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?
Honestly it's tough to price predict alts because of the reliance on bitcoins price. If bitcoin goes over 100k I can see cardano getting to like max $10 but what if bitcoin goes to 20k? $20 seems insane of a price valuation. So it's a little silly trying to Guage altcoin prices in usd. Peg them to sats and its a little easier.
The dominance of ADA increased beating BNB in the 3rd position. ADA right now is about $2.80is a big leap for ADA since its launch of smart contract this September is speculated by investors. It's very exciting to see how the market reacts after the launch because normally investors will also be selling after it. But the preparation of the release was already ironed well since there are tokens also migrating to ADA along with this launch.
I'm not sure whether to sell my holdings after the launch.