No one will be sure what the value of ADA can achieve, it is priced from the market basis. ADA trends are pretty good for their own smart contract development news. That hit a huge volume for ADA the past 2 weeks. It's an impressive development on their promise. But hitting $20 this year is really unlikely. If institutional investors decide to integrate into ADA then based on market trend it could hit $8 I guess
That's a big dream that is unlikely to happen, you know, when we make a target price, we should not only consider the movement of ADA, but also the movement of other major altcoins and most especially bitcoin, because if bitcoin is bearish, then most probably ADA would just follow the trend.
Yes, although it was altcoin season right now but let not forget all thanks to Bitcoin's price comeback. Any movement of altcoins in this season will depend on Bitcoin as well. I can't see ADA hit $20 without some exceptional pump for Bitcoin so if anyone wants to talk about ADA's $20 price mark, then you should start talking about Bitcoin price increase too.