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

[peter0425]

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?

There was even a thread that expecting Cardano to fall down 50 cents this year and you are asking about 20$?
that was now applicable for now mate.

that is over expectation and will only make you sad if not reached.

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[moneyball]

I don't think 20$ is posible this year but next year it could happen if the bullrun will start again!

[Fivestar4everMVP]

Well, just like the saying goes, nothing is really impossible as long as it concerns crypto, but somethings are harder to happen than others.
ADA reaching 20$ I would say it's possible but very difficult and will take a really lots of time, but then, 70 to 80 percent of this possibility falls on bitcoin, believe it or not, bitcoins still has a lot of control on the entire crypto market, and if bitcoin continues to rise and crypto market capitalization continues to expand, this will create more room for coins like ADA to grow far above what they are currently worth, but how long this will take is what I believe that only the future can tell.

[Renampun]

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?

currently, Cardano to $20 for me is a bit impossible...

with a current circulation of 45 billion tokens very little chance of Cardano to $ 20. but all altcoins price follow Bitcoin price, maybe when Bitcoin price reaches $200k or $500k then Cardano will be $ 20.

[SaveOurSea]

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?

it's not impossible for Cardano, indeed Cardano's supply is very large and look at it! how much is the price for new all time high ADA now? above $2!,
yes, even though it's still decreasing now, ADA can still go against this current, it's just that if the price of Bitcoin goes down, of course the holder must be careful,
the future is a secret, of course we have to prepare ourselves if the price of ADA reaches $20

[Gatorelf]

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 have it maxed out at $3 that would give it a market cap of $95B making it the third largest crypto right behind ETH. And thats assuming another Trillion dollars comes into the market which is currently at $1.73T

[Farma]

I still see it's a very difficult thing to achieve, even to reach the price of $10, it's still quite difficult for this year. maybe it will happen if a big pump happens, but based on the current situation, I also think that the high rise is around $3.

[manok jepang]

In my opinion Cardano is an altcoin with great potential, until now the price is still stable and can survive in volatile market conditions, but Cardano is unlikely to reach $20 by the end of this year, because the value of cardano is still too low at the moment, cardano will take a long time  to grow to $20,

[Dump3er]

In my opinion Cardano is an altcoin with great potential, until now the price is still stable and can survive in volatile market conditions, but Cardano is unlikely to reach $20 by the end of this year, because the value of cardano is still too low at the moment, cardano will take a long time  to grow to $20,

But how many coins did we talk about in this forum that had great potential? A lot of coins did we discuss and there are around 10,000 of them now. Cardano does have potential and good people involved so I hope they turn that potential into something tangible.

[RbiggerG]

I still see it's a very difficult thing to achieve, even to reach the price of $10, it's still quite difficult for this year. maybe it will happen if a big pump happens, but based on the current situation, I also think that the high rise is around $3.

It seemed for a moment that Cardano could be ready for a serious bull run, but frankly speaking a tanking Bitcoin also crossed those plans. I think if Bitcoin were running still well Cardano could have benefited from that momentum a lot.

[rodskee]

I don't think 20$ is posible this year but next year it could happen if the bullrun will start again!

What will be the reason for the next year having Bullrun again? why not happen now and needs to be next year?

and also there are no Halving coming next year because it is already done recently.

In my opinion Cardano is an altcoin with great potential, until now the price is still stable and can survive in volatile market conditions, but Cardano is unlikely to reach $20 by the end of this year, because the value of cardano is still too low at the moment, cardano will take a long time  to grow to $20,

That is impossible to happen now https://coinmarketcap.com/currencies/cardano/ can't even break 2$ so what more for another x10?

no this is not happening now.

[bitterguy28]

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?

Sorry to disappoint you but i think there will never come this year about this Pumping as it was so huge to expect from a coin that has already reached the top early this year.
if there is some coins we must check and wait? then that must be Bitcoin and binance coins.

[bittraffic]

A lot of updates will happen by next months for Cardano particularly the deployment of the smartcontract that might be able to get the wheels running. This is actually the most awaited part of this project.

Just like where ETH started, when it was about $3-7, investors were still skeptical about what it could do and most are taking ETH as scam. If the price won't fall back below $1, many of the doubters might not buy this token.

[RbiggerG]

I still see it's a very difficult thing to achieve, even to reach the price of $10, it's still quite difficult for this year. maybe it will happen if a big pump happens, but based on the current situation, I also think that the high rise is around $3.

It seemed for a moment that Cardano could be ready for a serious bull run, but frankly speaking a tanking Bitcoin also crossed those plans. I think if Bitcoin were running still well Cardano could have benefited from that momentum a lot.

The market still unclear, even Cardano is set to go investors still fearing that Bitcoin will meesed it up, the support for
this project is there but it's need more flowing money to reached that target amount.

Maybe for another year if not this year, once a healhty market run comes up this coin is one of those good alternative
that will also recieved investment.

I also don't really know and have no feeling for where Cardano really stands in terms of its potential. One could just say it should be higher in the rankings of coinmarketcap but I don't know. The potential is there and we all know that sometimes (or very often) it is all about the whales preparing a move and going for it. The potential isn't that decisive anymore then.

[Valak]

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?

Not. The current crypto price correction proves that the price of ADA will not reach $20 by the end of the year. Even if there is a next pump, the price of the ADA will only increase by $3 by the end of the year.

[Coin_trader]

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?

Not. The current crypto price correction proves that the price of ADA will not reach $20 by the end of the year. Even if there is a next pump, the price of the ADA will only increase by $3 by the end of the year.

Its possible if they decrease there total token supply through token burning or redenomination. That's the only possible way unless the current market will grow x7 from the end of the year. I believe its already a miracle to see billion supply token to reach greater than a dollar each.

[monineklutak]

The current crypto price correction proves that the price of ADA will not reach $20 by the end of the year. Even if there is a next pump, the price of the ADA will only increase by $3 by the end of the year.

I'm an admirer of Cardano project but despite of that $20 is too much to expect from ADA. More realistic level to be reached by the end of this year is somewhere between $5 and $8 providing all Alonzo features will come on schedule. I know they are  working in parallel on many features to make Cardano's state of the art smart contracts available in time  so  ADA  price depends on the timing.

Yes, we better be realistic because if we have too high expectations of ADA and later it doesn't fit we may be disappointed,
we know the Cardano project is one of the promising projects and they have a good team,
so just keep following the progress and I'm sure later the price of ADA will go up

[stadus]

$20 for a high supply coin is too much already, we saw it pumped but that is only because of the bull run, and it seems the bull run is already over so most likely the rest of the year the market will be bearish, which will make ADA dump below $1 as usual.

[MishaSER]

Judging by these situations, the ADA should overtake Bitcoin in capitalization, and now think about whether this is possible? I do not think that it is possible, in order to ensure such growth, the entire market must grow 10 times, namely the price of bitcoin is about $ 300k.

[romero121]

Judging by these situations, the ADA should overtake Bitcoin in capitalization, and now think about whether this is possible? I do not think that it is possible, in order to ensure such growth, the entire market must grow 10 times, namely the price of bitcoin is about $ 300k.

But on the other hand the capitalization of whole cryptocurrency  is far beyond requirements of the World economy. The real use cases like Cardano's  deals with Ethiopia will force cryptocoins to increase their caps and the race will be won by whoever starts to build up their capitalization first.

Yes, based on the capitalisation there is more chance of bounce in the value. But, to reach $20 is something very big in short time period. It is predicted that cardano to give gradual growth and reach $10. For me $10 looks like an achievable value.