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One of the most trending altcoins, Cardanos recent demand surge has been well documented. For a coin that was silent during the previous year, it made strides on the price charts this year.

TA expert and analyst Benjamin Cowen recently appeared in a youtube interview to talk about this altcoins bullish narrative.

Cardanos ADA has been touted as the Ethereum killer but Benjamin Cowen portrayed the alt as a hedge against ETH instead. He spoke about what would drive traders to invest in alts. He stated:

If an altcoin cant outperform Bitcoin, then theres no point in holding it. Can ADA outperform it ADA outperforms Bitcoin in a bull market.

An unusual extreme optimism one would say considering ADAs present consolidation phase. However, looking at a broader frame, the coin was up over 3,000% in the last 12 months.

The seventh-largest coin was bound for more upswing according to the analyst, as he stated that the alt may even be skyrocketing to another 500% incline from its current price of $1.73. He added:

I think in the grand scheme of the market cycle, I think its going to go much higher than where it currently is. If I had to throw a ballpark number out there, I would say somewhere between like $5 to $10 is my guess.

He further conceded:

If Im wrong because it goes higher than $10, thats something I dont mind being wrong about.

Based on a prediction model from digitalcoin, the charts below indicate the growth potential thats in store for Cardano.

Cowen, however, was quick to warn about the possibilities of some very steep and harsh withdrawals throughout ADAs climb. He stated

I can also tell you too that if we go there, its going to be one crazy journey and were not going to go straight to those levels. Were probably going to have some major pullbacks along the way and the way we look at that is noting Ethereum had some pretty major pullbacks last cycle as well. I think it can go those levels, but its certainly not going to be an easy ride.

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Analyst on Cardano: if an altcoin cant do this theres no point in holding it - AMBCrypto News