Cardano

Better

Coin

<ul>
 <li>In a recent Twitter post, Benjamin Cowen compared ADA’s performance in the current bear market to the previous one.</li>
 <li>A notable trend of diminishing losses as a function of time was evident.</li>
 <li>At press time, ADA was trading at $0.282 following a price drop of more than 2%.</li>
</ul>
Yesterday, the CEO and founder of ITC Crypto, Benjamin Cowen, pointed out in a <a href="https://twitter.com/intocryptoverse/status/1673368433491058689" target="_blank" rel="noopener noreferrer nofollow">tweet</a> that&nbsp;<a href="https://coinedition.com/tag/cardano-ada/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA)</a> is performing better in the current bear market than in the previous cycle between 2018 and 2020. This could suggest that ADA investors will be less impacted in the current bear market than the previous bearish cycle.
<figure class="wp-block-image size-full">
 <img width="900" height="429" src="https://coinedition.com/wp-content/uploads/2023/06/ADA-market-cycle-peak-ROI-Source-Twitter.png" alt="">
 <figcaption>
 ADA market cycle peak ROI (Source: <a href="https://twitter.com/intocryptoverse/status/1673368433491058689" target="_blank" rel="noopener noreferrer nofollow">Twitter</a>)
 </figcaption>
</figure>
In his post, the CEO included a snapshot of ADA’s ROI. The blue line in the graphic depicted the bear market from January 2018 to March 2020, while the orange line represented the current bear market that started in September 2021. A notable trend of diminishing losses as a function of time was evident in the orange line.
This indicates that the current bear market is experiencing a slower decline compared to the previous one. Based on calculations, Cowen believes that the orange line will reach the same length as the blue li…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/cardano-ada-is-performing-better-than-previous-bear-cycle-ceo/">Cardano (ADA) Is Performing Better Than Previous Bear Cycle: CEO</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Cardano (ADA) Is Performing Better Than Previous Bear Cycle: CEO

Coin Edition

Other articles published on Jun 27, 2023

Join our free newsletter for daily crypto updates!