In a statement on the firm’s official website, Green states that the price of the digital token ADA is surging because of the excitement over the launch of the Cardano-based decentralized exchange (DEX), SundaeSwap.

Read Also: Michaël van de Poppe Outlines Cardano Entry Points amid ADA Price Resurgence

Nigel Green noted:

“Cardano is coming of age in 2022 and we can expect its price to soar and take more market share from crypto rivals, including Ethereum.

“The main reason why Cardano has jumped dramatically in price over the last week is due to the enthusiasm surrounding the launch today of SundaeSwap, which will make use of its pioneering underlying blockchain technology.”

Explaining SundaeSwap further, Green said, “SundaeSwap is a decentralised cryptocurrency exchange on which users can buy, sell, lend, borrow and swap Cardano tokens as well as the exchange’s own SUNDAE token.”

Read Also: Analyst Jason Pizzino Lays Out His Forecast for Cardano (ADA) as the Crypto Market Recovers

It can be recalled that Cardano (ADA) rose from a low of $1.11 on 11th January to hit $1.60 on 18th January.

As stated in the report, 2 billion SUNDAE tokens will be issued at the launch. 55% of the tokens issued are meant to go to the public, 25% to developers, and the rest will go to investors and advisers.

Reiterating his confidence in the future of Cardano, Green said:

“I’m confident that we will see Cardano hit fresh all-time highs before the end of the year because the upgrades just keep on coming.

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“We’re hitting the next stage of Cardano’s five defined eras of development. This next one is called Basho – named after a Japanese poet – and it promises to further improve the scalability and interoperability of the network through both on-chain and off-chain enhancements.

“Inevitably this is going to excite investors who are likely to increase their exposure to the cryptocurrency, driving up its price considerably.”

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The post deVere Group CEO Highlights Why He Thinks Cardano (ADA) Is Coming of Age in 2022 appeared first on Times Tabloid.

In a CityAM report, Nigel Green stated that Ethereum (ETH) should continue to outperform Bitcoin (BTC) in 2021. He also expects the world’s largest smart contracts platform to subsequently exceed the flagship cryptocurrency in terms of value.

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Nigel Green noted:

“Ethereum (ETH) is outperforming Bitcoin (BTC) and it can be expected to continue this trend for the rest of 2021.

“Ether is up around 240 percent this year, while Bitcoin is up less than 38 percent. In fact, it has outperformed all other benchmark assets in the first half of this year.”

Two Key Factors That Currently Drive Ethereum’s Outperformance Run

The deVere Group CEO further pointed to two key factors he thinks are the driving force behind Ethereum’s outstanding performance.

Read Also: CryptoQuant CEO Gives Reasons Why Ethereum (ETH) Is On the Pace to Hit All-Time High Ahead Of Bitcoin (BTC)

Green said:

“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, thereby highlighting that network’s value not only as a platform for developers but as a worldwide financial utility.

“Second, investor enthusiasm for the game-changing transition to ETH 2.0, which makes the Ethereum network considerably more scalable, sustainable and secure.

“These upgrades represent a major boost not just for Ethereum but for blockchain technology itself.”

Read Also: New Partnership Unlocks Instant Bitcoin and Ethereum payments for Over 85,000 Merchants in Switzerland

Ethereum (ETH) Have More Use Potential and Tech Advantages over Bitcoin (BTC)

The deVere boss also pointed out that Ethereum (ETH) has more use potential and tech advantages over Bitcoin (BTC). He said this is why he believes that Ethereum is coming for Bitcoin’s position in the future:

“Ultimately, this will mean that its value will exceed that of Bitcoin – probably within five years.

“That said, I remain confident that Bitcoin will hit, or even surpass, its mid-April all-time high of $65,000 by the end of 2021. There will be peaks and troughs along the way of course, but Ethereum’s ascent to the top of the cryptoverse seems unstoppable.”

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The post deVere Group CEO: Ethereum (ETH) Value Will Overtake That Of Bitcoin (BTC) Within Five Years appeared first on Times Tabloid.