Is Cardano a Flash in the Pan? Crypto Analyst Benjamin Cowen Looks at Top Altcoin’s Staying Power

Is Cardano a Flash in the Pan? Crypto Analyst Benjamin Cowen Looks at Top Altcoin’s Staying Power


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.

 

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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

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