$12,950,000,000,000 Crypto Market Cap Incoming As Massive Euphoria Phase Unfolds, Predicts Economist Henrik Zeberg – Here’s His Outlook
An economist known for calling a blow-off top for the markets predicts that the total crypto market cap will skyrocket over 250% from current levels. Henrik Zeberg tells his 186,700 followers on the social media platform X that he’s keeping a close watch on the TOTAL chart, which tracks the total market cap of crypto, excluding stablecoins. The economist predicts that TOTAL will soar to $12.95 trillion in a wave five rally, supported by rising momentum as indicated by the relative strength index (RSI) and the relative vigor index (RVGI). His chart also notes that the moving average convergence divergence indicator (MACD) is on the up and up, suggesting that the asset class is amid a strong uptrend. Both the RSI and the RVGI are momentum indicators, while the MACD is a trend-following oscillator. Zeberg says that the rally will be fueled by a massive euphoria phase as witnessed in 2017 and 2021. “12 Trillion USD Crypto Market? Just imagine…....