Popular cryptocurrency analyst Benjamin Cowen marked the depression phase for Cardano (ADA).
In the cryptocurrency market downward trend While continuing, a statement came from experienced analyst Benjamin Cowen. Cowen September 10 a dated social media in the postthe depression stage for the ADA under $0.24 He made investors nervous by saying that he would start.
Analyst, under $0.24 of a closure the price is more stagnant or to low levels While implying that this process can attract may be extended until 2024. defended.
Cowen wants to get things back to their former glory for the ADA. increased liquidity towards risk markets argued that:
The depression phase for ADA begins below $0.24. The depression expression will likely continue until Quantitative Easing (QE) in traditional markets returns, that is, until 2024.
The depression phase mentioned by the analyst has not yet been confirmed and despite the recent declines in ADA 0.24 positioned above the dollar level. According to CoinGecko data, in the last 24 hours 2.5% depreciation ADA, at the time of writing from $0.243 finds buyers.
