The development of the Cardano was influenced by the work of Gerolamo Cardano, an Italian polymath, and it was introduced to the market in 2017. Charles Hoskinson, the creator of Cardano, provided information regarding the Alonzo hard fork in August 2021. As a result of this announcement, ADA’s price jumped by 116% the following month.
Like the Ethereum merge, the launch of the Vasil hard fork was one of the team’s most highly anticipated updates. Despite some difficulties encountered along the way, the hard fork was a success.
Cardano has recently breached the price level of $0.6. According to recent data, ADA has dropped by over 3% in the last 24 hours. Cardano is still trading in the red alongside the whole cryptocurrency market. With Christmas almost here, here is our price prediction for Cardano this Christmas.
Also read: Solana (SOL) Weekend Price: Can SOL Hit $100?
ADA price prediction for Christmas
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Cardano’s ADA can shoot up in price this Christmas.
Based on ADA’s behavior at the start of 2023, cryptocurrency experts at Changelly offer their price prediction for Cardano for Christmas. For this timeframe, ADA’s price is anticipated to be $0.598798. For the end of December, the minimum price is anticipated to be $0.568. The maximum price is expected to reach $0.676.
Also read: BONK Surges 100% Post Binance Listing News: Will It Dethrone Shiba Inu?
According to the latest CoinMarketCap data, Cardano is trading at $0.6317, with a 3.35% drop in value over the last 24 hours. ADA has currently surged past the $0.600 resistance. It should remain to be seen whether ADA can hold that level. However, prices can fluctuate and vary depending on the overall market conditions.