Cryptocurrency strategist Benjamin Cowen said in a statement to his 876,600 followers on the social media platform 
$68,797 He stated that there was a downward trend against the According to Cowen, the TOTAL3/BTC rate follows a course reminiscent of the price movements experienced in 2019.
Where is the TOTAL3/BTC Ratio Heading?
TOTAL3, Bitcoin, Ethereum 
$2,438 and an index that measures the market value of all cryptocurrencies, excluding stablecoins. Cowen says the TOTAL3/BTC ratio has fallen to an important support level. It reminds us that after a similar situation in 2019, this rate started to trend upward. Cowen thinks the same trend could be repeated this time too.
Cowen also touched upon another striking point in the altcoin market. The OTHERS/BTC chart, which tracks the market cap of all altcoins except the top 10 coins and stablecoins, has lost a key support level. This indicates that altcoins with lower market caps may lose value against Bitcoin.
Warnings and Predictions from Cowen to Investors
“The grand finale of the altcoin showdown has finally arrived,” Cowen said, predicting that this process will be completed between December 2024 and the second week of January 2025. He especially warns memecoin investors, stating that low-value memecoins may lose value against Bitcoin.
Calling investors to be careful, Cowen said, “Don’t spend all your money chasing worthless memecoins. “Those who promote these projects won’t mind if you lose your money,” he says.
A Turning Point in the Altcoin Market
According to Cowen, the altcoin market is approaching the end of this critical period, offering investors the opportunity to re-evaluate their portfolios. At a time when altcoins are in decline, Bitcoin is expected to have a stronger performance.
These developments show that fluctuations in the crypto market will continue. Cowen reminds investors to follow market trends carefully. In short, Benjamin Cowen’s analysis points to a significant shift in the altcoin market. In this process, it may be beneficial for investors to take conscious steps.
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.
