Post
Topic
Board Speculation (Altcoins)
Re: Can Cardano really reach 20$+ near end of year?
by
irixo10
on 03/08/2021, 18:33:25 UTC
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 is a good coin, I don't doubt it a bit, in fact it is one of my best coins which I hold, but even at that, I think giving such prediction or speculation about ADA is kind of we are expecting much from the team when they haven't done much as well or will I say it is too much. The reason for this is, when we look at coins which have grown so much and unexpectedly pumping so much that they took many people by surprise we talk of coins with already working blockchain on which many projects are listed, launched on and developing their use case on that network. A good example for clarification is BNB, we can remember the price of BNB last year, then when BSC network went online and started getting more attention due to low fee etc, the price of BNB shot up, and as more projects launched it also contributes to it, and look at the price today; although coin burn also helped.
So I would ask, how many projects are leveraging the ADA blockchain? Until more projects starts finding it easy to launch on ADA, I think the price of ADA might find it hard reaching 10$ let alone $20. More projects on a blockchain brings more investors to that blockchain.