Coin

<ul class="news-points"> 
 <li>Altcoins face a daunting “reckoning,” as cautioned by analyst Benjamin Cowen.</li> 
 <li>ETH/BTC pair hints at a potential sharp descent driven by historical patterns.</li> 
 <li>Bitcoin’s future remains uncertain, with diverse predictions in play.</li> 
</ul> 
Prominent cryptocurrency analyst Benjamin Cowen has voiced a cautious perspective on the journey ahead for many altcoins. In a <a href="https://www.youtube.com/watch?v=iYNNlnFcVq8" target="_blank" rel="nofollow">recent video</a> shared with his vast YouTube audience of over 787K, Cowen alluded to an impending “altcoin reckoning.” This downturn, he believed, might leave numerous digital assets in the dust, with scant chances of rebounding soon. 
Cowen harbored a nuanced stance on the altcoin market’s potential revival. He acknowledged the possibility of a market upswing, albeit without many current altcoins aboard. He suggested a few may touch new peaks, yet a significant chunk may plummet or stagnate. 
Moreover, he envisioned a scenario where the altcoin market might linger around the $323.5 billion mark before dipping to near $290 billion, proceeding into a harsher “depression phase” that could remain until 2024. 
Additionally, Cowen delved into the Federal Reserve’s monetary policies’ role in sculpting the altcoin …
The post <a rel="nofollow" href="https://coinedition.com/crypto-analyst-benjamin-cowen-warns-of-altcoin-reckoning/">Crypto Analyst Benjamin Cowen Warns of Altcoin Reckoning</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Analyst Benjamin Cowen Warns of Altcoin Reckoning

Coin Edition

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