Cardano's $ADA price history to Bitcoin $BTC sparks anxiety: Trouble on the horizon? cardano ada cardanoada cardanocommunity bitcoin btc btcusdt intocryptoverse
exchange rate currently stands at 900 sats, a level reminiscent of four years ago. He pointed out that historical data suggests that ADA could experience a significant drop within the next five to six weeks. Cowen believes that the altcoin market can be unforgiving, warning investors of a potential 50% decline.The analyst further elaborated on his findings, presenting a chart illustrating his projected direction for ADA's price movement against Bitcoin.
Cowen emphasizes that, as an analyst, he primarily evaluates altcoin charts in relation to Bitcoin. However, his skepticism extends to ADA's value in dollars as well. He anticipates that the token's price may revisit its previous lows before the year comes to a close.
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