‘Nowhere To Hide’ – Altcoins To Keep Getting Wrecked Against Bitcoin As ‘Brutal Trend’ Persists: Benjamin Cowen - The Daily Hodl

The Daily Hodl
The Daily Hodl

16 Sep 2023 7:04 AM

Widely followed crypto analyst Benjamin Cowen believes altcoins are not yet done trending down against Bitcoin (BTC)....

  • Crypto analyst Benjamin Cowen believes altcoins are currently experiencing a bearish trend against Bitcoin.
  • This trend is common before the Bitcoin halving, which occurs every four years.
  • Altcoins, such as Cardano, have depreciated significantly against Bitcoin.
  • Cowen predicts that altcoins will continue to lose value as investors shift their capital towards Bitcoin.

The sentiment of the article is negative towards altcoins, as it suggests that they will continue to lose value against Bitcoin.

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You May Ask

What is the reason behind the bearish trend of altcoins against Bitcoin?When does the Bitcoin halving occur?How has Cardano performed against Bitcoin in the past year?Why do investors shift their capital towards Bitcoin?What is the predicted future for altcoins in relation to Bitcoin?

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