As the Bitcoin price surpassed $17,000 on 1st december and currently at $16,986.93, it appears that the crypto market has entered a recovery mode. The tokens are holding above the lower support, despite the fact that bears are still mounting significant pressure. Meanwhile, the short-term projections for Cardano’s (ADA) price is also undergoing a slight recovery in the past couple of days as the markets is somewhere between $0.3188 this week.
As per the renowned analyst Cowen says that the bear-market resistance band is offering resistance from where the ADA price is facing constant rejections, so Cardano (ADA) price may bottom around $0.1 to $0.2, somewhere in 2023.
On the other hand, Crypto expert Coinpedia’s cradano price prediction for 2023 is $0.8555. They have anticipated price of ADA as high as $1.1308 and lowest to $0.5993.
Do you think Cardano a good investment in Dec 2022 or 2023, amidst newer higher-performing entrants?