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

[LUCKMCFLY]

The outlook for ADA looks clearer, the security that is seen for the currency is greater, even much more than for BNB, whenever ADA is analyzed it is compared to BNB, but this time ADA is taking more advantage:

The fifth-ranked coin on CoinMarketCap saw a 16% price gain since June 12. The $1.35 mark has been acting as strong support for ADA after the May 18 price dip. Bollinger Bands for the asset diverged, depicting an increased price range and volatility. ADA traded at $1.5 at press time and its 30-day volatility was 1.87.

Source: https://ambcrypto.com/xrp-cardano-bitcoin-cash-price-analysis-15-june/

The most important of all this is that BTC is the one who is directing the direction of the market, ADA for now continues to become one of the best options to invest.

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[Fredomago]

The most important of all this is that BTC is the one who is directing the direction of the market, ADA for now continues to become one of the best options to invest.

It's getting near again with what you have said as strong support currently residing @ $1.39 according to CMC,
still standing strong though since Bitcoin is experiencing downfall.



And yes, Bitcoin is pointng or directing the market that really affects the entire market, Patience and good instinct with each assets that you wanted to invest your money is all you needed from this industry.

[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

I feel that  no one can give to that  the answer better  than this man said:


https://forkast.news/cardano-marlowe-ada-smart-contracts/

As  I have already said ADA in my portfolio performs better than  BTC when looking at both coins  at dollar angle. I'm expecting this tendency will only solidify during the course of this year. IMO, bearish trend for ADA is illusive.

The truth is that the chart is spectacular and it is not far from reality at all, there is a great opportunity now that the btc has a sustained recovery and looks very stable for the ADA investment, the figure shown for ADA I see as a zig-zag, but I think it is because of the recovery of BTC, if BTC rises it can give a stagnation in it, but as soon as there is a very small correction I think that the ADA bulls will have the opportunity to see the currency grow by confirming that the BTC trend is totally bullish, for now it is good to wait and operate with moderation.

tradingview.com

The most important of all this is that BTC is the one who is directing the direction of the market, ADA for now continues to become one of the best options to invest.

It's getting near again with what you have said as strong support currently residing @ $1.39 according to CMC,
still standing strong though since Bitcoin is experiencing downfall.



And yes, Bitcoin is pointng or directing the market that really affects the entire market, Patience and good instinct with each assets that you wanted to invest your money is all you needed from this industry.

Thank you very much for the update, in fact this coin has great potential, if everything goes we could see that ADA investors could enjoy good short-term gains.

[Boomber]

In my opinion, with the current state of the market (bear run), it is very difficult and probably won't happen for the price of ADA to reach $20 near the end of the year, because with the current market condition, it is very difficult for altcoin prices to rise very high, even though maybe there will be a bull run, but I'm also not sure if the price of ADA can reach $20 near the end of the year, because the price is very far from the current price, so it is very difficult to happen.

[yohananaomi]

the price of cardano now on coinmarketcap is only $ 1.40 while if you want the price of cardano do $ 20 must experience a significant increase until the end of the year. this is very difficult and not even possible. but we don't know because in the crypto world everything is full of surprises, cardano could have a big surprise like this year's doge we don't know when

with the current price as you say in the range of $ 1.40 of course to reach the price of $ 20, obviously need to work hard because the difference to be pursued is about 10 times more.
we know that ADA's last ATH was $2.45 - May 16, 2021 at which time bitcoin had reached the $56K range, how much bitcoin will be achieved this year if ADA wants to be able to reach $20, obviously quite high and possibly even with hard work it will not can be achieved by the end of this year, maybe next year if ADA also wants to work hard.

[LUCKMCFLY]

Now Cardano has a great recovery, the bullies decided to give their first counterattacks, there are already several candles in Green OCN a considerable volume, but it has a somewhat slow growth but safely, anyway the BTC movement that can change All these scenarios:

ADA was trading at $1.27, at press time, after recovering from its fall under the key support level at $1.23. The press time resistance for the altcoin was $1.38, a level that can be tested if ADA’s price gain continues. The fifth-ranked alt noted a 7-day price fall of 18.04% whereas its 24-hour price saw a hike of 7.06%. Bullish momentum can be observed building on the Awesome Oscillator with the appearance of green bars.

Source: https://ambcrypto.com/ethereum-cardano-solana-price-analysis-23-june/

Now you can expect the best, if everything goes well we could see that you bought in the DIP made one of the best investments in Crypto.

[HaekalZ]

I'm not sure that Cardano (ADA) can reach $20 at the end of the year.
because the growth of this altcoin unfortunately keep getting stuck these days, i know the main reason is because BTC is falling down to earth, but still, i don't really think that ADA can hit $20, but if about 2022 or 2023, there's a high possibility that this coin can hit $20.

[LUCKMCFLY]

ADA has a sustainable growth, for now the price has won a lot, but everyone is waiting for it to reach a level of prcens close to 1.94USD, however we must wait:

If they succeed, the ADA/USDT pair could witness long liquidation and a drop to $0.80 and then to $0.68 may be on the cards. Alternatively, if the bulls push the price above the moving averages, the pair may rally to $1.94.

Source: https://cointelegraph.com/news/price-analysis-6-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

For now for the price to reach 20usd it is very difficult, especially if the price of BTuda, although 20usd is not a crazy figure at this time in the short term it is showing signs of recovery, that is, it is on the right track.

[HaekalZ]

yes, I'm very optimistic about it, I'm 100% sure CARDANO (ADA) can reach $20, even based on my observations, CARDANO can reach more than $20 around $50 by the end of 2022.
CARDANO has a great platform and the developer team are doing very well these days.

[LUCKMCFLY]

In the short term, the price of ADA looks very bearish, but it is not to panic, because the BTC is in enormous uncertainty, for now you must be patient, the price of ADA the bulls are defending it tooth and nail, This technical analysis can give us an insight into what the behavior is:

The ADA/USDT pair could then drop to $0.68 and if the selling intensifies, the decline could even extend to $0.40.

However, the bulls will have other plans. They will again try to defend the $1 support. If they succeed, the pair may break out of the 20-day EMA and rise to the 50-day simple moving average ($1.61).

Source: https://cointelegraph.com/news/price-analysis-6-25-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

To all those who have ADA, my advice is not to despair, after every storm the sun rises, and the market is like that, more in crypto, anything can happen and volatility is the ingredient that causes the most emotions.

[carlisle1]

In the short term, the price of ADA looks very bearish, but it is not to panic, because the BTC is in enormous uncertainty, for now you must be patient, the price of ADA the bulls are defending it tooth and nail, This technical analysis can give us an insight into what the behavior is:

The ADA/USDT pair could then drop to $0.68 and if the selling intensifies, the decline could even extend to $0.40.

However, the bulls will have other plans. They will again try to defend the $1 support. If they succeed, the pair may break out of the 20-day EMA and rise to the 50-day simple moving average ($1.61).

Source: https://cointelegraph.com/news/price-analysis-6-25-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

To all those who have ADA, my advice is not to despair, after every storm the sun rises, and the market is like that, more in crypto, anything can happen and volatility is the ingredient that causes the most emotions.

Never to trade with your emotions above you, the chance that you'll going to make a big mistake is very high,
it's better to let the market move and if you don't have any business on it don't participate or think of investing.

Likewise, ADA or any crytpo asset have that chance to move upward, if more of  th0se supporters will hold and forget about selling their asset.

[LUCKMCFLY]

Cardano this time is resisting the bearish bid, it really is one of the most winning coins despite, also the ADA bulls are doing a great job, the price of BTC has fallen back, but when checking the ADA chart it looks great :

Even though Cardano (ADA) has shown the least growth, it has successfully bounced off the support at $1.27, having confirmed the bulls' pressure. If the trading volume increases, there is a good chance of seeing a test of the resistance at $1.47 soon.

Source: https://u.today/btc-xrp-and-ada-price-analysis-for-july-9

It is not necessary to fall into triumphalism, the BTC market can give any surprise, whether it is bullish or bearish style, many expect it to be bearish, you have to be very restrained with respect to the market, the uncertainty of the market still reigns.

[Sir Legend]

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?

There is still hope to reach $ 20, there is nothing difficult in crypto, the market can skyrocket up to hundreds of percent is normal, if the september market is still like now of course the highest price that can be achieved is around $ 3.

[LUCKMCFLY]

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:

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.

[CaVO32]

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?

There is still hope to reach $ 20, there is nothing difficult in crypto, the market can skyrocket up to hundreds of percent is normal, if the september market is still like now of course the highest price that can be achieved is around $ 3.

Yes, the possibility is always there especially ADA is already in the top 5. It means, it has great potential. However, $20 is a lil bit high for this year. But if ADA will be aggressive in their developments, and projects will be built under their network, the chance of increasing its price is high. However, be conservative with estimates because $20 I believe, is still high for ADA to attain this early. We need to see more updates from this network.

[nira09]

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.

[bittraffic]

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.

It's possible because many companies already express interest in Cardano and a lot of investors are mostly staking this token. It will have a higher price than what it is today.

The users in facebook group are already asking how to create tokens using Cardano's blockchain. I suppose this one will have more investors coming when the final Alonzo stage is released.

[Handsome Boy]

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?

I'm not sure if the price of ADA can reach $20 at the end of this year, because in my opinion it is very far from the current price, especially now that the market has not recovered, so it is not easy for the price of ADA to increase when market conditions are experiencing a correction, therefore in my opinion the price of ADA will probably only be able to reach $3-$5 by the end of this year.

[yohananaomi]

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?

I'm not sure if the price of ADA can reach $20 at the end of this year, because in my opinion it is very far from the current price, especially now that the market has not recovered, so it is not easy for the price of ADA to increase when market conditions are experiencing a correction, therefore in my opinion the price of ADA will probably only be able to reach $3-$5 by the end of this year.

it looks like your belief can make sense if you look at the ATH $2.45 May 16, 2021 that ADA has achieved, of course if you look at it must be up to $20, then there will be an 8x increase that will occur and of course if it happens with bitcoin it can certainly reach $400K . if it's going to happen, obviously it probably won't be possible given, the $5-$8 range that the ADA might be able to achieve, if it can get to $10 is definitely a very good achievement.

[nomenclatur]

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.