Cardano

Cryptocurrency

Bitcoin

<div class="finbold"> 
 <p class="paragraph">As the Christmas festive season draws near, there is usually an increase in investor interest in the cryptocurrency market, with many actively seeking promising opportunities to achieve significant returns.</p> 
 <div></div>
 <p class="paragraph">In what was a notably positive year for Cardano (ADA), as its price increased over 70%, it has also recently surpassed a threshold of $370 million in total value locked (TVL), an increase of 520% since the start of 2023.&nbsp;</p> 
 <p class="paragraph">Historically, specific cryptocurrencies have demonstrated an increase in value during this timeframe, fostering expectations among investors for similar trends. Assets such as ADA have garnered attention from those aiming to capitalize on short-term movements.</p> 
 <p class="paragraph">Considering these dynamics, Finbold employed <em>PricePredictions</em> and its AI-driven machine <a rel="dofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> algorithms. These algorithms meticulously assess the ever-changing market conditions and analyze relevant indicators to forecast the likelihood of ADA seeing gains by Christmas day.</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" loading="lazy" width="1024" height="462" src="https://cdn.thebittimes.com/images/2023/12/11/2f02ff8531f212b3d11ed667fa80460b.webp" alt="ADA price prediction for December 25th. Source: PricePredictions
" class="wp-image-142437" srcset="https://cdn.thebittimes.com/images/2023/12/11/2f02ff8531f212b3d11ed667fa80460b.webp 1024w, https://cdn.thebittimes.com/images/2023/12/11/2f02ff8531f212b3d11ed667fa80460b.webp 300w, https://cdn.thebittimes.com/images/2023/12/11/2f02ff8531f212b3d11ed667fa80460b.webp 768w, https://cdn.thebittimes.com/images/2023/12/11/2f02ff8531f212b3d11ed667fa80460b.webp 1536w, https://cdn.thebittimes.com/images/2023/12/11/2f02ff8531f212b3d11ed667fa80460b.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ADA price prediction for December 25th. Source: PricePredictions 
  </figcaption>
 </figure> 
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8"> 
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto"> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/11/bb5aef6b768844d402a15bbbc61e8fae.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="top-3-cryptocurrencies-under-1-to-buy-this-week"> Top 3 cryptocurrencies under $1 to buy this week </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/11/e2e903f436efb6cb4503874792b4b4bf.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="this-is-when-bnb-will-begin-a-bullish-breakout"> This is when BNB will begin a bullish breakout </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/11/64201e25f2532a23391961c393d5bb8e.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="this-altcoin-can-explode-500-if-current-momentum-holds"> This altcoin can explode 500% if current momentum holds </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/10/bd36b54962216efbdadf1ff9818142a0.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="this-decade-old-article-reveals-chatgtp-s-ceo-true-thoughts-on-bitcoin"> This decade-old article reveals ChatGTP's CEO true thoughts on Bitcoin </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/11/d1083c7065c62b3c20050c90e1e04211.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="cardano-founder-says-crypto-industry-doesn-t-need-bitcoin-to-survive"> Cardano founder says crypto industry 'doesn't need Bitcoin to survive' </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <p class="paragraph">The algorithms project that Cardano will increase to $0.578835 by December 25, representing a 3.69% increase from the current asset <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at the time of publication.</p> 
 <h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano price analysis</h2> 
 <p class="paragraph">In addition to the increases in <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> and total value locked, ADA is showcasing a significant uptick in the trading volume in the recent period. A surge in decentralized exchange (DEX) volume, surpassing $12 million, coincided shortly after ADA hit the $0.50 mark.</p> 
 <p class="paragraph">According to data from <em>DefiLlama</em>, trading volume on Cardano DEXs exceeded $12 million on December 9, experiencing a 140% weekly surge to reach $50 million within 24 hours.</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" loading="lazy" width="1024" height="244" src="https://cdn.thebittimes.com/images/2023/12/11/46e32275f122c28ace035237ed6c009b.webp" alt="Cardano trading volume chart. Source: DefiLlama
" class="wp-image-142438" srcset="https://cdn.thebittimes.com/images/2023/12/11/46e32275f122c28ace035237ed6c009b.webp 1024w, https://cdn.thebittimes.com/images/2023/12/11/46e32275f122c28ace035237ed6c009b.webp 300w, https://cdn.thebittimes.com/images/2023/12/11/46e32275f122c28ace035237ed6c009b.webp 768w, https://cdn.thebittimes.com/images/2023/12/11/46e32275f122c28ace035237ed6c009b.webp 1536w, https://cdn.thebittimes.com/images/2023/12/11/46e32275f122c28ace035237ed6c009b.webp 1593w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Cardano trading volume chart. Source: DefiLlama 
  </figcaption>
 </figure> 
 <p class="paragraph">At the time of publication, ADA was changing hands at $0.5582, showcasing a decrease of -2.87% in the previous day, contrary to the gains made over the past week, which amount to a 36.15% <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increase, adding to the 45.62% positive change in value in the previous month.</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/12/11/761815f36672e39d1f797f7a5125bcee.webp" alt="ADA 30-day price chart. Source: Finbold
" class="wp-image-142439" srcset="https://cdn.thebittimes.com/images/2023/12/11/761815f36672e39d1f797f7a5125bcee.webp 1024w, https://cdn.thebittimes.com/images/2023/12/11/761815f36672e39d1f797f7a5125bcee.webp 300w, https://cdn.thebittimes.com/images/2023/12/11/761815f36672e39d1f797f7a5125bcee.webp 768w, https://cdn.thebittimes.com/images/2023/12/11/761815f36672e39d1f797f7a5125bcee.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ADA 30-day price chart. Source: Finbold 
  </figcaption>
 </figure> 
 <p class="paragraph">This crypto is showcasing solid fundamentals, with a <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increase of 78% in the last year, which allowed it to outperform 69% of the top 100 crypto assets in the same period.</p> 
 <p class="paragraph">Additionally, it is trading above its 200-day simple moving average and has recorded 17 green days in the last 30 days.</p> 
 <p class="paragraph">However, it is essential to note that this cryptocurrency is still down from its all-time high by a considerable percentage of -82%.&nbsp;</p> 
 <p class="paragraph">Despite the recent strong performance, substantial market capitalization, and high trading volume of this digital asset, it’s crucial to bear in mind the inherent volatility of the cryptocurrency market.&nbsp;</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
 <p class="paragraph"> </p>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-cardano-price-xmas-day-tbt73287.html">https://thebittimes.com/machine-learning-algorithm-predicts-cardano-price-xmas-day-tbt73287.html</a></p>

Machine learning algorithm predicts Cardano price Xmas day

Table of Contents

TheBitTimes

Other articles published on Dec 11, 2023

Bitcoin (BTC) Price Analysis: Two-Way Risk Finally Returns – 12 December 2023

GFO-X Completes $30M Series B Funding Round

The Oasis Networks (ROSE) Is Rising Upward, Will It Still Rise?

Top 3 Altcoins Poised for Significant Growth Following ETF Approval

Ripple Vs. SEC: Pro-XRP Lawyer Slams Former SEC Boss For ‘Misrepresenting Facts’

Daily Analysis: BTC, ETH, AVAX, SOL, LINK

Join our free newsletter for daily crypto updates!