Cardano’s price should reach $4 by the end of 2021, one industry analyst predicts.
deVere Group founder and chief executive Nigel Green said he is bullish about Cardano, which is generating plenty of enthusiasm as a much-anticipated technology upgrade is scheduled for Sept. 12. Green has recent success predicting Cardano’s path. In August he insisted it would soon top $3, which it did Sept. 2, when its price was $3.10.
“Cardano (ADA) is now the world’s third-largest crypto behind scene stealers Bitcoin and Ethereum,” Green said recently. “Its price has increased by around 1668 percent 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.”
Green said that push will mostly be fueled by this Sunday’s Alonzo technology upgrade, which will allow smart contracts to be built on the Cardano network. This development has generated plenty of dialogue on discussion groups and in social media.
“The major upgrade will give those who don’t necessarily have technical backgrounds the opportunity to create smart contracts,” Green explained. “Smart contracts are pieces of code that allow individuals to enter financial agreements without the need for a centralized party.”
Green, who launched the deVere Crypto app three years ago, said he has no doubt smart contracts will revolutionize many sectors of business, including finance, real estate, legal services, healthcare, and gaming.
“And this is why Cardano is increasingly attractive for forward-thinking investors,” Green said “There’s a now real sense it is about to break out,” he added in an interview in August.
“Cardano launching smart contracts on Sunday will further galvanize its growing position in the crypto market,” Green said in conclusion. “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.”