Algorithm Forecasts Cardano Price on Christmas Day Using Machine Learning

Posted under: AI technologies
Date: 2023-12-12
Algorithm Forecasts Cardano Price on Christmas Day Using Machine Learning

As the Christmas season approaches, investor interest in the cryptocurrency market is on the rise, particularly focusing on assets with promising opportunities. Cardano (ADA) has had a positive year, witnessing a 70% price increase and surpassing $370 million in total value locked (TVL), marking a 520% surge since the beginning of 2023. Recognizing historical trends of cryptocurrencies gaining value during the festive season, Finbold utilized AI-driven machine learning algorithms from PricePredictions to forecast ADA's potential gains by Christmas day. Cardano is projected to rise to $0.578835 by December 25, a 3.69% increase from its current price. ADA has experienced price and TVL growth, surpassing $12 million on decentralized exchanges. Despite a -2.87% daily decrease, ADA has shown a 36.15% weekly increase and a 45.62% positive change in the past month.

Read more at: finbold.com