Can Cardano really reach 20$+ near end of year?

[monineklutak]

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

[conected]

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.

[Fredomago]

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.

[LUCKMCFLY]

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:

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/

[LUCKMCFLY]

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:

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.

[MCobian]

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.

[Xinarae*]

ADA's place in the top 5 in the general market is very solid. They have great technology and they were in 3rd place the previous day. At the moment, the possibility of $ 20 is impossible, but in the coming years, ADA will always be on top. It may meet its $20 target one day.

In fact, depending on the price of bitcoin the price of currencies goes up, so it's hard to predict that any project could reach $ 20 by the end of the year. The value of the cardano currency will rise but it will take a long time to reach $ 20 as the value of these currencies has started to fall due to the decline in the value of bitcoin.

[MishaSER]

The answer is very simple, when bitcoin bitcoin is worth x14 of the current price then there is a chance that ADA will be worth $ 20.

[btc78]

The answer is very simple, when bitcoin bitcoin is worth x14 of the current price then there is a chance that ADA will be worth $ 20.

x14 meaning Bitcoin will reach almost 1 million USD ? that's the only way that Cardano will step on 20$ 

Meaning this is impossible to happen this year or even in the next couple of years.

64k is the recent ATH of Bitcoin then x14 will be 896k USD? 

[ahoenk]

$20 for cardano mean $640billion in matketcap. $640 billion matketcap can be reach by Bitcoin in 10 years. Cardano was created in 2017 if im not mistaken. Then we will see cardano at that price in 2027 if nothing goes wrong. If cardano failed so probably we will never see that price for cardano. Be realistic then you wont get rekt on the market.

[7788bitcoin]

$20 for cardano mean $640billion in matketcap. $640 billion matketcap can be reach by Bitcoin in 10 years. Cardano was created in 2017 if im not mistaken. Then we will see cardano at that price in 2027 if nothing goes wrong. If cardano failed so probably we will never see that price for cardano. Be realistic then you wont get rekt on the market.

Everyone is dreaming about higher valuation irrespective of logic and so is the reason everyone is dreaming about $20 for Cardano irrespective of the number of coins in circulation. I did not calculate about the total valuations but if i go by the way you calculated then it is excessive and i have heard about a big upgrade coming up for them and it can boost the price but i doubt we will see $20 anytime soon.

[MishaSER]

The answer is very simple, when bitcoin bitcoin is worth x14 of the current price then there is a chance that ADA will be worth $ 20.

x14 meaning Bitcoin will reach almost 1 million USD ? that's the only way that Cardano will step on 20$ 

Meaning this is impossible to happen this year or even in the next couple of years.

64k is the recent ATH of Bitcoin then x14 will be 896k USD? 

No, this is about 36k from the current price, that is, about 500k, but that's about. This can happen at 200-300k per bitcoin. After all, everything is very simple when altcoins get too close to bitcoin and it is harder and harder to make huge profits.

[Desscount]

no, $20 for cardano for this year I assume it will not be achieved,
but for the future or 5 years it might be achieved, because this year the target of cardano aa is at $ 5,
if it is possible to $ 10 then it is very amazing can happen, I think realistically, not dreaming

[leea-1334]

$20 for cardano mean $640billion in matketcap. $640 billion matketcap can be reach by Bitcoin in 10 years. Cardano was created in 2017 if im not mistaken. Then we will see cardano at that price in 2027 if nothing goes wrong. If cardano failed so probably we will never see that price for cardano. Be realistic then you wont get rekt on the market.

People do not see what is realistic anymore in crypto and I guess when memecoins go from zero to millions,,, out of thin air in one magic moment, then they are totally blind to simple market cap calculations.

These are crypto speculators remember,,, not actual economics students:)

[bitterguy28]

$20 for cardano mean $640billion in matketcap. $640 billion matketcap can be reach by Bitcoin in 10 years. Cardano was created in 2017 if im not mistaken. Then we will see cardano at that price in 2027 if nothing goes wrong. If cardano failed so probably we will never see that price for cardano. Be realistic then you wont get rekt on the market.

Not because Bitcoin reached that Market cup in 10 years meaning Cardano will do the same because when Bitcoin is starting the world knows nothing about crypto but now? almost every side of the world has the idea of how market goes so basically we can see possibiities in couple of years from now who knows?

[sarmrakib]

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 great project on crypto .I think they have shown to the crypto world how nice and well established ADA project is .The price is around 1.5$ and it is really possible to go and touch 10$ .I have seen many crypto project which has changed just within a hour.So i think as it is a good project why we could not see it on 20$ soon.

[bitterguy28]

20$ ?? thats sound impossible for me
even bitcoin reach more than $100K, i never think if cardano will touch that price level before this year end

Impossible for now but eventually when time passes by then for sure the price will climbs up.

ADA is one good coin and a good project so i believe in its potential but an early hype is not happening any time soon.

[Hughes_Ryan]

With the upcoming mainnet migration, combined with the addition of Defi.  Institutional investors are targeting a huge value push for ADA this year.  it's in the $2 zone.  More realistically $10 at the end of the year - but remember, the bitcoin trend has to be in sync, it's the impact needed for the altcoin bull run to work.  ADA has had a very healthy year of value growth without the hype imo.

[TomArayaSlaya]

Still struggling with 2$ so basically I think the only thing to change that will be smart contract and some other functionality

[killerfrost]

It won't come until the end of 2021, I see a lot of people exaggerating it but in reality I know it's good and has more potential, but we need to be more realistic with this. ADA needs time for them to be able to do what we still expect, and I think the amount of time this coin should be in the range of 3 - 5 years for it to create a ecosystem. big enough.