gave a prediction about the rate of Cardano
Renowned cryptoanalyst and founder of Into The Cryptoverse Benjamin Cowan shared his opinion on the price behavior of altcoins relative to bitcoin (BTC). He focused on the Cardano digital coin (ADA). According to him, this virtual asset has good prospects.
According to Cowan's analysis, ADA, which has already lost 78.8% of its price high, will continue to fall to the lower boundary of dynamic support against the BTC rate. According to him, that means a future value of 800 SATS per ADA. This level, according to Cowan's prediction, was referred to 2018. It was then retested in the third quarter of 2019. According to the dynamics, the ADA value should return to this value.
Nevertheless, the analyst assured: finding a bottom against BTC "would be a big deal" for Cardano. He noted that after a rebound from this value, the cryptocurrency rate will go up. At the same time, the expert added that "the final support may be at the level of 400 SATS per ADA.
