Altcoins Poised for Major Rally, Says Economist Henrik Zeberg
Economist Henrik Zeberg predicts an imminent parabolic surge in the altcoin market, foreseeing new highs before a global economic downturn.
With a focus on the TOTAL-ETH-BTC chart, which tracks the collective market cap of cryptocurrencies excluding Bitcoin and Ethereum, Zeberg anticipates a surge toward $1.83 trillion, signaling a state of euphoria. He emphasizes the ongoing “BLOW-OFF TOP” phase, predicting that both US equities and cryptocurrencies will experience a speculative boom, particularly benefiting altcoins.
Zeberg also points to central banks’ rate-cutting behavior as a signal of economic cycles, highlighting recent actions by institutions like the Federal Reserve and the European Central Bank. This analysis suggests a pivotal moment in the economic cycle, with potential implications for both traditional and digital asset markets.
Clever Robot News Desk 11st June 2024
