for users. ADA is a good project; I'm an ADA investor, and their goal is extremely entertaining; even the roadmap suggests that they may reach the top like other altcoins like BNB and ETH.

crzy

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Quote from: livingfree on September 19, 2021, 11:59:41 AM

Don't think about replacements. If you're goal is just to see it at a certain price like $5. Then, it only has to go more little of its half than it is today.

Ethereum is still superior and if there's another one that will replace, it won't be cardano.

ETH is still the top, this is the reality and even if ADA hits $5 it wont still replace ETH. We need to hear good updates, a strong one for Cardano to reach such price and it may take time for sure. Also, if there’s no bull market we can’t have that one even a strong project can’t go that much if we’re on a bear trend.

shinratensei_

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Quote from: robinator on September 19, 2021, 11:06:56 AM

But what will make it achieve $ 5 and when will it happen?

It will reach $5 caused by the adoption. These days the adoption rate for the ADA smartcontract was not so high compared with another blockchain like BSC. The daily transaction is still less compared with the BSC.
None knows about when ADA will reach $5 and only the time will tell us.

Quote from: robinator on September 19, 2021, 11:06:56 AM

Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? Huh

I will not. There's no reason for ADA to replace ethereum. i do believe that if these platforms will be co-exist instead of replacing one and each other. The competition was very strict but there's no way for new platform to destroy the old one. So many old stories about this happened in the past but the result will always be the same if ethereum will become the big crypto .

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yes wait $5 will be a long road that will have to be traveled with so much coin that there is no wonder have this price of $2 yet. I don't know why need to have so much coin. well i'm not an expert in this area so i don't understand why have so many coins, but don't expect $5 so soon

Quote from: velhoti on September 19, 2021, 04:40:44 PM

Quote from: robinator on September 19, 2021, 11:06:56 AM

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? Huh

Where came those forecasts? Which concept they use to predict?
Predict the future can be tricky, sometimes things do not happen as expected.

It is clear that this prediction is from someone who is dreaming big so soon

Shallow

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Quote from: robinator on September 19, 2021, 11:06:56 AM

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? Huh

Most people are expecting a lot from ADA because of the smart contracts and all that, which is good in a way, as humans anticipate good things, but it is also very important to know that, things can work sideways especially in this crypto space. The smart contracts is yet to be tested and this is what will determine how far the ADA coin will get to, and so far it is yet to be tested a lot of people will have their reservations just to be on the safer side.
However to answer some of the questions, no expert will tell you when ADA will get to $5, you can only invest, think long term and watch it actualize. Secondly, no matter what ADA team offers and work on, it will hardly position itself to overtake Ethereum. Moreover, other blockchain networks with lesser fee and with already built blockchain network are yet to do it, let alone ADA.

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