Cardano (ADA), Solana (SOL) and One Additional Altcoin Could Be Part of Next ‘Reckoning’: Benjamin Cowen - The Daily Hodl

The Daily Hodl
The Daily Hodl

28 Jun 2023 6:05 PM

Popular crypto analyst Benjamin Cowen warns that Cardano (ADA), Solana (SOL) and one other altcoin could soon implode against Bitcoin (BTC)....

  • Popular crypto analyst Benjamin Cowen warns that Cardano (ADA), Solana (SOL), and Polygon (MATIC) could soon decline against Bitcoin (BTC) based on historical price action.
  • Cowen predicts that ADA could decline more than 50% from its current value against Bitcoin, similar to what happened in 2019.
  • He believes that Solana has been following a pattern of rallying and then putting in new lows against Bitcoin for the past two years.
  • Cowen warns that if MATIC/BTC dips below a certain level, there is little support to prevent it from collapsing.

The sentiment in this article is negative as the analyst warns about potential declines and collapses for Cardano, Solana, and Polygon against Bitcoin.

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You May Ask

What altcoins does Benjamin Cowen warn could soon decline against Bitcoin?What historical price action does Cowen reference for Cardano?How long has Solana been following a pattern of rallying and then putting in new lows against Bitcoin?What level does Cowen mention as a critical point for Polygon's potential collapse against Bitcoin?

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