Benjamin Cowen says Cardano (ADA) can hit all-time highs. In a recent strategy session, Cowen notes that Cardano has gained around 11,000% since March 2020 low and may need time to cool off before rallying further.

“It’s a pretty big win by ADA, so I think it makes sense to consolidate for a while and wait until the ecosystem is actually used. Until then, until that happens, I guess we’ll be more or less in a consolidation phase. Can we get $2.50 back or $2.25 back? Sure, I think it could happen anytime, but I’m not speculating to myself suspiciously at an all-time high for at least a month or so… And it could be longer than that.”

“If Bitcoin stays relatively bullish, I hope it breaks to the upside. So this would be the ideal situation. Even if we don’t hold the bull market support band, I still think it’s good. I just think we’re going to have a long re-accumulation and hopefully we’ll still move up.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.