Analyst Benjamin Cowen Cardano (ADA) Interprets Ethereum (ETH), Avalanche (AVAX), Polkadot (DOT) and Chainlink (LINK) • Coinexc

A closely watched cryptocurrency analyst and investor is closely watching Cardano and the four altcoins he expects to rise to higher levels.

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In a new strategy session, Benjamin Cowen told 392,000 Youtube subscribers that Cardano (ADA / USD), the fourth largest cryptocurrency, could potentially double its value after launching a huge boom against Bitcoin (ADA / BTC).

“ADA’s highest ever against Bitcoin was 0.00008 in 2018. If we make a measured move from current prices to this level, it means that it can increase 105% more… So where does that place ADA / USD? It would actually place it for a modest, very modest $ 4.35. I’m not saying you’re going there… I’m just saying ‘this has happened before’. And probably ADA 2017 is doing a lot more today than it was in 2018. ”

Looking at Ethereum, Cowen says ETH is in the midst of a severe tsunami that could rise up to $ 6,000 before showing signs of decline.

“We have $ 2,000. We got over it. We have $ 3,000. We conquered it easily. We have $ 4000. We are constantly struggling with it right now. Frankly, there are 5,000 dollars and 6,000 dollars and so on… What I’m trying to tell you is not about what could happen if it happens. It’s a matter of how far we will go before we retreat. ”

As for Chainlink (LINK), the crypto analyst emphasizes that the decentralized oracle platform is trading on a long-term ascending channel dating back to 2019.

“I love LINK. It just moves up. On the macro scale, it tends to go up. Yes, it does fall sometimes. Who really cares? This is just a game. Usually it rises and that’s what matters. Don’t overlook the fact that Chainlink is going up overall. “

Another altcoin on Cowen’s radar is Ethereum rival Polkadot (DOT). The trader emphasizes that DOT continues to rise further and is now ready to eliminate a crucial resistance.

“The DOT train continues to hold the 20-day SMA (simple moving average). We’ve been off the rails for a while. I hope we get back on our way. We got to this level. This will be the third time that we reach roughly $ 50. Let’s see if we can break it. If we break it, I guess it will move relatively fast. “

The last altcoin on Cowen’s radar is smart contract platform Avalanche (AVAX). According to the crypto strategist, AVAX needs to break the $ 37.50 resistance before it can fire the next phase of the bullish cycle.

“AVAX is again at the top of the price discovery mode like DOT. They’re all getting closer to each other. “

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