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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/economist-predicts-significant-rise-in-altcoin-market/" data-wpel-link="internal">Economist Predicts Significant Rise in Altcoin Market</a><br></p>
<p style="text-align: justify">Economist Henrik Zeberg predicted a significant parabolic rise in the altcoin market and expects it to reach new highs before the anticipated global recession. Sharing his views with his followers on social media platform X, Zeberg’s prediction is supported by the TOTAL-ETH-BTC chart, which represents the total market value of altcoins excluding Bitcoin (BTC) and Ethereum (ETH).</p> 
<h2 style="text-align: justify" id="strong-altcoin-market-s-potential-strong"><strong>Altcoin Market’s Potential</strong></h2> 
<p style="text-align: justify">Zeberg stated that this market value chart, TOTAL-ETH-BTC, will rise to an exuberant peak of approximately $1.83 trillion. Emphasizing that the current phase of the business cycle is not yet complete, Zeberg suggested that both US stocks and the <a href="https://en.coin-turk.com/is-the-decline-over-there-are-2-critical-levels-for-cryptocurrencies/" data-wpel-link="internal">cryptocurrency market</a> are preparing to enter the final and most speculative phase. According to the analyst, altcoins will achieve significant gains during this phase, leading to a period of market exuberance.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-360866" src="https://coin-turk.com/wp-content/uploads/2024/06/Altcoin-Piyasasi.jpeg" alt="" width="1835" height="853"></p> 
<p style="text-align: justify">At the time of Zeberg’s analysis, the TOTAL-ETH-BTC chart’s value was at $662.75 billion. This indicates an expected increase of $1.2 trillion.</p> 
<h2 style="text-align: justify" id="strong-attention-to-central-bank-decisions-strong"><strong>Attention to Central Bank Decisions</strong></h2> 
<p style="text-align: justify">The economist further detailed the economic context by examining central bank policies, particularly focusing on the Federal Reserve (Fed) and the European Central Bank (ECB). Zeberg noted that these institutions tend to lower <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> shortly before a recession occurs. He pointed out that the ECB recently preferred to lower interest rates, aligning with historical models where central banks lower rates at the end of business cycles to mitigate economic downturns.</p> 
<p style="text-align: justify">Zeberg highlighted this point by referencing recent interest rate cuts by the Bank of Canada (BoC) and the ECB. He added that such actions are typical features of a late-cycle economic phase aimed at preventing an impending recession. He advised his followers to consider whether the current economic situation represents a late-cycle period or the beginning of a new economic expansion.</p> 
<p style="text-align: justify">In his analysis, the analyst emphasized the importance of the Federal Open Market Committee (FOMC) meeting on June 12, where the Fed is expected to announce its next decision regarding the Federal Funds Rate. He stated that the US central bank is not expected to change interest rates, and this decision will be closely watched by both investors and analysts.</p> 
<p style="text-align: justify">Zeberg’s predictions indicate that the altcoin market is poised for significant growth driven by the speculative phase of the current business cycle. Zeberg’s views suggest that despite an impending recession, the short term holds promising opportunities for altcoin investors. According to him, the upcoming decisions of major central banks will play a crucial role in shaping the market’s trajectory, making this period critical for both the stock and cryptocurrency markets.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/economist-predicts-significant-rise-in-altcoin-market/" data-wpel-link="internal">Economist Predicts Significant Rise in Altcoin Market</a></h5>

Economist Predicts Significant Rise in Altcoin Market

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