February 17, 2021 (Investorideas.com Newswire) Cardana, seen as an increasingly dominant rival to Bitcoin, has been added to one of the world’s largest financial advisory and fintech organisation’s cryptocurrency app.

deVere Group added Cardana (ADA) to deVere Crypto to join other major digital currencies including Bitcoin, Ethereum, Dash, Bitcoin Cash, XRP and Dogecoin.

The move comes as Cardana has doubled its market capitalisation to $28 billion in around two weeks amid soaring interest in the sector. Bitcoin, the world’s largest digital currency hit more than $50,000 for the first time on Tuesday.

The deVere CEO, Nigel Green, a long-time proponent of cryptocurrencies, says: “Cardana is a rising star in the booming crypto sector and is now the fourth-largest cryptocurrency by market cap and is not far from the third-position.

“It has had a highly impressive run in recent weeks and there’s no reason why this will not continue.

“Of course, it remains in the shadow of the headline-grabbing Bitcoin, which is up 60% since the start of the year and has now smashed through $50,000.

“However, we have seen how quickly this market can shift. Cardana could, quite realistically, become an increasingly dominant rival to Bitcoin, Ethereum and Tether.”

He continues: “Global retail and institutional investor interest in cryptocurrencies – now widely regarded as the future of money – is increasing all the time.

“The total crypto market cap has now surpassed $1.5 trillion as the bull market continues its unprecedented performance.

“As such, it is imperative that we offer a broad suite of the most prominent digital assets so that they can have a diversified portfolio to mitigate risks and to seize opportunities.

“Therefore, we felt it was timely to include Cardana on to the exchange app which allows users to buy, sell and hold carefully scrutinised digital currencies.”

Last week, deVere Crypto also added Dogecoin after it was endorsed by Elon Musk, the boss of Tesla and the world’s richest person.

At the time Mr Green noted: “Crypto is a burgeoning asset class and it’s one that is set to play a larger and larger role within the global financial system.

“In today’s digitalised, globalised world, the demand for digital, global currencies in some form – is only set to grow.

“From now on, there will always be widely-used non-fiat money.”

The deVere CEO concludes: “The addition of Cardana underscores our commitment to continually reviewing and expanding our cryptocurrency offering in order to give users of the exchange access to the opportunities and rewards of digital currencies.”

e: [email protected]
t: +44 207 1220 925
Twitter: @PriorConsults

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow Us on StockTwits

News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Buy a crypto guest post on Investorideas.com