Here is how it all breaks down. The poll has two large polarized groups–the bulls (21%) and the bears (13%). The truth could be somewhere in between. The weighted average of all votes comes to $1.136.
Your prediction must be in 0.06-0.12 range then… or 4.01-5 range (depending on your definition of “not very bullish”). The only other price range not covered is zero to 0.01 range.
Jan 2019 max price poll showed that those who voted for 0.05 were closer to the actual price than any other group. In that poll this group constituted around 7% of votes which was half the size of the largest group which voted for $0.10.
If we extend the same logic to this poll, which by no means should be taken as science or financial advice here, the year-end price should be between 0.51 and $3, or $1.75 if you like to average. The largest group (21%) says the year end price will be around $1 - 1.5. the groups that are half that size (i.e. around 10%) predict the price at $0.51-3.
That’s correct. I like to analyze structural asymmetries and let the time take care of the rest. In the interim you’d see all sorts of events/conditions play out, but they are of little consequence, if the projects continue and if you have patience and nerves to stick to your plan.
Crypto in general demonstrates that potential although it is hard to predict who will be on the top. Judging by the caliber of talent (which is a fundamental factor), Cardano isn’t in a bad position.
I voted $2 to $3 probably vote the same way today but 1.13 is definitely reasonable based on what happened yesterday as far as I’m concerned. Hope I’m right!