Cardano (ADA) price potential in Bitcoin context evaluated by Benjamin Cowen
's token and the crypto market in general. Earlier this month, he hinted at a potential collapse, citing reduced liquidity as a key factor. Cowen has referred to this potential downturn as a"depression phase," which is expected to take hold once ADA's price dips below the $0.24 mark. Currently, ADA is trading at $0.2448.According to Cowen, this bearish trend may persist until the change from quantitative tightening to easing occurs, aligned with the U.S.
As investors eagerly watch the charts, it is interesting to see whether Cowen's stunning prediction will come to fruition.
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