2021-09-10 08:00:00

[Comment] The third-biggest cryptocurrency, Cardano, will be own all-time highs by the end of the year

Image Source: BlockArabia


Nigel Green, Chief Executive and Founder of deVere Group/ CEO of deVere Crypto App


The price of Cardano, the third biggest cryptocurrency behind Bitcoin and Ethereum, will beat its own all-time highs by the end of the year, reaching $4 by the end of 2021. It shows ahead of Cardano’s long-awaited tech upgrade on Sunday, September 12.

Last month, I predicted that the price of Cardano will reach all-time highs at the beginning of September, “hitting more than $3.”  it was correct – it reached $3.10 on September 2.

 Cardano (ADA) is now the world’s third-largest crypto behind ‘scene stealers’ Bitcoin and Ethereum. Its price has increased by around 1668% during the year so far. This impressive momentum is set to gain further pace as we move towards the end of the year. I believe we can expect Cardano to hit fresh all-time highs, reaching more than $4 by the end of 2021.

The upward trajectory will be fuelled largely by Sunday’s highly anticipated ‘Alonzo’ tech upgrade.  This overhaul will allow smart contracts to be built on the network, making the Cardano blockchain even more attractive to even more users.

The major upgrade will give those who don’t necessarily have technical backgrounds the opportunity to create smart contracts. Smart contracts are pieces of code that allow individuals to enter financial agreements without the need for a centralized party.

There’s no doubt that smart contracts are going to revolutionize most sectors, including finance, real estate, legal, healthcare, and gaming. And this is why Cardano is increasingly attractive for forward-thinking investors.

In conclusion, Cardano launching smart contracts on Sunday will further galvanize its growing position in the crypto market.

On the back of this considerable upgrade, it can be expected to grab significant market share and, as a result, its price will continue its upward trajectory for the rest of 2021 and beyond.



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