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.
Pi (PI) has surged by 19% in the past 24 hours alongside most cryptocurrencies and currently stands at $0.7320. This rally follows an old market adage: “A rising tide lift all boats…” Pi’s latest weakness was no excuse for market participants and the token has now broken above its 21-period exponential moving average (EMA) in […]
Solana has staged an impressive rebound, surging past the $170 mark after a robust 11% daily move.
Elon Musk’s ability to spark explosive meme coin rallies appears to be wearing thin.
A well-regarded crypto analyst believes that Bitcoin (BTC) could experience a final, explosive rally before the current market cycle concludes.