How can Cardano achieve $ 5 ?

[robinator]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

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[Jating]

I doubt that it will replace ETH as ETH is a prime mover in the crypto sphere. So that will not be the first point of ADA, let is run and let investors find its way to them, not as competitor to ETH but as a project can become an alternative to the issues of ETH.

As far as the price achieving $5, just like what the devs behind are doing, continue to improve the project itself, release every iteration and better the previous one and then maybe investors will suddenly pour their money on them pushing the price in upward trajectory at the end of this year and the next coming years. It should be step by step and not rush thing to get tot $5.

[livingfree]

Don't think about replacements. If you're goal is just to see it at a certain price like $5. Then, it only has to go more little of its half than it is today.

Ethereum is still superior and if there's another one that will replace, it won't be cardano.

[maju69]

Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

Prior to Cardano, perhaps Solana would have been more appropriate to replace Ethereum in terms of GAS fees and with their fairly successful project building Solana to a level that was much more noticed by big investors. I saw after ADA created its own network and so far no significant development has been seen in the period after opening. In fact, the price is quite far from the price before they launched the private network. Meanwhile, Solana is already ahead of ADA in terms of development.

[Momoamzad]

Ada will surely hit $5 but need to be patience.  Prediction says  very 1st period of October it will increase  at $2.89 to - 3.63 . I think if bitcoin take stable position above 50k  may be all altcoin will hit n reach on its ATH .

[Pelana vreo]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

Ethereum is a Decentralized platform and it's better than ADA, I can't compare the two in detail, but if you ask the price? then each coin can be pumped and Hype will push the price of the coin to reach new ATH.
You can see other Dapps like Tron which have been doing well for years, but the price is still under $1 and ADA is currently with a large supply going up fast, let's wait for the cardano team to do the Alonso Fork and don't forget to keep an eye on the prices Ethereum, because Ethereum is currently the King of altcoins it will have a limited supply and it will increase the price of the ethereum coin.

[velhoti]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

Where came those forecasts? Which concept they use to predict?
Predict the future can be tricky, sometimes things do not happen as expected.

[Scripture]

Ada will surely hit $5 but need to be patience.  Prediction says  very 1st period of October it will increase  at $2.89 to - 3.63 . I think if bitcoin take stable position above 50k  may be all altcoin will hit n reach on its ATH .

It always need a patience because we can’t go up all the time and still we depend to Bitcoin so if there’s no price update with Bitcoin and if there’s no bullish signal then we can’t go up to that level. ADA is a good project, $5 is really attainable in the right time so have your patience always and wait for future updates of ADA.

[Shallow]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

Most people are expecting a lot from ADA because of the smart contracts and all that, which is good in a way, as humans anticipate good things, but it is also very important to know that, things can work sideways especially in this crypto space. The smart contracts is yet to be tested and this is what will determine how far the ADA coin will get to, and so far it is yet to be tested a lot of people will have their reservations just to be on the safer side.
However to answer some of the questions, no expert will tell you when ADA will get to $5, you can only invest, think long term and watch it actualize. Secondly, no matter what ADA team offers and work on, it will hardly position itself to overtake Ethereum. Moreover, other blockchain networks with lesser fee and with already built blockchain network are yet to do it, let alone ADA.

[Slow death]

Max Supply: 45,000,000,000

yes wait $5 will be a long road that will have to be traveled with so much coin that there is no wonder have this price of $2 yet. I don't know why need to have so much coin. well i'm not an expert in this area so i don't understand why have so many coins, but don't expect $5 so soon

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

Where came those forecasts? Which concept they use to predict?
Predict the future can be tricky, sometimes things do not happen as expected.

It is clear that this prediction is from someone who is dreaming big so soon

[shinratensei_]

But what will make it achieve $ 5 and when will it happen?

It will reach $5 caused by the adoption. These days the adoption rate for the ADA smartcontract was not so high compared with another blockchain like BSC. The daily transaction is still less compared with the BSC.
None knows about when ADA will reach $5 and only the time will tell us.

Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

I will not. There's no reason for ADA to replace ethereum. i do believe that if these platforms will be co-exist instead of replacing one and each other. The competition was very strict but there's no way for new platform to destroy the old one. So many old stories about this happened in the past but the result will always be the same if ethereum will become the big crypto .

[crzy]

Don't think about replacements. If you're goal is just to see it at a certain price like $5. Then, it only has to go more little of its half than it is today.

Ethereum is still superior and if there's another one that will replace, it won't be cardano.

ETH is still the top, this is the reality and even if ADA hits $5 it wont still replace ETH. We need to hear good updates, a strong one for Cardano to reach such price and it may take time for sure. Also, if there’s no bull market we can’t have that one even a strong project can’t go that much if we’re on a bear trend.

[finaleshot2016]

Consider it as a supplement rather than a replacement, as both of them are performing admirably at the moment.

Many projects are being developed in ERC20, and development in ADA is still ongoing, so both are moving forward at the moment, and developers are doing their best to make these coins and their blockchain more beneficial for users. ADA is a good project; I'm an ADA investor, and their goal is extremely entertaining; even the roadmap suggests that they may reach the top like other altcoins like BNB and ETH.

[Luqman]

When do you think Cardano to reach $5? If you mean the maximum price to reach this month, it is difficult to reach. I know Cardano is a good coin and many people are interested to invest their money there. But Cardano isn't free from the case against SEC. This probably can be the obstacle for Cardano to soar instantly. I think Cardano just can reach $2.5 this month, and $3 in the next month.

[cryptoaddictchie]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

Thats a big challenge to them but Im gonna bet my money it wouldnt happened. Ethereum is build and famous among cryptocurrency community. Beating it is like needing the support of everyone using it, so do you think it can be done easily? As far as we know cardano still have problem with their net integration, and its not gonna be an easy task to atrract users of eth to migrate to cardano just like that.

[GreatArkansas]

I believe that number is possible for Cardano (Ada) too, ADA got a high market cap now but there are new competitors that keep popping. And not only Cardano experience this, but also Ethereum. Which is a smart contract platform too.
This kind of huge percentage increase can be achievable, but we should also consider Bitcoin because most of the high market cap coins now are following Bitcoin, so I once Bitcoin will create a new all-time-high I believe the $5 for ADA is achievable.

[cabron]

Since it got its rank up base on its cap, ADA has more to offer than any project out there. However, the price dips after this Alonzo update. Looks pretty normal to me since the market is just overbloated.

It may take weeks before jumping up again. Traders are more confident now that they have gathered a lot of ADA and maintains it on the exchange so they could accumulate more of it. They will not stake but just accumulate ADA through trading thinking its market is very predictable.

[evichi]

Cardano is waxing strong. It has the attributes that can make its value grow even higher. At Coinmarketcap, Cardano price is $2.25 as at 20/09/2021. Cardano blockchain have some similarity to that of Ethereum such as -the ability to establish smart contracts as well as DApps, etc. Though, Cardano is new in terms of having smart contracts and DApps in its blockchain when compared to Etheruem, it has some advantages over Ethereum. (See post:  https://bitcointalk.org/index.php?topic=5359583.msg57924648#msg57924648). While Ethereum blockchain is made of Proof-of-work, Cardano blockchain is Proof-of-Stake. Proof-of-Stake has some advantages over Proof-of-Work.

Ethereum is working towards being Proof-of-Stake (Project: Ethereum: 2.0), but Cardano is alreeady Proof-of-Stake. The comparison is necessary so that we can see the potentials of Cardano growing. I think Cardano can make it to $5 in about one year from now - hopefully if more DApps and Smart Contracts are built on its blockchain.

[Fundamentals Of]

It is possible for Cardano (ADA) to reach $5. That will happen if the next bull run will be so huge even the top altcoins like Cardano (ADA) will benefit from it. But let us not continue to position the Cardano project as a replacement of Ethereum. Let Cardano be Cardano and Ethereum be Ethereum. Ethereum has made a lot of things in the crypto industry already. Cardano came late and has not yet accomplished the achievements of Ethereum. The gas fee issue is never enough for Ethereum to be replaced with any other altcoin.

[peter0425]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

cardano is a good coin and having a great year this 2021 but expecting a much bigger price will be depending on how this market reacts because Bitcoin is still the deciding factor.
there might be opportunity because of Ethereum high fee that people will convert using ADA instead but the thing is the support for ethereum specially new project is indeed still upgrading and now that NFP is also taking close to ETH network.
so I think if there is highest ADA can reach this year is 3$ and that 5$ target will take another years to achieved .

[timerland]

I think that at the end of the day, the ADA network is probably going to be subject to similar issues if adoption actually picks up.

ETH2.0 holds a lot of potential and could shut down this narrative that ADA will flip ETH as a matter of time.

I would definitely hold Cardano as a hedge in case ETH gas fees stays high, but $5 seems out of the question for now given the bear market is looming.

[goku19]

I think that at the end of the day, the ADA network is probably going to be subject to similar issues if adoption actually picks up.

ETH2.0 holds a lot of potential and could shut down this narrative that ADA will flip ETH as a matter of time.

I would definitely hold Cardano as a hedge in case ETH gas fees stays high, but $5 seems out of the question for now given the bear market is looming.

Yes if ETH gas fee stays high then holding Cardano would be a good choise, well holding cardano in any way is a good choise but 5$ is very far now and i dont think its gonna reach there any time soon.

[michellee]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

If the target price for Cardano is $5 in the short term, that can happen as we know how good Cardano has moved so far. So it is not too difficult for Cardano to reach $5 but that will depend on bitcoin price moves.

But I doubt Cardano can replace the Ethereum position because Cardano offers a small gas fee. After all, Ethereum is still the favorite of people and investors. But if that is long-term for the Cardano project, I think that will be possible because everything can happen in the future. So far, we can wait for Cardano to reach $5 first and then reaching the next high target price and that could be at $10.

[RussianEnglishTranslation]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

Cardano isn't going to make it. If you compare it to something like NEAR protocol, it doesn't hold a flame to it. Ref Finance has 2 second transaction finality and 8k TPS. The AMM also has yield farming and is constantly adding new features. AMMs on Cardano can only do 1 TPS and farming isn't live. The estimated TPS for normal transactions on Cardano is 45 TPS, that's barely faster than Ethereum. I see no advantages to using Cardano even over Ethereum.

[DOH!]

Technologically cardano is a very weak project and now there is no fuel for further growth. Development is going on for a very long time and it is definitely not worth expecting that soon everything will be different the price is likely to go for 1 dollar rather than 5.

I disagree with this statement. In fact, ADA hasn't touched 5$ yet but the big reason I suspect is that they arrived later than the defi party in March. While they just upgraded the Smart contract on the mainnet Alonzo( 12th 9). it's called a programmable validator (as Benkort explains). In fact, ADA is up over 1700% since January up to its latest ATH. Among the altcoins that might stand out this year, I think ADA is part of them. If defi 2.0 comes back in the near future, surely ADA is ready to topple the $5 mark

[zulfi125]

Cardano's price will reach above $5 by the end of 2021 because more projects will be launched in Cardano and the usage of Cardano will be increased but ETH will be no.2 and gas fees will low than ETH.

[Cryptosimar]

Before Cardano, maybe Solana would have been more proper to supplant Ethereum as far as GAS charges and with their genuinely fruitful venture building Solana to a level that was considerably more seen by huge financial backers. I saw after ADA made its own organization thus far no critical improvement has been found in the period in the wake of opening. Indeed, the cost is very a long way from the cost before they dispatched the private organization. In the interim, Solana is now in front of ADA as far as improvement.

[livingfree]

Don't think about replacements. If you're goal is just to see it at a certain price like $5. Then, it only has to go more little of its half than it is today.

Ethereum is still superior and if there's another one that will replace, it won't be cardano.

ETH is still the top, this is the reality and even if ADA hits $5 it wont still replace ETH. We need to hear good updates, a strong one for Cardano to reach such price and it may take time for sure. Also, if there’s no bull market we can’t have that one even a strong project can’t go that much if we’re on a bear trend.

And that one that I'm talking, it's also far from replacing it.

People should just stop thinking about replacements in rankings and just look at the development of each of them. Because in the end, it's the one that will determine how valuable the coin is.

If they have a commendable development and that will also lift them in ranks.

[Rahman11]

Will ADA reach 5 or $10? In terms of market position, Cardano has had a growth rate of over +665.2% in the past year. If this trend continues, there is a big chance that Cardano can reach the bullish price of $10.

[traderethereum]

Cardano's price will reach above $5 by the end of 2021 because more projects will be launched in Cardano and the usage of Cardano will be increased but ETH will be no.2 and gas fees will low than ETH.

If, in the next month, bitcoin can have a rally to $50k, Cardano can have a chance to lift the price to $5 as the price can reach $2 and still stay at the current price.
But if the bitcoin price does not increase to that price, it seems Cardano needs to wait for more to lift the price.
The key for the altcoin is if bitcoin can have good movements in the rest of this year, the altcoin will have those chances.
Otherwise, the altcoin will stick at a price now and will not increase so high, which I do not think that the crypto market will not grow again in the next month.

[masterrex]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price is $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

The truth is all of that so-called predictions are just mere speculation because no one knows what happens next, that's why it will remain as a guess, so let's put it that way.

Is it possible for Cardano to replace Ethereum? IMHO, I think that's not possible yet although Ethereum has some issues today regarding the expensive transaction fees, But it doesn't mean they can easily overturn the original smart contract provider. And let us also consider the fact that Cardano has several competitors in the market and I think that was not an easy task for Cardano to handle.   

[hugeblack]

Perhaps if they succeed in creating smart contracts that are well managed and fast with low fees they may offer something new.
Don't forget that they are not the only competitor for Ether even with higher fees, people who will stop using Ether network does not mean they will use Cardano blockchain.

Therefore, reaching $5 is difficult and depends on the quality of the updates that will be launched in the coming months and the weakness of competitors.

for me if it reach $5 i will sell it.

[pergola]

First, Bitcoin continues to appreciate to $100k and domain BTC.D doesn't go above 50.
That is the ideal level for all altcoins to rally, not just Cardano. Cardano's smart contract launched and nothing changed too much in price. So only the above option is reasonable.

[GatotKaca]

First, Bitcoin continues to appreciate to $100k and domain BTC.D doesn't go above 50.
That is the ideal level for all altcoins to rally, not just Cardano. Cardano's smart contract launched and nothing changed too much in price. So only the above option is reasonable.

it will surely await the moment when the adoption of the Cardano blockchain explodes. and that situation might be like SOL and BSC.
if the adoption doesn't happen, then ADA might have a hard time even getting to $5. developers seem to have to work harder to make a major update.

[pergola]

First, Bitcoin continues to appreciate to $100k and domain BTC.D doesn't go above 50.
That is the ideal level for all altcoins to rally, not just Cardano. Cardano's smart contract launched and nothing changed too much in price. So only the above option is reasonable.

it will surely await the moment when the adoption of the Cardano blockchain explodes. and that situation might be like SOL and BSC.
if the adoption doesn't happen, then ADA might have a hard time even getting to $5. developers seem to have to work harder to make a major update.

LOL. Cardano has been overvalued, more than 100x, since the beginning of 2021. The ability to increase the price of this project will also be difficult, but at $5 is acceptable.
Cardano is still very new and has not yet created any user access to the project's ecosystem. The smart contract they call 'code on chain' has just launched and to have a real product will take time to create.

[sayam]

There is no denying that the future of Cardano is very bright. Exceeding the 5 $ mark is not a big deal, if all goes well, I think Cardano will cross the 5 $ mark by the end of this year. But no matter how bright the future, I don't think Cardano will ever be able to replace Ethereum.

[Ekyfitri]

There is no denying that the future of Cardano is very bright. Exceeding the 5 $ mark is not a big deal, if all goes well, I think Cardano will cross the 5 $ mark by the end of this year. But no matter how bright the future, I don't think Cardano will ever be able to replace Ethereum.

do you mean smoothly is an update that is being run by the Cardano developers?
This progress will surely be seen in the long run. even for the end of this year, I'm not sure all will be ready to bring the ADA to $5. it also depends on the potential of market support in the next year. if all doesn't go as expected, I think the ADA will have a really hard time getting their big adoption.

[SyndicateLabs]

I don't know what to tell you but $5 is not a very difficult goal for ADA,
they are changing a lot more than before although it can't say much but ADA has always shown that they are one of the potential platforms because basically we haven't seen much with it. expectation. I think maybe in the future when they make a lot of plans to build and develop the ecosystem and it will drive the price of ADA up.

[zasad@]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

I don't think Cardano will be able to replace any of the competitors, because they are very far behind the competition.
On the hype, the price of the coin has grown well, but you do not need to burden yourself with hopes that the crypto market will continue to grow.
In the next bull cycle, there may be such a price, but now it is very reckless to buy this coin.

[Ararbermas]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees?  

although there's an issue with cardano perhaps it cannot stop the project to make good improvement in the future, and yes many analyst saying cardano will bump more before this year end and i agree with them, it's just the bearish take over the market reasons it goes dip as well along with other alts after the fork, but so far at this point it still keep regaining , and in fact it's now listed in CMC as a trending coin despite of the current situation. so expect after days or weeks there will be an improvement again.

[TimeTeller]

I'm sure if one day the price of ADA can reach $5, but for ADA to replace Ethereum, it will never happen, because there are already many blockchain projects that have very low gas fees than Ethereum, but until now the project still cannot replace Ethereum, therefore I believe that Ethereum will never be replaced and will remain in position 2 on coinmarketcap.

Aiming to replace ethereum is actually a very big challenge for any network out there.
Instead of targeting to replace it, better aim for more projects to be deployed under ADA.
Because the more projects that are successful, the better chance for this network to achieve $5.
Without continuous progress on the network, it would be hard for them to attract developers as well as users.
But if they see large number of projects that are successful using their network, good things will follow thru.

[NicNacCoin]

At present we can see if we notice Cardano A coin of good quality. 24 hours in terms of trading volume Is in the fourth position. But of course this coin will go to a better position in the future and the price will increase a lot. Considering and analyzing different aspects, of course, something good can be seen in the future. It could very quickly position itself within 5 dollars.Those of you who want to buy and invest in this coin can still invest and the price is very low.

[lalabotax]

Actually, ADA has good fundamentals, and also this coin has good news and events recently and later. But we know that the crypto market is still starting to rise. That is why it may also influence the price of altcoins including ADA.
The ATH of ADA itself is $3.10 and this was in September 2021.
I missed to see ADA in that ATH. I really expect that at least this coin will really reach the ATH again. And if it can reach $%, it will be very interesting and wow to have this

[Rigon]

Cardano is a good coin in cryptocurrency.We can all see that Cardano's position is in the fourth position among all coins. So here we can judge that it must be a very good quality coin.Then its price will definitely increase. However, between 2021 and 2022, the price is expected to be above 5$.

[Sayeds56]

There is no denying that the future of Cardano is very bright. Exceeding the 5 $ mark is not a big deal, if all goes well, I think Cardano will cross the 5 $ mark by the end of this year. But no matter how bright the future, I don't think Cardano will ever be able to replace Ethereum.

Absolutely right. Cardano has great future because its developers have been working hard to improve its network, make it useable for creating smart contracts and do everything they can to keep transaction fee to the minimum. Its price will definitely sky rocket once new contracts start launching on its network. Technically speaking, caradano is in consolidation phase since many weeks and Breakout from here will take to 3$ but it will take much time before it hits 5$..

[hichamito37]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

For Cardano (ADA) to reach $5 value is possible, just a matter of time. And as you ask, can Cardano replace Ethereum and solve the huge gas fee problem?
My answer is absolutely possible, but besides ADA there are many other competing networks with very cheap fees such as BNB, SOL, MATIC, DOT… This will make ADA not the only network that can be used right now. multi-blockchains, competition is inevitable.

[bluebit25]

Cardano is a good coin in cryptocurrency.We can all see that Cardano's position is in the fourth position among all coins. So here we can judge that it must be a very good quality coin.Then its price will definitely increase. However, between 2021 and 2022, the price is expected to be above 5$.

There is no question, ADA is proving to everyone their great potential in this space.
And given the current state of the market, I'm pretty sure $5 is still a modest price, even if it's a much better price if the market performance is as good as it is now.

[josephdd1]

The Cardano price is forecasted to reach $2.89801 by the beginning of October 2021. The expected maximum price is $3.62251, minimum price $2.46331. The Cardano price prediction for the end of the month is $2.89801, after the Alonzo Fork. But what will make it achieve $ 5 and when will it happen? Will Cardano position itself to replace Ethereum and tackle the issue of huge gas fees? 

As for me Cardano is very Undervalued Compared to Ethereum. The research report published by Grayscale shows how the fundamentals of this cryptocurrency have improved over the past year.
Cardano launched the smart contracts feature with the Alonzo update this year, making it is easier for decentralized applications to launch and develop.
According to the report, Cardano currently calculates a larger payment amount per unit of market capitalization than its competitors (Ethereum and Polkadot), which suggests that the asset may be undervalued.
Cardano is already catching up with mainstream networks. In Bitcoin's network total BTC payment value is 3,1 trillion dollar, in Ethereum-2,8 and in Cardano 1,67!