Analyst Benjamin Cowen forecasts Cardano’s future development will be on the rise.

Cardano’s price will continue to increase in this market cycle, crypto expert Benjamin Cowen discussed Cardano’s (ADA) price action.

Cowen talks about the future of the seventh-largest cryptocurrency in an interview with Aaron and Austin Arnold, co-hosts of Altcoin Daily.

It is crucial to note whether an altcoin is exceeding Bitcoin in a booming market. Cowen specifies that a person expects an altcoin’s USD price to increase during a bull market.

“ ADA outperforms Bitcoin when the marketplace is bullish, which is the only reason to hold it. Can it surpass Bitcoin? ADA can outshine Bitcoin in a bull market.”

In spite of the reality that ADA is presently in a consolidation stage, it is currently up more than 3,000% in the last year.

With regards to its existing price of $1.64, Cowen contends the smart contract platform might rise more than 500% throughout this market cycle.

The ADA play is a long-term one. Buying at $1.37 is riskier than buying at $0.02. But eventually, I am confident the company will continue to perform.”

“Whether it’s $5 or $10 is your choice. If I’m incorrect and it goes higher than $10, it’s all right if I’m wrong,” Cowen added.

In particular after Ethereum loses some steam, Cowen anticipates worth to increase for ADA in relation to USD.

Cowen says there may be some tough pullbacks on the way up.