Expert: Market Goes Up, BTC, ETH, XRP, and ADA Will Hit New Highs

Expert: Market Goes Up, BTC, ETH, XRP, and ADA Will Hit New Highs

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Just after Jerome Powell’s speech, the cryptocurrency market recovered to show positive growth.

The neutral tone of the Fed chairman’s speech calmed the markets. Cryptocurrencies are recovering a bullish trend. Meantime, bitcoin is growing more slowly than altcoins, and Bitcoin Dominance is declining. This means that investors are confident about altcoins’ future. The king of cryptocurrencies is still the king, but traders understand that the greatest income can be obtained from those cryptocurrencies that are connected with innovations, including NFT, DeFi, GameFi (decentralized games with support for cryptocurrencies).

The growth leaders are the projects that compete with Ethereum as a platform for launching innovative products. Solana (SOL), Polkadot (DOT), Avalanche (AVAX), Terra (LUNA) are growing by tens of percent because they have advantages when compared with the Ethereum blockchain in terms of performance and scalability.

Big projects like Cardano (ADA) try to get the attention of developers. IO Global, the company behind the creation of Cardano, is holding the Cardano Summit 2021 on September 25-26, at which cool terms of the partnership will be announced. Earlier, the founder of Cardano, Charles Hoskinson, said that he hopes for a large growth of the ecosystem. On September 4, the Alonzo upgrade was successfully completed on the Cardano blockchain.

ADA updated its all-time high at $3.1 on expectations. Later, it corrected by more than 30%. But now it is growing again and by the end of the year, according to experts, it can turn 25% more profit to the hodlers. Nigel Green, CEO of financial consulting firm deVere Group thinks so. The expert points out that ADA’s recognition as a “green” cryptocurrency also speaks in favor of the growth. The target level by the end of the year, according to Mr. Green, is at least $4.

Nigel Greene also recommends watching after old currencies: bitcoin, Ethereum, and XRP. The strength of the leading cryptocurrencies is their time-tested stability. This is important for large funds that have played an important role in the cryptocurrency market over the past two years. Nigel Green proposes that bitcoin will return to the $64K price and possibly renew its all-time high, reaching $65K. And the dynamics of ETH will be even higher. The expert points out:

– Ethereum is the most in-demand development platform for smart contracts. [And there is] investor enthusiasm for the game-changing transition to ETH 2.0.

The deVere Group CEO is also positive about XRP. In his opinion, the Ripple cryptocurrency may grow in the coming months no less than Cardano (ADA), that is, by 35-80%.