The cryptocurrency market could be on the verge of significant growth, with economist Henrik Zeberg predicting its total market cap may rise over 140% to $9 trillion.
Using Elliott Wave theory, he suggests the market is nearing the final stage of a five-wave growth cycle, signaling potential short-term gains before a correction.
Zeberg also highlights memecoins as catalysts for broader market momentum. He believes the Official Trump memecoin (TRUMP), despite drawing liquidity from other assets, could trigger a wave of crypto enthusiasm. Recent declines in memecoins, he argues, may signal a bottom, paving the way for recovery.
Among memecoins, Zeberg is particularly bullish on Dogwifhat (WIF), projecting it could surge by up to 1,238% to reach $18 or $19. He views this as part of an extended growth wave, reflecting strong market momentum.
Zeberg’s analysis reflects an optimistic outlook for the crypto market’s near future, emphasizing the role of both institutional investors and retail participants in driving the next phase of growth. He suggests that the evolving dynamics, particularly in the memecoin space, could energize the market and create unique opportunities for traders and long-term holders alike.
XRP’s price remains stuck in a tight range as investors assess the fallout from the Bybit hack. Despite a broader selloff, the token has managed to hold above $2.5, though its recent price action suggests uncertainty.
A well-known crypto analyst sees potential in the Solana-based memecoin dogwifhat (WIF) but remains cautious.
Research from investment firm VanEck suggests that while the U.S. government is debating a potential Bitcoin reserve, 21 states are already moving forward with plans to acquire Bitcoin.
CryptoQuant’s Ki Young Ju has recently declared the onset of altcoin season, but this time, things are different. Instead of the typical flow of capital from Bitcoin into altcoins, Ju points out that it’s stablecoin holders driving the action.