Cardano Price: How high Can The ADA Price Go in December?

Cardano (ADA) has been on the rise, recently hitting $1.088. Big investors, known as "whales," are buying large amounts of ADA, while fewer people are selling. This has created a lot of excitement about how far Cardano price might climb this December. Here’s a look at what’s behind this surge and what could happen next.

How has the Cardano (ADA) Price Moved Recently?

ADA/USD Daily Chart- TradingView

Cardano (ADA) is currently priced at $1.09329 , with a 24-hour trading volume of $6.46 billion, a market cap of $38.35 billion, and a market dominance of 1.12%. Over the past 24 hours, ADA's price has risen by 2.20%.

Cardano price reached its all-time high of $3.10 on September 2, 2021, while its all-time low of $0.017354 was recorded on October 1, 2017. Since its peak, ADA's lowest price was $0.234392 (cycle low), and the highest price since that low was $1.18772 (cycle high). Market sentiment for ADA is currently bullish, with the Fear & Greed Index reflecting "Extreme Greed" at a score of 80.

Cardano's circulating supply stands at 35.07 billion ADA, out of a maximum supply of 45 billion. The annual supply inflation rate is 3.71%, with 1.25 billion ADA added to the supply in the past year.

Why Cardano (ADA) price is up?

Image Source: IntoTheBlock

Cardano’s (ADA) recent price jump can largely be traced back to some serious whale activity. In the past week, big-time investors—those holding between 100 million and 1 billion ADA coins—have added a whopping $276 million worth of ADA to their portfolios. 

This kind of buying spree doesn’t just happen randomly; it’s often a sign that these major players are confident about where the price of ADA is headed.

So, why does this matter? When whales start stockpiling a cryptocurrency, it reduces the amount of that coin available in the market. With less ADA in circulation and more demand building, the price naturally climbs. 

It’s like supply and demand 101 but on a massive crypto scale. Plus, when these big investors make moves, it sends a message to the rest of the market that ADA might be a smart play right now. That confidence spreads, attracting more buyers and adding to the upward momentum.

What’s next? If the whales keep this up, we could see ADA price rise even further, as their actions often set the tone for market trends. That said, it’s always good to keep an eye on things—if these investors start selling to cash in on their gains, it could cause some short-term dips. But for now, the outlook is bright, and Cardano seems to be riding a solid wave of positivity.

How high Can The Cardano (ADA) Price Go?

Cardano (ADA) has shown impressive resilience and growth over the past year, with its price increasing by 177%, outpacing 68% of the top 100 crypto assets. Notably, it has outperformed even major players like Bitcoin and Ethereum, highlighting its unique market position and growing investor confidence. 

These strong fundamentals, combined with a positive technical outlook, suggest that ADA has room for further growth.

Currently, ADA price is trading above its 200-day simple moving average, a key indicator of bullish momentum. The token has also recorded 23 green days in the last 30, indicating sustained upward movement and market optimism. Its high liquidity relative to market cap makes ADA less susceptible to dramatic price swings compared to smaller-cap cryptocurrencies, adding to its appeal as a reliable investment. 

However, it’s worth noting that ADA is still down 65% from its all-time high of $3.10, leaving significant upside potential if market conditions align favorably.

Looking ahead, ADA’s potential for price growth will depend on several factors. If the current whale accumulation trend continues, reducing circulating supply while boosting demand, ADA could see significant upward pressure. 

Additionally, its yearly inflation rate of 3.71%—while moderate—adds new supply to the market, meaning sustained demand will be critical for further gains. The cryptocurrency market’s inherent volatility, however, means that ADA’s price is likely to experience fluctuations along the way.

In the near term, if positive market sentiment persists and Cardano continues to attract large-scale investors, a price target near its cycle high of $1.18 seems plausible. Over the medium to long term, breaking past psychological barriers like $1.50 could be achievable if broader market conditions remain supportive and Cardano’s ecosystem continues to grow. While reaching its all-time high of $3.10 may require a broader market rally, ADA’s performance and fundamentals suggest it is well-positioned for steady upward momentum.