Economist Henrik Zeberg shared his views on the future of memecoins and the broader cryptocurrency market. In a statement made to his 174,400 followers on social media platform X, Zeberg indicated that the total market value of crypto assets could rise by approximately 141% from current levels.

Growth Potential of the Crypto Market

Zeberg noted that the total cryptocurrency market is currently valued at 3.73 trillion dollars. According to his technical analysis, the overall market value is within an ascending wedge formation on a weekly timeframe. The economist suggested that this trend represents the final wave of a five-wave model that began in 2018.

The Role of Memecoins

Discussing memecoins, Zeberg mentioned that although they may siphon liquidity from other crypto assets, the Official Trump meme project could serve as a hidden boon for the market. He stated, “This [TRUMP ($8.40) memecoin] may look bad for crypto – but it could actually trigger the full crypto frenzy dynamic. Like the water retreating on the shore – just to return like a tsunami.”

Zeberg expressed optimism about the memecoin dogwifhat (WIF ($0.54)), predicting a potential increase of 1,238% from its current level. ...