Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, has appeared at the forefront of various crypto news outlets following the near achievement of a new historical landmark.
After many years of poor market runs and significant setbacks, ADA is finally on the verge of concluding this year on an impressive note.
Realizing the above impending occurrence has spewed massive euphoria in the Cardano community, as most ADA faithful seemed to have lost count of the different occasions ADA completed a year with no significant improvement, especially in market valuation.
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Cardano (ADA) Present Price Actions Compared To Past Years
According to data on CoinGecko, a leading crypto assets tracking platform, Cardano (ADA) is priced at approximately $0.62, reflecting a 0.3% spike in the past 24 hours.
Despite this unimpressive price performance over the last 24 hours, data from Cryptorank shows that Cardano (ADA) is uniquely positioned to end December on a stellar note.
Cardano (ADA) has been remarkably impressive this year despite the bearish stronghold that seemed to overshadow activities in the market throughout the year. The digital asset in question recorded a whopping 150% increase in price in 2023, a value which could increase as the year still has a few days to go before conclusion.
Intriguingly, other market variables have been outstanding as well. Cardano (ADA) boasts a market cap of $21,671,442,913 and a trading volume of $806,270,936. Over the past 30 days, it recorded a 61% price surge.
The last time the digital asset closed a year remarkably was in 2017 when it concluded the year with a remarkable 517% price increase. December 2018 did not end with a loss. However, it recorded a not-too-significant 6.1% spike.
For 2019, ADA finished the year registering an 18.6% decline. In 2020, it concluded on a positive note. However, a 6.4% increment can not be said to be impressive. Years 2021 and 2022 saw declines of about 16% and 23%, respectively.
Should the current pace be sustained, Cardano (ADA) would have broken a more than six-year growth record.
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Google Bard: Cardano (ADA) Price Prediction For 2024
Building on an already impressive year, Google Bard was consulted to give possible price projections for Cardano (ADA) after the conclusion of the Bitcoin halving event.
It is no longer news that the Bitcoin halving event is estimated to play out in April 2024. As expected, most crypto assets will be consolidating in anticipation of the general market rally expected to accompany the halving event.
According to Google Bard, different prices could play out depending on three scenarios. Should Bitcoin record a moderate surge, ADA’s market value could fall between $0.75 and $1.20.
A Bitcoin strong surge would catalyze ADA’s rally to price marks between $1 and $1.8. Finally, a bull scenario would send its price to levels between $1.25 and $2.5.
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