‘Insane Bubble’ Comes to Crypto Assets During Memecoin’s Bottoming Phase, According to Economist Henrik Zeberg

Economist Henrik Zeberg outlines the best way ahead for memecoins and the broader crypto market.

Beginning with the broader crypto market, Zeberg tells In keeping with his 174,400 followers on social media platform

“I feel it’ll attain about $9 trillion earlier than the summit!

Insane Bubble – however let’s journey it.”

The entire crypto market on the time of writing is $3.73 trillion.

Primarily based on Zeberg’s chart, it seems that he’s suggesting that the entire crypto market cap is in a rising wedge sample on the weekly time-frame. It additionally seems that the economist is suggesting that the general crypto market capitalization is within the closing wave of a five-wave sample that began in 2018.

In keeping with Elliott Wave concept, the primary pattern of an asset’s worth strikes in a five-wave sample, whereas a correction happens in a three-wave sample.

As for memecoins, Zeberg say that regardless of “sucking liquidity” from different crypto belongings, the Donald Trump meme Official Trump (TRUMP) might be a blessing in disguise for the market.

“This [TRUMP memecoin] could appear to be a foul factor for crypto, however actually this might be the dynamic that unleashes the total crypto mania.

Like water on a seashore that recedes, solely to return like a tsunami.

Some Memes have been crushed in latest days/weeks.

I feel they hit large and big bottoms.

One of many memecoins Zeberg is optimistic about is dogwifhat (WIF). Earlier this month, Zeberg predicted that WIF might rise as a lot as 1.238% from present ranges.

“WIF is about to blow up increased in greater wave 3 – in an prolonged transfer that might attain as excessive as 18-19 USD on this subsequent transfer!”

WIF is buying and selling at $1.42 on the time of writing.

Do not miss a beat – Subscribe to obtain electronic mail alerts straight to your inbox

Test worth motion

Comply with us additional X, Facebook And Telegram

Surf to the Each day Hodl combine

Generated picture: Midjourney