Benjamin Cowen, CEO and founder of ITC Crypto, has highlighted Cardano (ADA) for its performance in the current bear market. Cowen compared ADA’s current performance with its past trajectory and found that its resilience in the current bear market is better than its performance during the 2018-2020 bearish phase. He used a snapshot of ADA’s Return on Investment (ROI) to illustrate this, showing that the losses are diminishing over time. Cowen’s observations suggest that ADA’s price decline in this bear market is slower compared to the previous cycle, indicating enhanced market resilience. While ADA has experienced a decrease in price in the past day, it has been bullish over the past week, with a trading volume above $185 million and a market cap of $9.8 billion. Over the past 7 days, more than $500 million has been added to ADA’s market cap, indicating rising trading activity. Cardano’s ability to navigate bear markets with diminishing losses reflects its resilience and inherent value proposition.
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