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.
U.S.-listed spot Bitcoin ETFs continue to post strong inflows, recording their ninth consecutive day of net positive investment activity on Tuesday.
Chaitanya Jain, Bitcoin strategy manager at Strategy, has pushed back against online speculation that the company’s fate is tightly bound to the price of Bitcoin.
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is reportedly finalizing a multibillion-dollar Bitcoin acquisition deal through a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald.
XRP is trading near the $3 mark after gaining 2.98% in the past 24 hours, supported by a surge of bullish momentum across regulatory, institutional, and real-world utility fronts.