Economist Henrik Zeberg shared his views on the future of memecoins and the overall crypto market. In a statement to his 174,400 followers on social media platform X, Zeberg stated that the total market value of crypto assets could increase by approximately 141% from the current level.
Growth Potential of the Crypto Market
Zeberg stated that the total crypto market is currently at $3.73 trillion. According to his chart analysis, the total crypto market cap is in a rising wedge formation on the weekly timeframe. The economist suggested that this trend is in the last wave of a five-wave pattern that started in 2018.
The Role of Memecoins
Addressing memecoins, Zeberg said that although they draw liquidity from other crypto assets, Official Trump (TRUMP), the official Donald Trump meme project, could be a blessing in disguise for the market.
“This [TRUMP memecoin] It may seem bad for crypto – but this could actually be the dynamic that will trigger the full-blown crypto craze. “It’s like water receding on the beach – only to return as a tsunami.”
Prospects on Dogwifhat
Zeberg is optimistic that the memecoin dogwifhat (WIF) will take off. He predicted earlier this month that WIF could rise by 1,238% from its current level.
“WIF will break out higher in major wave 3 – this could reach USD 18-19 with the next move.”
Currently, WIF is trading at $1.42. Zeberg stated that the fluctuations in the memecoin market could have positive effects for the crypto market in the long term.
Zeberg’s analysis offers important clues for investors about the future of the crypto market and memecoins. Evaluations made in the light of technical analysis of the market and wave theory can be taken into account when creating investment strategies.
By closely following Zeberg’s predictions, market participants can evaluate the potential growth opportunities of crypto assets. However, like every investment, it is important to consider risks in the crypto market.
By monitoring market trends and economic indicators, investors can make informed decisions. Zeberg’s recommendations can help make strategic plans about the future movements of crypto assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
