Benjamin Cowen Warns ‘A Final Drop’ for Cardano (ADA) Against Bitcoin Could Be NearWidely followed analyst Benjamin Cowen is sounding a warning about Cardano ($ADA) as rival Ethereum ($ETH ) surges.

In a new video, Cowen told his 822,000 YouTube subscribers that $ADA could suddenly turn bearish against Bitcoin (ADA/$BTC) on a weekly timeframe, similar to what happened in December 2020.

“It probably won’t matter in a year, but there’s still a chance [ADA] will have another drop on its Bitcoin pair. But if it has another drop on its Bitcoin pair, I would say that’s probably the final drop for this cycle, that’s my prediction.”

Cowen said that Bitcoin dominance ($BTC.D) — the ratio of BTC’s market cap to the market cap of all crypto assets combined — could move higher next month.

“I’m basically going to take my Bitcoin dominance view and relate it to a lot of alt/Bitcoin pairs. Bitcoin dominance, it may have topped out, but it could potentially move higher in December if it wants to. So with ADA/Bitcoin, it may have bottomed out, but it could potentially move lower in December like it did in December 2020, where it had a big rally, and then it came back down again. And after the halving year, it’s going to go up. It’s likely to happen. That’s all I want to say about ADA. Obviously, it’s gone up a lot more than its USD pair.””