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

[southerngentuk]

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.

Although I see the potential, the current supply if it reaches that value this year I think it will be crazier than what Doge has just created in the past. But this will happen anyway, and the difference is when it will. I think it will be in another growth cycle in the future and currently the target that I think it can achieve is a price of $5-7 by the end of the year.

[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?

meaning 20 folds from this value now?

https://coinmarketcap.com/currencies/cardano/

from a 77 billion capitalization this will jumps to 770 billions?  so this will only short by a 100 billion away from bitcoin and almost 50% ahead of Ethereum?


NO THIS WILL NEVER HAPPEN THIS SOON.

[smartaction]

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 now a much popular coin. ADA team will launch there own blockchain. If they can done it without any issues then ADA token can rich $10-20 easily

[geegaw]

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.

Indeed all of that may happen, but we are not only talking about the possibility, but we also need to look at the data as our records. ADA supply circulation with SOL is much different, even reaching 10 times the SOL supply.

In addition to the supply that is superior to Sol, ADA has many years of experience and interaction with the community, but in the end, their annual data shows that the spike is too small while Sol has a lower interaction and lifespan, even fell into a weaker state than ADA and has a bad value but its ability to jump on the spot seems to be a natural talent, Sol has not been trained and after training, Sol is already the champion this year. ADA has probably been tamed by investors and lacks the wildness of Sol

[LUCKMCFLY]

Cardano is at a crossroads, on the one hand it gives some bullish turns, but due to the direction of BTC it has dropped a bit, the bulls if they are buying in the dip, for now the price is at $ 2.4, not bad at all, but Apparently the first goal that is to be able to reach $ 5 has been somewhat truncated, the analysis of cointelegraph launches the following:

If sellers pull the price below the 50-day SMA, the correction could deepen to the next support at $1.94. Alternatively, if the price rises from the current level or rebounds off the 50-day SMA, the bulls will make one more attempt to push the price toward the overhead resistance zone at $2.97 to $3.10.

Source: https://cointelegraph.com/news/price-analysis-9-13-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni

What many hope is that Cardano can be maintained and does not fall below $ 2, it is what many are waiting for, however ADA represents a lot of future, what I would do now would be to put myself in Hodl mode.

[arbifahrozy]

Cardano still has advantages in speed, scalability and security  and reach at least 10$ in end of year. It’s simply superior technology. Honestly, I don’t know how many projects will even stick it out that long with the insane gas fees they are paying.

[LUCKMCFLY]

Cardano is giving very good indications of exceeding the price and going into a bullish trend, it is also necessary to highlight that the currency grows while BTC recovers, this means that many investors are seeing ADA in a good way:

Cardano (ADA) has fixed above the $2.40 level, which means that bulls are trying to seize the initiative in the mid-term scenario. However, one may think about the trend reversal when ADA fixes above the vital $3 mark.

Source: https://u.today/btc-ada-and-bnb-price-analysis-for-september-15

For Cardano it is considered that it can take a big bullish turn, until now it has grown more than 6%, which is an ideal indication to be able to enter, if BTC continues to rise, it is likely that ADA will reach $ 3 according to the article, it is a probability, and it all depends on the risk of each trader.

[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 thought it wouldn't happen, even if the mainnet of ADA is successful, then of course I'm still not sure if the price of ADA can reach $20 by the end of this year, because I think the price of ADA can reach $20 is very difficult for now (the current price is very far from $20) and I predict if the price of ADA may only reach $5 by the end of this year.

$5 is more realistic, however, I think the market has to be bullish as well in order for ADA to pump, otherwise, it's unlikely to pump if bitcoin will undergo a serious correction that may lead to a heavy dump. We know the drill here, the trend of bitcoin is normally followed by the altcoins.

[domoy77]

I thought it wouldn't happen, even if the mainnet of ADA is successful, then of course I'm still not sure if the price of ADA can reach $20 by the end of this year, because I think the price of ADA can reach $20 is very difficult for now (the current price is very far from $20) and I predict if the price of ADA may only reach $5 by the end of this year.

For the price of $ 5 is still very logical and will not be so difficult to achieve by Cardano, but if for $ 20 with a duration only until the end of this year, I personally am also less sure to be achieved by Cardano because it requires an increase that exceeds 300% of the current price

[Japinat]

I thought it wouldn't happen, even if the mainnet of ADA is successful, then of course I'm still not sure if the price of ADA can reach $20 by the end of this year, because I think the price of ADA can reach $20 is very difficult for now (the current price is very far from $20) and I predict if the price of ADA may only reach $5 by the end of this year.

For the price of $ 5 is still very logical and will not be so difficult to achieve by Cardano, but if for $ 20 with a duration only until the end of this year, I personally am also less sure to be achieved by Cardano because it requires an increase that exceeds 300% of the current price

That's correct, but 300% is nothing if the market is so bullish, what it bitcoin achieved a new ATH again and it will be trading at $150k to $200k, then for sure, we might think that $20 is very realistic, so it really depends on the performance of bitcoin as it's the market leader.

[imstillthebest]

I thought it wouldn't happen, even if the mainnet of ADA is successful, then of course I'm still not sure if the price of ADA can reach $20 by the end of this year, because I think the price of ADA can reach $20 is very difficult for now (the current price is very far from $20) and I predict if the price of ADA may only reach $5 by the end of this year.

For the price of $ 5 is still very logical and will not be so difficult to achieve by Cardano, but if for $ 20 with a duration only until the end of this year, I personally am also less sure to be achieved by Cardano because it requires an increase that exceeds 300% of the current price

That's correct, but 300% is nothing if the market is so bullish, what it bitcoin achieved a new ATH again and it will be trading at $150k to $200k, then for sure, we might think that $20 is very realistic, so it really depends on the performance of bitcoin as it's the market leader.

sure there are coins that fully depend on the performance of btc but i dont think ada is one of them .
 ada has a strong support for its community , they are verry bullish and full of hyped  but its strange that ada's price still moves verry slow  . oh well sometimes it takes time for a coin to grow big especially if they are legit coins , only the scam coins and pump and dump coins can grow in an instant but they dont stay for too long .

[Abiky]

$5 is more realistic, however, I think the market has to be bullish as well in order for ADA to pump, otherwise, it's unlikely to pump if bitcoin will undergo a serious correction that may lead to a heavy dump. We know the drill here, the trend of bitcoin is normally followed by the altcoins.

$20 per ADA is insane. That's because Cardano has billions of coins in circulation, compared to other cryptocurrencies which are scarcer. Only a bullish market will make ADA reach new All-time-highs. As you've said before, $5 per ADA is a more realistic prediction. "De-Fi" is growing stronger every day, so it should only be a matter of time before demand for smart contract platforms like Cardano and Ethereum grows like crazy. We'll have to see how far ADA will go as crypto/Blockchain tech becomes more mainstream. What matters is not the price, but rather a coin's usefulness. As long as Cardano is useful, nothing else matters. Just my thoughts

[gaston castano]

if the market will move up after this decline, then the possibility of further bulls will still take place, but 20$ for cardano is still too high, maybe 10$ is already the highest point for cardano at this time.

[kodtycoon]

if the market will move up after this decline, then the possibility of further bulls will still take place, but 20$ for cardano is still too high, maybe 10$ is already the highest point for cardano at this time.

$5 alone has also become the highest for Cardano because in conditions like now who are already in the 4th Quarter of this year should be very grateful when there is another Bull before the year changes because some people are tired of seeing a decline like now.

[Rrita]

if the market will move up after this decline, then the possibility of further bulls will still take place, but 20$ for cardano is still too high, maybe 10$ is already the highest point for cardano at this time.

If Cardano just hit $5 it would be big up. Cardano's price is already up a lot maybe in the future we can see $10 per Cardano. But near the end of the year, it's very tough. I bought a few Cardano in this DIP, which will sell in $3-$5 range. Bitcoin started to rise up again, Altcoins also doing good. Current price of Cardano is good for accumulation but only for a long time.

[CutePanda]

Cardano is one of the best option we have to invest right now, the price of cardano keep rising day by day.
cardano already reach $2.24, i think it's only the matter of time until cardano can hit $20, i'm so positive that cardano can hit $20 in the end of the year, maybe november.

[Reatim]

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?

here is cardano now

https://coinmarketcap.com/currencies/cardano/

i don't think this will be the movement we need to see making x10 ? 2 dollars to 20 dollars means there is a need for at least x10 right?

Maybe not in our time now but in the next 5-10 years lets see, cardano had made already a so High movement this year and that is more than enough to expect .

[2tang]

Cardano is one of the best option we have to invest right now, the price of cardano keep rising day by day.
cardano already reach $2.24, i think it's only the matter of time until cardano can hit $20, i'm so positive that cardano can hit $20 in the end of the year, maybe november.

If the time is only until November this year I think it will be very difficult for Cardano to reach the price at $20, because other coins are also experiencing increases such as Solana, PYR, Matic and also a few others, so it becomes a competition in itself and also consideration for every big investor

[Sweetbtc]

Gotta say ADA, shooting up to the no.3 spot on CoinMarketCap so quick and still not mooning....yet. It's following is extremely dedicated and NFTs market will only grow to use ADA more (especially with the recent Solana issues that might have reduced some faith in that NFT competitor). I'm not one to get overly
wishful with most tokens but if or when ADA moons, it'll be historic.

[2tang]

Currently cardano is experiencing an increase so that the achievement of prices up to $20 could happen this year, and this is very dependent on the price of bitcoin, if bitcoin can increase to be able to touch the new ATH then all potential altcoins can experience changes, especially for now cardano is building smart contacts so that it has a high possibility that the price increase will occur as soon as possible.

Are you awake while writing this? or you don't visit the market at this time where almost all coins are experiencing price drops including Cardano due to the ongoing Bitcoin crash, so take a look at the market and Cardano at this time, so you can be aware of what you are saying.