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

[carlisle1]

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.

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[tabas]

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.

[777Jolami]

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.

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/

[DOH!]

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

[LUCKMCFLY]

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:

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.

[Sir Legend]

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.

[Chato1977]

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:

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.

[rhodelmabanal]

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.

[LUCKMCFLY]

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:

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.

[LUCKMCFLY]

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:

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.

[BobK71]

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.

[lenovop-70]

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.

[viananda2525]

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 .

[caffu chino]

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$.

[conected]

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

[BobK71]

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

[LUCKMCFLY]

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.

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.

[LUCKMCFLY]

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:

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.

[LUCKMCFLY]

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

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.

[yohananaomi]

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.