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

[stadus]

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 think the popularity of the market is indeed Cardano right now, their assessment may be different because the speculation on the price of Cardano is very different from day to day, but for me that's what they say is wrong.

It's really impossible if we don't believe bitcoin and ETH would pump 10x to 50x of its current price now. If we let Carnado pump while coins that are on top of it are struggling, that means Cardano will be on the top, and bitcoin and ETH will go down. This is impossible for now because we are based on the current price of the leading coins, but if eventually, the market will continue to grow, we might see some major growth that we are not expecting now.

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[Rrita]

I dont believe it's possible, $20 per Cardano means 7x from now.
But I strongly believe $4 or $5 per Cardano end of the year is very realistic. This coin is bullish now, Most of the CT people also are very bullish. Cardano made a new all-time high, so it attracts most of the people.

Maybe after a few years, Cardano may hit $20 but near the end of the year, it's very tough. But everything is possible in his crypto world. Holding a little bag of Cardano. I am happy with $5 per Cadano.

[Tomohisa]

No one will be sure what the value of ADA can achieve, it is priced from the market basis.  ADA trends are pretty good for their own smart contract development news.  That hit a huge volume for ADA the past 2 weeks.  It's an impressive development on their promise.  But hitting $20 this year is really unlikely.  If institutional investors decide to integrate into ADA then based on market trend it could hit $8 I guess

That's a big dream that is unlikely to happen, you know, when we make a target price, we should not only consider the movement of ADA, but also the movement of other major altcoins and most especially bitcoin, because if bitcoin is bearish, then most probably ADA would just follow the trend.

Yes, although it was altcoin season right now but let not forget all thanks to Bitcoin's price comeback. Any movement of altcoins in this season will depend on Bitcoin as well. I can't see ADA hit $20 without some exceptional pump for Bitcoin so if anyone wants to talk about ADA's $20 price mark, then you should start talking about Bitcoin price increase too.

[Moeda]

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?

If the ADA coin reaches $20 by the end of the year of course the market cap reaches $642,906,962,820 and this is already 1/3 of the current market cap of Bitcoin, or twice the current market cap of Ethereum. Is it possible that ADA will reach that number. If so, then the price of Ethereum must reach $6,500 to be able to maintain the position of two Coinmarketcap.

August 29, 2021
Bitcoin today, price $49,035 market cap $918,620,932,490
Ethereum today, price $3,245 market cap $379,336,488,061
Cardano today, price $2.88 market cap $92,227,647,477

If the price of Cardano reaches $20 then the market cap is $642,906,962,820
If the price of Ethereum is $6,500 then the market cap is $762,504,899,000

[xPPx]

Cardano can reach $20 by the end of the year, IMHO. However, it would take ~80% of ADA being delegated, and smart contracts to be pulled off without any hiccups. Also, we would need 100+ Dapps in the ecosystem to really take off.

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[Benefactor]

It will be an enormous leap to $20.00 and I question until further notice that in can be accomplished. $5.00 could be hard to reach as I would see it. It will require huge amount of cash pouring on ADA's market. We've as of late seen that fiat being accomplished even in a couple of days with enormous cap coins. Also, with projects like pollute entering the cardano environment, we should see some development in the cost.

[stadus]

It will be an enormous leap to $20.00 and I question until further notice that in can be accomplished. $5.00 could be hard to reach as I would see it. It will require huge amount of cash pouring on ADA's market. We've as of late seen that fiat being accomplished even in a couple of days with enormous cap coins. Also, with projects like pollute entering the cardano environment, we should see some development in the cost.

Slowly the price will grow, however, I think Cardano is currently overvalued now and it will have to take a correction before it will start rising again. The level of growth of Cardano this year is just unbelievable, so I'm thinking that people might panic a bit once the heavy correction will start.

[bakasabo]

How do you even generate such numbers as $20 for ADA? Why not instantly ask for $100 by the end of the year? Only 4 months are left and ADA must gain x7 to get to that level. To me this looks impossible. ADA has already used most of its aces, now everything are in demand and traders hands. But remember, ADA price has been groving for a long time without correction.

[BaeSuzy]

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?

is this for real mate? 20$? Cardano even reach the ATH today with 2.18$ value and you are expecting another 10 folds from that?

I hate this idea of being greedy mate, because we can at least be contented here ..

I am holding Cardano and still holding more now but i will never ask for that so much.

Do you realize that 20$ per 1 ADA puts the ADA Market cap almost as valuable as the current market cap of bitcoin? Not saying it is impossible for cardano to get there but I am 99% certain that it won’t happen in 12 to 18 months from now.

[Abiky]

Slowly the price will grow, however, I think Cardano is currently overvalued now and it will have to take a correction before it will start rising again. The level of growth of Cardano this year is just unbelievable, so I'm thinking that people might panic a bit once the heavy correction will start.

Cardano is extremely undervalued. For a blockchain network without smart contracts functionality (still under development), I'd say that Cardano's price is exaggerated. The reason why it's been soaring is because of the crypto/Blockchain hype. Once it's all over, expect ADA to go all the way down the drain.

A price of more than $20 would've made Cardano surpass Bitcoin as the world's largest cryptocurrency by market cap. That will never happen since Bitcoin will just keep rising towards new heights. There are far better options on the market with a larger ecosystem of dApps and services. Until Cardano reduces its supply and adopts smart contracts functionality, prices will stall. The most it can go is to $5 per coin if the bull market persists. But it won't be sustainable in the long run because of the reasons mentioned before. What matters is how useful a coin is instead of its price. As long as Cardano is useful, nothing else matters. Just my opinion

[shitpost pioneer]

No, it can't reach 20$ because Cardano is far from being innovative.
Probably, it will be overtaken from more innovative coins like Tezos or Avalanche.

[marcous]

No, it can't reach 20$ because Cardano is far from being innovative.
Probably, it will be overtaken from more innovative coins like Tezos or Avalanche.

What flaws do you see in Cardano that you say are far from innovative? Isn't Cardano also a successful project with tremendous development in the cryptocurrency space? which is also owned by Tezos or Avalanche.

[bhooscream]

Its ATH is about $3, I think it is too exaggerating to expect $20. Remember that the end of 2021 isn't too long, with only 3 months remaining. If Cardano can pass $5, it is already good enough. In my opinion, the price of Cardano won't be more than $8. But it is only my prediction as an amateur investor or trader. I just try to determine the potential increase of Cardano price if we consider the current price and the remaining months.

[raji1995naya]

That's difficult to tell; a 20x move is likely, and we're not closing any doors just yet since anything can happen with cryptocurrencies in an instant. However, because we're approaching the fourth quarter, we're not even close to a quarter of the way through the year. It's best not to anticipate Cardano to achieve $20 before the end of the year, but there will still be a lot to look forward to if it stays close to its current price.

[arifteguhr]

That's difficult to tell; a 20x move is likely, and we're not closing any doors just yet since anything can happen with cryptocurrencies in an instant. However, because we're approaching the fourth quarter, we're not even close to a quarter of the way through the year. It's best not to anticipate Cardano to achieve $20 before the end of the year, but there will still be a lot to look forward to if it stays close to its current price.

That will be a long way for Cardano to achieve if the time is only until the end of this year, because I am only more confident in hitting the $5 price on Cardano for this year even though it also looks difficult and not easy, because market conditions will determine all of this, whether will be good or even worse in the future.

[GreenStox]

nothing is impossible. many say the end of the year all coins will increase rapidly and there are also those who say Cardano will not reach such a high price due to market cap and more. now the cardano's price is $2.41 down from $3.09 which was its highest price. but I'm sure Cardano could hit a price above $10 by the end of the year.

[GatotKaca]

nothing is impossible. many say the end of the year all coins will increase rapidly and there are also those who say Cardano will not reach such a high price due to market cap and more. now the cardano's price is $2.41 down from $3.09 which was its highest price. but I'm sure Cardano could hit a price above $10 by the end of the year.

everything is possible in the crypto market as long as the update from Cardano is really market-accepted and has great attention from the developers of the new project.
as happened to SOL which is getting a tremendous increase from the popularity of its current ecosystem. and when Cardano can reach its popularity with the newly developed ecosystem it should be $20 is not an impossible number for the ADA.

[Fredomago]

nothing is impossible. many say the end of the year all coins will increase rapidly and there are also those who say Cardano will not reach such a high price due to market cap and more. now the cardano's price is $2.41 down from $3.09 which was its highest price. but I'm sure Cardano could hit a price above $10 by the end of the year.

everything is possible in the crypto market as long as the update from Cardano is really market-accepted and has great attention from the developers of the new project.
as happened to SOL which is getting a tremendous increase from the popularity of its current ecosystem. and when Cardano can reach its popularity with the newly developed ecosystem it should be $20 is not an impossible number for the ADA.

That's right, if the development coming out from ADA received wide acceptance and developers start to work with their project inside ADA chain, it's very possible to see a huge increase from this asset.

Most of the time, support from end users really influenced the big growth of the project. Though there are influenced by the team itself creating the hypes but in the long-term run, usages are very important for the success of the project.

We can't conclude what will be the fate of ADA but with such kind of progressive project, more positive things may happen.

[naikturun]

if you look at the current market capitalization, I think it's a bit impossible even though the current bull will happen, maybe only up to 5-10$ and even then it is very high and probably won't reach that number.
Here we are speculating even though the prediction doesn't look likely.

[Lubang Bawah]

Unfortunately the price of Cardano has dropped a few days, to reach the price of $ 20 it took 8x of the current price and it looks like this is difficult to achieve this year even if the price of bitcoin crosses $100k, the price range that Cardano can achieve is around $ 5.