Leading analyst Benjamin Cowen, Cardano 
$0.768917‘s Bitcoin 
$91,963 He stated that it will probably fall once again against (ADA/BTC parity) by the end of 2024. Cowen presented his predictions based on historical data on the social media platform X.
Historical Fluctuations
According to Cowen, ADA Coin has fluctuated between approximately 400 and 4000 satoshis against BTC in the past, usually making final declines at the end of the halving year. It was stated that this pattern is compatible with the four-year cycle of the ADA/BTC rate.
The analyst noted that current monetary policy is still relatively restrictive and the US dollar is on the rise. He stated that these situations generally have a negative impact on risky assets such as crypto.
Cowen shared similar views about altcoins. Looking at the TOTAL3-USDT chart, he suggested that the total market value of crypto assets other than Bitcoin is having difficulty transitioning and altcoins may weaken further.
“I think ADA/BTC will drop once again by the end of the year and start rising in 2025.”
Altcoin Market Overview
The analyst opined that as quantitative tightening (QT) continues, the US dollar index (DXY) rises and yields increase, the ADA/BTC rate may fall again by the end of the year.
While BTC’s dominance has reached 60%, ADA/BTC’s decline to 470 satoshis supports Cowen’s multi-year goal of 400 satoshis. But due to current economic conditions, another decline is likely, he said.
Given that BTC dominance tends to increase in December and generally rises during halving years, Cowen suggests that Cardano could rebound in 2025.
Cardano’s performance against Bitcoin has been evaluated by the analyst in the light of economic and historical data and can be an important indicator for investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
