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

[elisabetheva]

I think realistically, I have heard that speculation for a very long time, even I myself am a holder of the coin and I hope the price is very high but when the bull market came a few months ago there was no significant movement on the Cardano coin, so at this time I say no maybe for the price of $20 it is very high. maybe even if the market cap increases and the demand for Cardano coin is high I don't think it will reach $20.

a month ago ADA actually made a surprise by reaching ATH $3.09 - Sep 02, 2021, but after that it just kept going down and where bitcoin and altcoins increased ADA still couldn't participate and still went down. Of course this is clearly something that is not desirable because ADA should also be able to move up. this week when all went green but ADA was red with -3.9%.

but usually after correction there is a surprise, will ADA make the surprise? if it's about the price of $20 at the end of the year, everything is possible, because ADA is a good coin, but if you want to be realistic, $10-$15 is good enough to be achieved by ADA at the end of this year.

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[Abiky]

$20 is way too high and doesn't make sense given that Cardano has rallied more than 100x from its low. Another thing is that Cardano still doesn't have a fully completed project on its chain. So the inflow of money and the amount of Cardano put into DEFI has not really happened. I can believe Cardano will hit $20 by the next Bull run, which is in 2024 and 2025.

Exactly. Cardano is still a work-in-progress. Apart from that, there are billions of coins in circulation compared to other scarcer cryptocurrencies on the market. What makes you think something as inflated as ADA will be worth a lot of money in the future? Unless developers do something about it, I don't see it going anywhere.

I'd say $20 per coin is more of a dream than anything else. A more realistic target would be $5 per coin by the end of the year. Anything more than that would not be sustainable in the long run. Crypto is all about utility instead of the price. As long as Cardano is useful, nothing else matters. Just my thoughts

[LUCKMCFLY]

Cardano's path has become somewhat difficult, it has not been possible to break the price level of 2.25USD, however everything is possible, at the moment it is at 2.20USD, it is close, if the BTC continues to rise it is likely to break that price level:

This negative view will invalidate if the price turns up from the current level or rebounds off the $1.94 support and rises above the 20-day EMA. The pair could then rally to the 50-day SMA ($2.46) where bears may again mount a stiff resistance. A break above this level could clear the path for an up-move to $2.97.

Source: https://cointelegraph.com/news/price-analysis-10-4-btc-eth-bnb-ada-sol-xrp-dot-doge-luna-uni

It is not a bad time to buy ADA, since it is very likely that the price of BTC will continue to rise and if this happens, ADA will have a good rebound.