IMPORTANT POINTS:
- Cardano has soared more than 37% in the last week and investors are wondering if there is any upside left.
- Recently, the token reached a key milestone by reporting $70 million in total value locked (TVL), marking a 520% increase since the beginning of 2023.
- According to machine learning algorithms powered by artificial intelligence, ADA will rise about 4% by December 25.
In recent weeks, the main cryptocurrencies have skyrocketed, although some fell slightly. In this somewhat uncertain and volatile context, investors are looking for opportunities in the market.
Regarding Cardano (ADA), its price is up over 70% year-to-date and reached a major milestone by recently surpassing $370 million in total value locked (TVL), indicating a 520% jump. from the beginning of 2023.
What lies ahead for Cardano?
Cryptocurrencies are characterized by increasing in the last two months of the year and, based on current market movements, it could be said that 2023 will not be the exception.
To determine the future of Cardano, PricePredictions, a platform that works with machine learning algorithms powered by artificial intelligence, was used.
According to the AI, Cardano will be at $0.57 by Christmas (December 25), which represents an increase of almost 4%.
At the time of writing, ADA was trading at $0.55 after collapsing 6.5% in the last 24 hours. In any case, his weekly profit is more than 37%.
Notably, Cardano has outperformed almost 70% of the top 100 cryptocurrencies in the market so far this year, representing an attractive token for investors.
Furthermore, ADA’s market capitalization exceeded $19.5 billion, placing it in eighth place in the crypto ranking.
