{"id":186008,"date":"2021-09-23T01:00:48","date_gmt":"2021-09-22T19:30:48","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=186008"},"modified":"2021-09-22T16:02:23","modified_gmt":"2021-09-22T10:32:23","slug":"will-cardano-make-it-to-4-by-the-end-of-this-year","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-cardano-make-it-to-4-by-the-end-of-this-year\/","title":{"rendered":"Will Cardano make it to $4 by the end of this year"},"content":{"rendered":"

Bitcoin and Ethereum are the 2 biggest and well-known cryptocurrencies. But a competitor now sits in the third place, after a spectacular rise this year.<\/p>\n

Cardano\u00a0(and its native token ADA) witnessed a noteworthy performance. It’s Year-to-date returns, recorded a surge of 1,027%. Even though it entered a period of major consolidation, it soon commenced a recovery path at press time. It was currently trading at the $2.15 mark with a 1.2% hike in 24 hours.<\/p>\n

\"\"<\/a>
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n

A bullish narrative commences?\u00a0<\/strong><\/p>\n

Well, the CEO of one of the world\u2019s leading independent financial advisory companies is certainly bullish on ADA. Nigel Green, of the deVere Group while speaking with Business Insider<\/a> expressed an optimistic outlook for this trending alt.<\/p>\n

Green said it won\u2019t take long before Cardano is setting fresh highs thanks to the broader crypto rally. Mainly due to its recent technological upgrade<\/a>, coupled with its reputation as a “green” currency. Ergo, “…it could soon attain new highs and eventually reach $4 by the end of the year,” he added.<\/p>\n

Surely, the token traveled a long way, from where it started its journey. “Cardano is on a clear upward trajectory and there\u2019s no reason to think that this will come to a halt any time soon,” he told the interviewer. Further, he said,<\/p>\n

“People say it has come \u2018from nowhere\u2019 and it\u2019s \u2018an overnight success\u2019 but this is not true.\u00a0It was created by Ethereum co-founder Charles Hoskinson and launched in 2017, and experts have been seriously watching it with growing interest for more than 18 months.\u201d<\/p><\/blockquote>\n

Nigel Green’s prediction<\/a> last month, that cardano would hit $3 proved to be accurate.\u00a0Green ADA would surge in early September. That\u2019s exactly what it did. The altcoin peaked at $3.10 on September 2. The price did however collapse a bit at the time of writing. Irrespective of that, Green is convinced that Cardano will be able to bounce back, together with other top cryptocurrencies while benefiting from its green cred. Ergo, it would reach $4 by the end of 2021.<\/p>\n

Long-term Cardano fan, Green opined,<\/p>\n

“I\u2019ve been bullish on Cardano for a long time, amongst other cryptocurrencies.\u00a0But there\u2019s a now real sense it is about to break out.\u201d<\/p><\/blockquote>\n

It is interesting to note this, Cardano was added<\/a> to deVere Crypto as per the official blog. It\u00a0joined<\/a> other major digital currencies including Bitcoin, Ethereum, Dash, Bitcoin Cash, XRP, and Dogecoin.<\/p>\n

Having said that, the recent consolidation could put Cardano at a risk of 23% sell-off.<\/a>\u00a0Various indicators such as RSI, Awesome Oscillator among others have raised a red flag. Ergo, indicating<\/a> a price drop.<\/p>\n

“ADA will be expected to decline to the support zone of $1.70-$1.84”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Bitcoin and Ethereum are the 2 biggest and well-known cryptocurrencies. But a competitor now sits in the third place, after a spectacular rise this year. Cardano\u00a0(and its native token ADA) witnessed a noteworthy performance. It’s Year-to-date returns, recorded a surge of 1,027%. Even though it entered a period of major consolidation, it soon commenced aContinue reading “Will Cardano make it to $4 by the end of this year”<\/span><\/a><\/p>\n","protected":false},"author":68,"featured_media":186099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-186008","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nWill Cardano make it to $4 by the end of this year - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Cardano\u00a0(and its native token ADA) witnessed a noteworthy performance. It's Year-to-date returns, recorded a surge of 1,027%. 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