Benjamin Cowen, the founder of Into The Cryptoverse, has identified similarities between Cardano’s (ADA) current market trend and its patterns during the 2020 bull cycle. According to Cowen, the risk level of ADA now resembles its position before the dramatic price surge it experienced in 2020.

He discussed this comparison in a recent podcast, indicating that similar market conditions could lead to a substantial increase in ADA's price, possibly matching the significant gains seen during the previous bull cycle.

This analysis has sparked anticipation among ADA traders who are watching the token closely to see if it will indeed follow the bullish pattern and produce another remarkable surge.