Veteran trader Benjamin Cowen has been criticized by ADA bulls for allegedly causing the price decline of Cardano following his accurate prediction of the cryptocurrency's performance against Bitcoin. Cowen had forecasted in August 2023 that ADA would fall against Bitcoin to the 400 SATS price mark, and his prediction came true in October. However, Cardano bulls have blamed Cowen for influencing sentiment around the asset and causing its fall. Cowen defended himself, stating that his large audience did not mean he caused Cardano's decline and that being wrong in speculation is part of the game. The controversy sparked reactions from the crypto community, with some arguing that Cowen's large following and reputation could influence investor decisions. As of now, Cardano is trading at $0.3311, down 4.61% in the past seven days and 5.18% month-over-month.
- Content Editor ( thecryptobasic.com )
- 2024-11-05
Market Veteran Says He Didn’t Cause Cardano to Fall