Cardano (ADA) is one of the most popular cryptocurrency projects. However, the token’s price has struggled for most of 2023. Nonetheless, ADA has regained momentum in the last few months. According to crypto analysis firm Santiment, ADA’s price reached $0.633, its highest point since June 2022. Furthermore, the firm notes that yesterday, 4% of all cryptocurrency discussions were related to ADA. The increase in discussions shows that ADA still holds investor sentiment and has reentered public thought.
Also Read: Cardano (ADA) Forecasted To Rise 90%, Hit $0.75: Here is When
Despite the surge in Cardano’s (ADA) price yesterday, the asset has since cooled down, following the general market sentiment. ADA has faced an 8% correction in the daily charts. However, the token is still up 34.1% over the previous week and 45.5% since last month.
Cardano (ADA) price prediction for mid-December 2023
PricePredictions anticipates ADA to consolidate at around current levels. The machine learning algorithm expects ADA to dip to $0.5293 on Dec. 17, 2023, a drop of around 3.5% from current levels. However, the platform predicts ADA to pick up momentum by the end of the year.
CoinCodex also anticipates Cardano (ADA) to dip in the next few days. According to the platform, ADA’s price will drop to $0.5200 on Dec. 18, 2023, a dip of around 5.2% from current levels. However, CoinCodex also predicts ADA to regain steam by the end of the year.
According to Changelly, ADA could drop to $0.5364 by Dec. 17, 2023, a fall of around 2.2% from current levels. However, Changelly also anticipates Cardano (ADA) to make gains by the end of December, breaching the $0.60 territory again.
Also Read: Cardano Boosts Market Cap by $1B; When Will ADA Reach $0.75?
Cardano (ADA) recently added $1 billion to its market cap amid rising trade volumes. The eighth-largest cryptocurrency project now has a market cap of $15.5 billion.