Ethereum

Reserve

Cardano

Bitcoin

<div class="dailyhodl">
 <p>Closely followed crypto analyst Benjamin Cowen is warning that one Ethereum (ETH) competitor may not be done correcting.</p>
 <p>In a new strategy session, Cowen tells his 788,000 YouTube subscribers that smart contract platform Cardano (ADA) may fall lower against Bitcoin (ADA/BTC) due to the Federal Reserve not yet cutting interest rates.</p>
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 <p><em>“If you look at where it came into the year, it was around 1,600 sats (satoshis) and back then I said it’s likely going to go to 800 sats by the summer. I was laughed off crypto Twitter essentially. Then it went to 800 sats, which, back in early 2022, is where I said the best-case scenario would be. </em></p>
 <p><em>But once it got here, I was fairly convinced, and I kind of still am to some degree, that it could go lower. The reason I think it could go lower is because, again, we still haven’t reached looser monetary policy yet.”</em></p>
 <figure id="attachment_267090" aria-describedby="caption-attachment-267090" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-267090 size-full" src="https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp" alt="" width="2824" height="1417" srcset="https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp 2824w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=300,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp 300w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=768,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp 768w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=1024,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp 1024w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=1536,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp 1536w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=2048,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp 2048w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=360,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp 360w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=750,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp 750w, https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2adhttps://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp7f0.webp?resize=1140,https://cdn.thebittimes.com/images/2023/11/25/e65786e98976926cf1b4bab2ad7717f0.webp 1140w" sizes="(max-width: 2824px) 100vw, 2824px">
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   Source: Bejamin Cowen/X
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 <p>Cowen predicts that the Fed will likely start cutting rates around March 2024, and riskier assets like ADA could start to rally against Bitcoin at that time.</p>
 <p><em>“So the average length of a Fed pause before they start to cut is about eight months. Eight months puts you in March… </em></p>
 <p><em>Once they pause and then start to go back to looser monetary policy, once you get rate cuts, that’s when riskier assets like altcoins can find a durable bottom against Bitcoin.” </em></p>
 <p>ADA/BTC is trading for 0.0000102 BTC ($0.39) at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-benjamin-cowen-issues-cardano-alert-says-he-s-still-convinced-ada-could-go-lower-here-s-why-tbt71553.html">https://thebittimes.com/top-analyst-benjamin-cowen-issues-cardano-alert-says-he-s-still-convinced-ada-could-go-lower-here-s-why-tbt71553.html</a></p>

Top Analyst Benjamin Cowen Issues Cardano Alert, Says He’s Still Convinced ADA Could Go Lower – Here’s Why

TheBitTimes

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