Cardano Holding Up Well for These Reasons, According to Crypto Analyst Benjamin Cowen

Cardano Holding Up Well for These Reasons, According to Crypto Analyst Benjamin Cowen


Top crypto analyst Benjamin Cowen is outlining why he believes scalable blockchain platform Cardano (ADA) is performing well amid a broader corrective period in the crypto markets.

In a new video, Cowen reasons that the fifth-largest asset by market cap is trending well because its platform is easy to use and to validate. Cardano’s validators store a copy of the blockchain and are paid in ADA for their energy and services.

 

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Cowen, who says he has attempted to run validator nodes for many projects, finds Cardano’s process to be the simplest.

“Given the current market conditions – why has it not dropped more? … I’ve explored running validators on a lot of networks, and I think Cardano is the easiest. It’s the easiest for validators for sure, and I think it’s relatively easy for delegators as well.”

Staking is also simple on Cardano, notes Cowen, who has been staking his own ADA. According to Cowen, ADA users continue

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