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'd say that a price of $20 per coin is insane. It's like saying Dogecoin will reach $1 to $2 by the end of the year. What "kills" ADA is the large number of coins in circulation. ADA's total supply consists of billions of coins which is much higher than its competitors. With a price of $20 per coin, Cardano would've already surpassed Bitcoin as the largest cryptocurrency by market cap.
Besides, there are no real use cases for the platform. Without a solid ecosystem of dApps, tokens, and services, I don't see Cardano competing with big players like Ethereum and Binance Chain. As long as the cryptocurrency lacks usability, price per coin won't be going anywhere. I think ADA will reach $3 - $5 by the end of the year. Anything more than that will not be sustainable in the long run. Just my thoughts
