Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Cardano (ADA) will likely fall against Bitcoin once more before the end of the year, says analyst Benjamin Cowen.
ALTCOIN NEWS

Cardano (ADA) will likely fall against Bitcoin once more before the end of the year, says analyst Benjamin Cowen.

By Crypto FlexsNovember 18, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano (ADA) will likely fall against Bitcoin once more before the end of the year, says analyst Benjamin Cowen.
Share
Facebook Twitter LinkedIn Pinterest Email

Closely followed analyst Benjamin Cowen says Cardano (ADA) will most likely see another decline against Bitcoin (ADA/BTC) before the end of 2024.

Cowen told his 889,100 followers on social media platform

Cowen notes that what is consistent with the 4-year ADA/BTC pattern is that monetary policy remains relatively restrictive and the U.S. dollar is rebounding. These are generally two bearish conditions for risky assets such as cryptocurrencies.

“I think ADA/BTC will fall once more before EOY (year-end) and then rise in 2025.

Showing some statistics for comparison…

Lowest November 2020: 583 Saturday
Highest November 2020: 995 Saturday
Lowest December 2020: 503 Saturday

November 2024 Low: 470 Saturday
November 2024 high: 903 sats (so far)
Lowest December 2024: ???

I would say there is no need for it to fall again once QT (quantitative tightening) ends (since BTC dominance has already reached 60% and ADA/BTC has reached 470sat (and my multi-year target was 400sat).

However, with QT continuing and the US Dollar Index (DXY) rising, it seems unlikely that we can ignore a further decline in ADA/BTC before EOY.“

Source: Benjamin Cowen/X

Cowen has the same general views on altcoins across the board. He shares a chart looking at the TOTAL3-USDT chart, which measures the total market capitalization of cryptocurrencies excluding Bitcoin, Ethereum (ETH), and stablecoins.

The analyst notes that TOTAL3-USDT against Bitcoin is struggling to break the levels it reached at the end of 2020, suggesting that the altcoin could still weaken much further.

“Now imagine being able to say that BTC dominance (BTC.D) has dropped to 60%.

I am open-minded about dominance being at the top, but my main concern with that view is that the ALT/BTC pair is still well off its historical lows.

Also, QT continues, DXY and yields are going up, and historically BTC.D goes up in December during the halving.”

video
Source: Benjamin Cowen/X

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/Fernando Batista

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

September 22, 2025

CryptoLists.com Recognised As “Crypto Affiliate Of The Year” At SBC’s Affiliate Leaders Awards 2025

September 22, 2025

BitMine Immersion (BMNR) Announces Pricing Of $365.24MM Registered Direct Offering At $70 Per Share

September 22, 2025

Why Over 6 Million Investors Trust PlanMining And Earn Over $7,700 In Passive Income Every Day

September 22, 2025

Barunson, Studio Behind Parasite, To Launch NPLUG IP Remixing Platform On Story And Bring Flagship IP Onchain

September 22, 2025

PrimeXBT Expands Crypto Futures With 101 New Coins, Delivering Best-in-Class Trading Conditions

September 22, 2025

In the CFTC crackdown, OKX’s perps dex lunch stops: What is the following?

September 22, 2025

Cardano is 4% away, saying that Hoskinson will break the Internet.

September 21, 2025

Coinbase’s rich violations are connected to $ 400 million in encryption, and court file disclosure

September 21, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

September 22, 2025
Most Popular

XRP FUTURES Open Interest 37% -Altcoin Trader goes beyond the ship?

February 9, 2025

Ethereum retests breakout zone, analysts set $3,500 target

December 21, 2023

Hut 8 secured a $65 million enhanced line of credit through Coinbase.

January 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.