Ben Turning Bull on SOL (Patreon)
Published:
2023-08-09 20:50:05
Imported:
2023-08
Content
Ben for years said ADA was far superior to SOL. The SOL haters are turning fast.
Quick TLDR on the article
- Benjamin Cowen, a popular cryptocurrency analyst, has compared Solana's current trajectory to Cardano's price path back in 2019.
- Cowen noted that Solana has been "a bit more resilient" than some of its peer altcoins, despite the heavy capitulation it experienced towards the close of 2022.
- Solana, which is the 10th-ranked crypto asset by market capitalization, marked a low earlier this year. Following this, it surged to achieve a high and then "swept the high." This pattern has sparked a comparison with Cardano's performance in 2019.
- Cowen believes that Solana could follow a similar path to Cardano, meaning that it could "sweep the low" and then experience a more sustained and bullish run.
- As of this report, SOL is trading at $24.20. The cryptocurrency has exhibited a bullish trend recently, with an uptick of nearly 5% within the last 24 hours.