The closely followed economist and Bitcoin (BTC) bull Henrik Zeberg is calling for a mega bullish end to this year for the crypto markets, and currently has his eye on a particular Ethereum (ETH) based altcoin project.
Zeberg tells his 110,000 Twitter followers that the Internet of Things (IoT) project Jasmy (JASMY) has the potential to increase more than 100x from its current price level.
“FLY”
Jasmy, a Japanese crypto project, aims to combine blockchain and IoT technology to create an infrastructure that allows anyone to use data securely. It is currently trading at $0.007, about 99.8% lower than its all-time high.
Zeberg’s JASMY call is consistent with his view that crypto is about to enter a euphoric phase that will surpass the 2021 bull market. He shares a chart that suggests that the total crypto market cap could explode quite quickly to the $4.4 trillion level.
“If you loved the Crypto Euphoria in the markets at the end of 2021, you will love the upcoming SUPER EUPHORIA at the end of 2023.”
Contrary to popular belief that the US economy is in or entering a recession, Zeberg believes that the macroeconomic situation is optimistic on a number of economic grounds. He says the Federal Reserve is done raising interest rates and risk assets like crypto are now getting a boost.
“Economy is 100% NOT in recession.
Inflation fell sharply – and lower.
Fed is done!
GOLDILOCKS ZONE
Blow-off top is developing.”
The popular analyst has previously called for a major uptrend for Bitcoin and the rest of the crypto markets.
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Featured image: Shutterstock/Klavdiya Krinichnaya
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