Close Menu
Cryprovideos
    What's Hot

    Why Coinbase Introduced Dogecoin and XRP to Ethereum Community Base – Decrypt

    June 7, 2025

    Trump touts memecoin as sentiment gauge as $520M unlock nears

    June 7, 2025

    Will Ozak AI Be the Subsequent SOL or MATIC? $0.003 Entry May Be Historic

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Analyst Benjamin Cowen Says Grand Finale for ‘Altcoin Reckoning’ Already Underway – Right here’s His Timeline – The Every day Hodl
    Analyst Benjamin Cowen Says Grand Finale for ‘Altcoin Reckoning’ Already Underway – Right here’s His Timeline – The Every day Hodl
    Altcoins

    Analyst Benjamin Cowen Says Grand Finale for ‘Altcoin Reckoning’ Already Underway – Right here’s His Timeline – The Every day Hodl

    By Henry KanapiNovember 6, 2024Updated:November 6, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    An analyst who continues to develop his following with well timed crypto calls believes that altcoins are about to witness a last capitulation occasion.

    Crypto strategist Benjamin Cowen tells his 876,600 followers on the social media platform X that the altcoin market seems to be poised to plummet in opposition to Bitcoin (TOTAL3/BTC).

    TOTAL3 serves as a proxy for the altcoin market because it tracks the market cap of all crypto excluding Bitcoin, Ethereum (ETH) and stablecoins.

    In line with Cowen, TOTAL3/BTC seems to observe a worth sample witnessed in 2019 when the pair slumped to a key assist degree earlier than a reversal and a robust uptrend.

    “It seems to be just like the grand finale of the altcoin reckoning has lastly arrived.

    The altcoin reckoning ought to be over by December 2024 (2nd week of January 2025 on the newest).

    It has been an extended journey, and plenty of gave up alongside the best way, however this course of was at all times going to play out.” 

    Image
    Supply: Benjamin Cowen/X

    A bearish TOTAL3/BTC chart means that Bitcoin is primed to considerably outperform the altcoin market.

    Zooming in on the altcoin market, Cowen takes a more in-depth have a look at the OTHERS chart, which tracks the market cap of all crypto property excluding the ten largest cash and stablecoins. In line with Cowen, OTHERS in opposition to Bitcoin (OTHERS/BTC) simply misplaced a key assist degree, suggesting that lower-cap altcoins are about to lose numerous worth in opposition to Bitcoin.

    “I warned that OTHERS/BTC would sweep the lows, rally to the BMSB (bull market assist band) then get rejected and put in new cycle lows.

    That is now enjoying out, whereas people who promote memecoin rubbish will faux like this isn’t occurring.

    Don’t lose all of your cash chasing rubbish memecoins, the those who promote them continuous won’t care in the event you lose all of your cash buying and selling them, and you can find they’ll transfer on to selling totally different tasks in only a few months.” 

    Image
    Supply: Benjamin Cowen/X

    Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

    Test Worth Motion

    Comply with us on X, Fb and Telegram

    Surf The Every day Hodl Combine

    &nbsp

    Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate internet marketing.

    Generated Picture: Midjourney





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Why Coinbase Introduced Dogecoin and XRP to Ethereum Community Base – Decrypt

    June 7, 2025

    Trump touts memecoin as sentiment gauge as $520M unlock nears

    June 7, 2025

    Will Ozak AI Be the Subsequent SOL or MATIC? $0.003 Entry May Be Historic

    June 7, 2025

    Virtuals Protocol Would possibly Battle to Retain $2 – Right here’s Why

    June 7, 2025
    Latest Posts

    Are We Witnessing the Last Bitcoin Cycle as We Know It?

    June 7, 2025

    Bitcoin Golden Cross Sample Says The Crash To $100,000 Is Regular – What To Count on Subsequent

    June 7, 2025

    Is a Bitcoin value rally to $150K attainable by yr's finish?

    June 7, 2025

    The most effective DOGE and BTC cloud mining platform in 2025, simply earn $16,777 a day

    June 7, 2025

    Bitcoin Holds Above $100K, However Analyst Sees Bother Brewing

    June 7, 2025

    Pepe Worth Prediction: $PEPE Declines as Bitcoin Hyper Emerges as a Prime Presale Decide

    June 7, 2025

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Hex Crypto Founder Richard Coronary heart Hit With Interpol Crimson Discover – Decrypt

    December 24, 2024

    Crypto to get Trump taskforce, Ross freed, AI cash soar – Decrypt

    January 25, 2025

    SEC Pushes Again Determination on 5 Solana ETFs, Approval Possibilities Drop for July

    May 20, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

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