After accurately predicting Cardano’s rise to $3.00, the CEO of financial advisory firm deVere Group is unveiling his latest set of crypto predictions.
The price of ADA now hovers at $2.22 after hitting $3.10 on September 2nd, but Nigel Green tells Business Insider that the third-largest cryptocurrency by market cap will resume its rally and hit $4 by the end of the year.
He points to a broader crypto rally, the recent rollout of smart contract functionality, and Cardano’s reputation as a “green” currency as fundamental factors that will drive adoption.
Green says he is also bullish on Ethereum based on the same standard. He anticipates Bitcoin will rally to $65,000 within the year, but believes that ETH will outperform the benchmark crypto.
“First, Ether has a higher level of real-use potential as Ethereum, the platform on which it is the native cryptocurrency, is the most in-demand development platform for smart contracts.
Second, investor enthusiasm for the game-changing transition to ETH 2.0, which makes the Ethereum network considerably more scalable, sustainable, and secure.”
Green also believes XRP is will likely witness a rally that will be reminiscent of Cardano’s meteoric rise.
“According to most analysis, XRP could experience a breakout similar to that of Cardano over the next few months.”
Green is also sharing how he predicts the success of crypto assets.
“Things you should be looking at are, the purpose of the cryptocurrency, how long it has been in the market, market capitalization, and its underlying solutions.
Cryptocurrencies that solve problems are likely to succeed more than those that do not.”
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