Crypto money analyst Kevin Svenson said the increase in global money supply could trigger a new rise in the Altcoin market. Svenson emphasized that global liquidity that expanded in the rise of subcoins in the past is effective.
Global liquidity increase
Svenson pointed out that the increase in global money supply could be a critical catalyst for subcoins. Analyst said that support above 2022 levels were sought and a slow increase in M2 money supply was observed.
Kevin Svenson said: “Every major Altcoin rise began in parallel with the explosion of global liquidity. So far, we have not been able to get the expected increase over 2022 support levels, but now the rise signals are seen. ”
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Price Movements and Expectations
Analyst said that the price movements of Altcoins resembled a rally in the fourth quarter. Svenson said that the current market value increased by about 190 %and reached a new summit of approximately $ 730 billion.
Kevin Svenson: “If calculated on the current train, the Altcoin market can reach new record levels. This will follow the continuation of the trend and in the form of profit realization at regular intervals. ”
According to the assessment, the price movements of the subcoins are reminiscent of previous rally and there is a gradual expectation. Investors may consider that market movements may follow in parallel with the increase in global money supply.
These explanations show that market dynamics are supported by past data and similar reactions may be experienced in the coming period. Observations are among the developments that need to be followed carefully in the investment environment.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
