{"id":115193,"date":"2023-06-28T18:24:03","date_gmt":"2023-06-28T18:24:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/cardano-ada-solana-sol-and-one-additional-altcoin-could-be-part-of-next-reckoning-benjamin-cowen-crypto-news\/"},"modified":"2023-06-28T18:24:05","modified_gmt":"2023-06-28T18:24:05","slug":"cardano-ada-solana-sol-and-one-additional-altcoin-could-be-part-of-next-reckoning-benjamin-cowen-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cardano-ada-solana-sol-and-one-additional-altcoin-could-be-part-of-next-reckoning-benjamin-cowen-crypto-news\/","title":{"rendered":"Cardano (ADA), Solana (SOL) and One Additional Altcoin Could Be Part of Next ‘Reckoning’: Benjamin Cowen\n – Crypto News"},"content":{"rendered":"

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Popular crypto analyst Benjamin Cowen warns that Cardano (ADA<\/a>), Solana (Sol<\/a>) and one other altcoin could soon implode against Bitcoin (BTC<\/a>,<\/p>\n

Cowens tells<\/a> his 748,900 Twitter followers that he believes ADA, SOL and Polygon (Matic<\/a>) are going to show further weakness against the crypto king based on historical price action.<\/p>\n

Looking at ADA, Cowen predicts that the Ethereum (ETH<\/a>) competitor could decline more than 50% from its current value against Bitcoin (ADA\/BTC) similar to what happened in 2019.<\/p>\n

\u201cExactly four years ago, ADA\/BTC was at 900 sats (same as today). Approximately five-six weeks later, it was at 400 sats. <\/em><\/p>\n

The altcoin reckoning can be brutal.\u201d<\/em><\/p>\n

Source: Benjamin Cowen\/Twitter<\/figcaption><\/figure>\n

At the time of writing, ADA\/BTC is trading for $0.00000903 BTC ($0.27 USD).<\/p>\n

Next Cowen says<\/a> that Solana has for about the last two years gone on rallies only to put in new lows against Bitcoin (SOL\/BTC), and he believes that price action pattern will continue.<\/p>\n

\u201cSOL\/BTC following the same pattern for almost the last two years. People get sucked back in on each pump, only for it to eventually fade and put in new lows.”<\/em><\/p>\n

\"Images\"
Source: Benjamin Cowen\/Twitter<\/figcaption><\/figure>\n

At the time of writing, SOL\/BTC is trading for $0.000538 BTC ($16.33 USD).<\/p>\n

Lastly, Cowen warned<\/a> that Polygon is trading against Bitcoin in the lower bounds of a price range. He predicts if MATIC\/BTC dips below the $0.0000170 BTC level there is little support to keep it from collapsing.<\/p>\n

\u201cMATIC\/BTC fading to the lower part of the range. Below 1,700 sats, there is not much support for a while.”<\/em><\/p>\n

\"Images\"
Source: Benjamin Cowen\/Twitter<\/figcaption><\/figure>\n

At the time of writing MATIC\/BTC is worth $0.0000208 BTC ($0.63 USD).<\/p>\n

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Featured Image: Shutterstock\/Chor muang\/WindAwake\/Mingirov Yuriy<\/em><\/span><\/p>\n<\/p><\/div>\n