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).
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.
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.
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 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.