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

[LUCKMCFLY]

ADA has been in uncertainty, just like most highs at the moment, I think the reason is because of the bullish momentum of BTC, and the highs have behaved in the same direction, however if we see the trading volume chart which indicates is growing, which suggests that it is possible that there are many buying in the dip:

If the price turns down from the current level, the ADA/USDT pair could drop to the critical support at $1. A bounce off this level may keep the pair range-bound between $1 and $1.19 for a few days.

Source: https://cointelegraph.com/news/price-analysis-7-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Seeing some highs and the behavior of BTC in the short term looks much more optimistic, now for ADA the direction has not yet been fully defined, perhaps the bulls are waiting for a general market outcome to enter into action more safely .

[Shasha80]

If the decline continues then there is no expectation that cardano can reach $20,but if this coin continues to be developed and the price of bitcoin increases again then the achievement at the end of the year for cardano will definitely happen, then if we have confidence with the coin it does not hurt to save at a time when the price is falling at the moment and we will definitely benefit at the end of the year.

I think it's impossible for Cardano to reach $20 by the end of this year, because Cardano's price is currently at $1.19. In addition to the end of
this year only a few months left, the current market conditions have not recovered. Indeed, if we see the Bitcoin market starting to rise to
the price of $33k, but that is still not enough for the crypto market to return to a bullish trend again. So the $20 target for me is unrealistic for
Cardano to achieve this year. But we can still make a profit from Cardano, with holding Cardano until the end of the year. At least Cardano can get
back to the ATH price it hit a few months ago.

[LUCKMCFLY]

ADA has now very good conviction, many bears sold in the ADA rallies, but the Toros de Cardano remained firm buying in the fall, I think that Ada is one of the strongest coins on the market, its potential has been demonstrated:

This may have reinvigorated the buyers who are again trying to push the price above the 50-day SMA ($1.33). If that happens, the ADA/USDT pair could gradually rise to $1.50. This level may pose a stiff challenge for buyers but if they can overcome it, the pair could start its northward journey toward $1.94.

Source: https://cointelegraph.com/news/price-analysis-7-28-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

It is a very good time to think that Cardano can reach the 1.94USD, I also dare to say that it can reach $2 if everything goes well.After Powell's statements, the BTC market began to recover much faster, perhaps this type of statement not only helps BTC, but also ADA, which has recently had a lot of acceptance at the level of bookmakers and casinos.

[irixo10]

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 good coin, I don't doubt it a bit, in fact it is one of my best coins which I hold, but even at that, I think giving such prediction or speculation about ADA is kind of we are expecting much from the team when they haven't done much as well or will I say it is too much. The reason for this is, when we look at coins which have grown so much and unexpectedly pumping so much that they took many people by surprise we talk of coins with already working blockchain on which many projects are listed, launched on and developing their use case on that network. A good example for clarification is BNB, we can remember the price of BNB last year, then when BSC network went online and started getting more attention due to low fee etc, the price of BNB shot up, and as more projects launched it also contributes to it, and look at the price today; although coin burn also helped.
So I would ask, how many projects are leveraging the ADA blockchain? Until more projects starts finding it easy to launch on ADA, I think the price of ADA might find it hard reaching 10$ let alone $20. More projects on a blockchain brings more investors to that blockchain.

[v3liana]

We can see that price if we're in the big bull run again in the end of this year, but my realistic target is only $5.
For me ADA is one of the best coin in cryptocurrency she has strong fundamentals, you can run smart contracts on it and has multiple fuctions beside it.
No  stupid high gas fees and it has one of the largest market cap in the world and founded and perfected by a genius. So, theres no reason for me to not invest on this coin.

[conected]

can't seem to reach it if the cardano reaches $20 this year. I just think Cardano's target can be reached maybe only $7 this year. maybe it's a realistic thing, cardano is not a bad coin but it takes a lot of stages

- Capitalization is evaporating and moving somewhere outside of the crypto world, I can only say that we are not running parallel to the bull season, so the record breaking target of most altcoins is also unlikely to be established this year, their prices may be stable, which is coincidentally a good thing, $7 or $20, it was just a funny prediction. Especially with altcoins that are not as good and not as bad as Cardano, the only satisfaction about it is just a small and stable value, the community has never expected it to increase too much.

[LUCKMCFLY]

For now the options to see Cardano at a price like $ 20 are fading, although it is not impossible, the technical indications are not very good for now, as this technical analysis shows the following:

Red signal bars were seen on Awesome Oscillator, indicating built-up of bearish pressure, MACD on the other showed green histograms, which were declining. A price reversal could also make the coin trade above its immediate resistance level of $1.38.

Source: https://ambcrypto.com/cardano-aave-and-zcash-price-analysis-05-august/

It should be noted that not everything is bad, although these short-term analyzes indicate falls, ADA is formally entering Japan, and seeing the long-term effects it translates into higher demand, which could bring a price increase in the currency.

[cabron]

Currently, Cardano is one of the best altcoins to invest in long term, but I don't think ADA will reach $20 later this year, even though the market is recovering now, but Cardano still takes time and a long process to reach that value, I think  $5 is a fair price for Cardano to close this 2021,

That's even if it can get to $5 by the close of this year, because there is still a possibility not to reach it, because the current price is still very far from reaching $5, although in general Cardano is a good coin and is in the top five cryptocurrency rankings.

Well, it seems to be beating the marketcap of the above coins and its price is more than $2 which we have 5 months ahead to watch this project unfolds its potential when Alonzo is going to be launched. A fully smart contract platform will arise better than what we have been speculating such as DOT and BNB. By the rate of the investors staking ADA, the supply in circulation is just too small for it not going to be bought by the big spender.

[ZAINmalik75]

Its will be difficult but not possible for cardano but according to his movement many crypto enthusiast has taught that at the end of the year cardano can hit around 10$ . so I am also agree with them because I know cardano has a stronge fundemental but hitting 20$ need too much volume which unfortunately cardano hasn't.

[wheelz1200]

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?

Honestly it's tough to price predict alts because of the reliance on bitcoins price.  If bitcoin goes over 100k I can see cardano getting to like max $10 but what if bitcoin goes to 20k?  $20 seems insane of a price valuation.  So it's a little silly trying to Guage altcoin prices in usd.  Peg them to sats and its a little easier.

[cabron]

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?

Honestly it's tough to price predict alts because of the reliance on bitcoins price.  If bitcoin goes over 100k I can see cardano getting to like max $10 but what if bitcoin goes to 20k?  $20 seems insane of a price valuation.  So it's a little silly trying to Guage altcoin prices in usd.  Peg them to sats and its a little easier.

The dominance of ADA increased beating BNB in the 3rd position. ADA right now is about $2.80is a big leap for ADA since its launch of smart contract this September is speculated by investors. It's very exciting to see how the market reacts after the launch because normally investors will also be selling after it. But the preparation of the release was already ironed well since there are tokens also migrating to ADA along with this launch.

I'm not sure whether to sell my holdings after the launch.

[SyndicateLabs]

Yes, important news about the upcoming ADA is creating the initial effects for a boom. Personally, I am also very confident with ADA, but actually if it hits $20 by the end of the year, it will be really impressive because it can surpass many leading names in this field.

[xmonkeyx]

the opportunity is of course there because nothing is impossible everything can happen but I think $20 is very high because at this time the price of cardano coin is starting to fall slowly even though many people say that the price will return high when the bull market comes but I as a The coin holder thinks realistically that the $20 price is too high.

[Chato1977]

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 climbing now to above 2.5 dollars  https://coinmarketcap.com/currencies/cardano/

but to break that 20$ the capitalization must increase from now , 90 billion dollars to almost a trillion .

do you think this coin can get close to Bitcoin  and make 3x higher to Ethereum?

[kotajikikox]

Am no sure if this appropriate but one thing is certain that Cardano had created an ATH this year so for me this is enough reason to celebrate as we are already in gains of more than x2 of our capital.
as asking for 20$ is bit too much for this year alone , but I think in the next halving of Bitcoin , ADA will make it there (if being maintained at least 2-5$ value this year and the next before halving)

[Desmong]

I also dare to say that it can reach $2 if everything goes well.

And I dare to say that ADA will reach at least the previous ATH or even exceed it  by the time of Alonzo fork in mainnet. It is expected to happen in the beginning of September and if things go well Cardano get the full smart contract capability i.e. the most wanted feature in eyes of institutional investors, AFAIK. I'm steadily buying to increase my staking power. So far, the price is affordable to do this.  

Yes ADA is going to go far which is sure depending on the Bitcoin market cos all the altcoins used to dance along the movement of Bitcoin. If ADA is able to reach $20 for pair, then that means that Bitcoin would be at the price of $100k making other coins which is very versatile like Ethereum, BNB and other to skyrocket too reaching by there peek. The market is very positive now and u think the market is going to make things happen now that Bitcoin has reached $50k which is a good sign that much is expected from the market.

[Beparanf]

The price 20 USD for Cardano is quite a lot in my opinion. Even the current price seems quite high to me to invest, but things are different in this market. It is quite difficult to reach even 10 dollars by the end of the year.

Yeah the current price is already a miracle. The price will suffer a big drop before the smart contract launch on September 11. There's no big deal already on smart contract because it was already use by many different blockchain project while Cardano is only at the beginning phase on introducing it. People that hyping and FOMO buying of this coin will surely suffer once whale who manipulate the market will take profit. It's better to invest on Solana or Matic rather than Cardano which is 2 years late on blockchain development. This guys focus there resources on marketing rather than blockchain research. Buying ADA tight now is just buying a knife that soon gonna stub yourself.

[stadus]

Am no sure if this appropriate but one thing is certain that Cardano had created an ATH this year so for me this is enough reason to celebrate as we are already in gains of more than x2 of our capital.
as asking for 20$ is bit too much for this year alone , but I think in the next halving of Bitcoin , ADA will make it there (if being maintained at least 2-5$ value this year and the next before halving)

Most likely because $20 means x10 of its current marketcap which is  $90 billion means it will increase to $900 billion which is similar to the marketcap of bitcoin now. With that, we can also assume that bitcoin will increase its price as it's unlikely for altcoins to rise when bitcoin is struggling, so in my estimated, bitcoin will be trading $200k to $300k that time, hope these things will happen but the likelihood of happening is quite low this year.

[Rehan Zakir]

The price 20 USD for Cardano is quite a lot in my opinion. Even the current price seems quite high to me to invest, but things are different in this market. It is quite difficult to reach even 10 dollars by the end of the year.

You are saying right brother. ADA price is near 3$. ADA is a very strong project and it can easily hit 20$ in the upcoming 2,3 years. In crypto market things are very different. Everything is possible in crypto market. It is a very risky market. Some times coins pump massively and some times it dumps massively.

[freedomgo]

The price 20 USD for Cardano is quite a lot in my opinion. Even the current price seems quite high to me to invest, but things are different in this market. It is quite difficult to reach even 10 dollars by the end of the year.

You are saying right brother. ADA price is near 3$. ADA is a very strong project and it can easily hit 20$ in the upcoming 2,3 years. In crypto market things are very different. Everything is possible in crypto market. It is a very risky market. Some times coins pump massively and some times it dumps massively.

It's moving up, so most likely $3 will be achieved soon.

The good thing with the timing now is the market is bullish, and that would easily make ADA rise further as it's currently the hottest coin now with $9 billion trading volume compared to BNB which only has $3 billion. With this kind of hype, I am not seeing a price ceiling and that 36% is a week is quite impressive.