The cryptocurrency market could be poised for significant growth, with economist Henrik Zeberg predicting that its total market capitalization could increase by more than 140% to $9 trillion.
Using Elliott Wave Theory, it 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 dynamics. He believes in the official Trump memecoin (ASSET), despite drawing liquidity from other assets, could spark a wave of enthusiasm for crypto. According to him, the recent decline in memecoins could signal a bottom, paving the way for a recovery.
Among memecoins, Zeberg is particularly bullish on Dogwifhat (Wi-Fi), forecasting it could rise as much as 1,238% to $18 or $19. He sees this as part of a prolonged wave of growth, reflecting strong market momentum.
Zeberg’s analysis reflects an optimistic outlook for the near future of the crypto market, highlighting the role of institutional investors and retail participants in driving the next phase of growth. He suggests that changing dynamics, particularly in the memecoin space, could energize the market and create unique opportunities for traders and long-term holders.
