Cardano

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cardano-likely-to-fall-against-bitcoin-expert-warns" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cardano Likely to Fall Against Bitcoin, Expert Warns</a><br></p>
<p style="text-align: justify">Benjamin Cowen, a well-known market expert, has forecasted that Cardano (ADA) is poised to decline in value against <a href="https://en.bitcoinhaber.net/vaneck-predicts-bitcoins-surge-despite-expected-recession-in-the-us" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-price-fluctuates-amid-high-trading-volumes-and-etf-activity" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) before the end of 2024. His insights, based on historical price patterns, were shared recently on the social media platform X.</p>
<h2 id="what-historical-trends-reveal">What Historical Trends Reveal?</h2>
<p style="text-align: justify">Cowen highlighted that the ADA/BTC trading pair has historically fluctuated between 400 and 4,000 satoshis and often sees its most significant declines as halving years draw to a close. This trend appears to align with the four-year cycle governing the ADA/BTC ratio.</p>
<h2 id="could-this-affect-the-altcoin-market">Could This Affect the Altcoin Market?</h2>
<p style="text-align: justify">Cowen’s analysis extends to the broader altcoin market as well. He observed that the total market capitalization of cryptocurrencies, excluding Bitcoin, is experiencing significant challenges, suggesting that altcoins, including Cardano, may face further weakening in the coming months.</p>
<p style="text-align: justify">Key points from Cowen’s predictions include:</p>
<ul>
 <li>Expecting a decline in the ADA/BTC ratio by year-end, targeting 470 satoshis.</li>
 <li>Anticipating a potential recovery for Cardano starting in 2025.</li>
 <li>Noting current economic factors such as continued quantitative tightening and rising yields that could suppress asset prices.</li>
</ul>
<p style="text-align: justify">According to Cowen, while Bitcoin’s dominance is likely to rise as the year concludes, Cardano may ultimately show signs of resurgence in 2025. His analysis, grounded in both economic indicators and historical trends, serves as a crucial reference point for those monitoring the cryptocurrency landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/cardano-likely-to-fall-against-bitcoin-expert-warns" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cardano Likely to Fall Against Bitcoin, Expert Warns</a></h5>

Cardano Likely to Fall Against Bitcoin, Expert Warns

Table of Contents

BH NEWS

Other articles published on Nov 18, 2024

Next Crypto Bull Run Coins For Massive Gains

Wall Street Expert Says Missing This Ethereum Altcoin Now Is Like Missing SHIB In 2021

OKX Expands Singapore Services with Fee-Free Local Payments

Cardano Founder Applauds Launch of First zkApp on Midnight Blockchain

Will DOGE Hit $1? Rising OI and Liquidations Point to Growth

Web3 Gaming Trailblazer Big Time Studios Announces $OL Token for the OpenLoot Gaming Platform (18...

Join our free newsletter for daily crypto updates!