Economist Henrik Zeberg: Crypto Could Thrive and One Altcoin May Skyrocket Due to Declining Dollar
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Economist Henrik Zeberg: Crypto Could Thrive and One Altcoin May Skyrocket Due to Declining Dollar

Economist Henrik Zeberg suggests that a potential decline in the value of the US dollar could have a positive impact on cryptocurrencies, giving them a new lease of life. Zeberg, who has a large following on the social media platform X, explains that lower bond yields and a weakening dollar index will create a favorable environment for risk assets such as crypto. He specifically mentions JasmyCoin, a blockchain-based project for personal data storage, as one to watch during this crypto rally. Zeberg believes that the next phase for JasmyCoin is wave three, followed by wave four in the summer and a final boost in late summer or early autumn. Although the target may only be around $0.3, Zeberg remains optimistic about the potential of JasmyCoin. He also uses the Elliott Wave theory in his analysis, which suggests that an upward trending asset will experience five waves before reaching its peak. Zeberg points out that JASMY’s technical indicators, such as the moving average convergence divergence (MACD) and the relative strength index (RSI), are showing bullish signals on the daily chart. He anticipates a significant price increase for JASMY and urges his followers to get on board. As of now, JASMY is valued at $0.02, representing a 6% increase in the past day. In regard to Bitcoin, Zeberg has previously stated that it will enter a “melt-up” phase once its monthly RSI hits 70. He predicts a price range of $110,000 to $115,000 for Bitcoin and emphasizes the importance of the RSI surpassing 70 for the steep part of the bull run to occur. Currently, Bitcoin is trading at $64,400 with a monthly RSI of 68.

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