There is a realistic Cardano (ADA) forecast if the Crypto Bear Market continues, according to analyst Benjamin Cowen.


Well-known crypto analyst Benjamin Cowen is offering several target prices for Cardano (ADA) if the bear market for digital assets deepens.

In a new strategy session, Cowen told 743,000 YouTube subscribers that he is seeing Cardano against Bitcoin (ADA/BTC) and the pair is in the midst of a strong downtrend.

According to Cowen, he sees Cardano losing more than half of its value if the ADA/BTC pair hits the 2018 bear market of 0.0000085 BTC or $0.25 again.

“Look, we are in a bear market. We know that altcoins are completely ruined in a bear market. We know that the Bitcoin value of these altcoins can collapse in a bear market and also collapse in a bull market. If Bitcoin hits the bottom of its bear market valuation in the ADA/BTC valuation, we’ll see another 55% drop in the ADA valuation. A decline of 55% from the current price of ADA would cost ADA around $0.25. So another 50% fix.

Don’t say it can’t happen. i lived [the last bear market] I started buying ADA for $0.10 and I thought I was smart, but it’s down 80%. You can look at it and say, ‘$0.10 ADA, why are you complaining?’ I didn’t feel very smart at the time because it was down 80%. People forget how cruel this can be.”

At the time of writing, ADA is trading at $0.52, down more than 82% from its all-time high of around $3.

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