Popular crypto analyst Benjamin Cowen is looking at whether the blockchain network Cardano (ADA) has what it takes to become a major smart contract competitor in the long run.
Cowen says he believes Cardano has a lot going for it, highlighting his experience with running a validator node on the platform, which confirms transactions on the blockchain.
He says the process is easy and seamless to set up on Cardano, giving the asset a big advantage over other smart contract platforms.
“I think this will stand the test of time. I’ve looked into validators on a lot of different networks – Cardano, Polkadot, Avalanche, MATIC, Solana, Cosmos – I can tell you that the one that I like the most is Cardano.”
Cowen adds that ADA has been trading above either the 20-week SMA (simple moving average) or the 21-week EMA (exponential moving average) since October of 2020, the longest-ever stretch the asset has been above at least