Thinking that it won’t take long for Cardano (ADA) to reach new heights, deVere Group CEO announced the year-end price target for ADA.
Nigel Green, CEO of deVere Group, one of the world’s leading independent financial advisory firms, is very optimistic about Cardano’s local presence, ADA.
Green, who also made various analyzes on Cardano last month, correctly predicted that the cryptocurrency would rise to $ 3. According to the previously stated by Koinfinans; Cardano crossed the aforementioned level for the first time – in early September – ahead of the much-anticipated smart contract launch, reaching an all-time high of $3.10.
Following this rise, ADA has lost more than 36 percent since its peak on September 2 and has recently dropped below $2 as a result of panic selling in the global crypto market.
In a new price prediction he shared about Cardano, Nigel Green told Business Insider that the fourth-largest cryptocurrency could soon reach new highs, eventually surging as high as $4 by the end of the year.
Green predicts that it will not take long for Cardano to reach new heights and experience an increase of more than 90 percent, thanks to the upcoming rally in the global crypto market, the new technological upgrade that will allow the creation of smart contracts on its network, and its reputation as a “green” currency.
The CEO, who is also optimistic about Ripple despite Ripple’s legal problems, believes that XRP will make a Cardano (ADA)-like exit as a result of developments such as going public:
“According to most analysis, XRP may experience a breakout similar to that of Cardano in the next few months.”
Green, who has a very optimistic attitude about altcoins, stated in an interview with City AM in August that Ethereum is also very likely to overshadow Bitcoin in terms of market value.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.