The price prediction of the famous cryptocurrency analyst Benjamin Cowen for Cardano ADA is awesome! Here are some very important explanations about the future of ADA…
The most positive price prediction for ADA
Altcoin Daily’s servers Aaron and Austin Arnold In a recent interview with , crypto analyst Benjamin Cowen made some very important statements about the future of the seventh-largest cryptocurrency.
Aside from Cardano (ADA) price movements, where is Ethereum’s biggest competitor in the current market cycle?
Cowen emphasizes that in addition to the gains an altcoin makes against the USD, which is usually in a bull market, it is necessary to pay attention to whether the asset is outperforming Bitcoin:
“If an altcoin can’t outperform Bitcoin, there’s no point in hodling that asset. Can ADA outperform BTC… Yes, ADA outperforms Bitcoin in a bull market. “
Although it has increased by over 3,000% in the last 12 months and is currently in the consolidation phase, Cowen has announced that the smart contract platform is at the current market price of $1.64. He states that it can increase by over 500%.
“Going back to ADA, I still see this as a long-term goal. Now, buying ADA at $1.37 is a lot riskier than buying at $0.02… but according to the grand scheme of the cycle, I think ADA has a long way to go.. I don’t think 1.37 is by any means the peak of the market cycle. This is not how peaks look in market cycles.
So I think in the long run it will go much higher in the market cycle than it is now. If I had to say more or less a price target, I’d say I’m guessing between $5 and $10. If it goes over $10 and fools me, I don’t mind. “
While Cowen expects ADA to continue to rise against the USD, especially after losing some strength during the Ethereum rally, he warns investors that there may be some very sharp and drastic corrections along the way.
By the way, a few days ago, the most famous analyst of the market, Peter Brandt, stated on Twitter that he was waiting for a pump from ADA. posted a picture of a driver. The second image posted in the tweet was about Cardano’s native cryptocurrency.
In his tweet, the famous analyst included an ADAUSD chart that shows that it has been trading sideways for a while and attempted to rise, but then fell again.
In a response to a follower who asked if this was a bullish or bearish sign, Brandt said that these rectangles tend to continue in many cases.
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