Closely followed economist and Bitcoin (BTC) bull Henrik Zeberg predicts a massive upswing for the crypto market. In line with this prediction, he claims that an Ethereum (ETH)-based altcoin project could explode 100x. Here are the details.
Zeberg told his 110,000 Twitter followers that internet of things (IoT) project Jasmy (JASMY) is 100 times more capable of recovering from current price levels:
FLY! 🚀🚀🚀 #Jasmy pic.twitter.com/lxWdGSdfCk
— Henrik Zeberg (@HenrikZeberg) May 5, 2023
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The goal of Jasmy, a Japanese crypto project, is to bring together developers and users working on blockchain technology and cryptocurrencies. The project is designed as an open source software platform. The altcoin is currently trading at $0.007, down about 99.8% from its all-time high.
Koinfinans.com As we reported, Zeberg’s call for JASMY is in line with his view that the crypto market is about to begin an enthusiastic rally. With this rally, the macroeconomist charts that the total crypto market cap could explode to $4.4 trillion quite quickly. sharing.
“If you liked the Crypto Excitement happening in the markets in late 2021, you will LOVE the SUPER Enthusiasm coming in late 2023.”
On the other hand, contrary to the popular belief that the US economy is in or in a recession, Zeberg believes that the macro situation is actually on the rise, based on a number of economic points. He adds that the Federal Reserve has finished raising interest rates and risky assets like crypto are now on the rise.
“Inflation has fallen strongly and is moving down.
FED DONE!
LIVABLE ZONE.”
This is not the first time Zeberg has voiced his bullish expectations. The popular analyst has previously called for a major uptrend for the Bitcoin and the rest of the altcoin markets.
You can follow the current price action here.