Popular crypto analyst Benjamin Cowen has cautioned his 748,900 Twitter followers that Cardano (ADA), Solana (SOL), and Polygon (MATIC) could be facing further decline against Bitcoin (BTC). Cowen believes ADA may decrease more than 50% from its current rate relative to Bitcoin (ADA/BTC), similar to what happened in 2019. The pair is worth $0.00000903 BTC ($0.27 USD), at the time of writing. Looking at Solana, Cowen think the crypto has more losses to come against Bitcoin (SOL/BTC). Currently priced at $0.000538 BTC ($16.33 USD), he is convinced the pattern of rallying only to hit fresh lows will repeat itself. Lastly, Cowen observed that Polygon is situated towards lower halfs of its trading range and if MATIC/BTC lines dip further below $0.0000170 BTC, then there wouldn’t be much support to prevent it from sinking. The current MATIC/BTC quote is $0.0000208 BTC ($0.63 USD), at this moment.
