Thereโs exciting news in the crypto world! ๐ Economist Henrik Zeberg recently observed a surge in altcoins, despite the current macroeconomic conditions. ๐ฅ He noted that altcoins are starting to outpace Bitcoin, making many curious about the future dynamics of the crypto market. ๐ค
Currently, the BTC Dominance Index (BTC.D) shows that Bitcoin controls 57.65% of the total cryptocurrency market value. ๐ช While still dominant, there are signs that altcoins could skyrocket soon! ๐ Using Elliott Wave Theory, Zeberg believes we are in the third wave of a bull cycle, which is usually the strongest. ๐ช
Some key points from Zebergโs analysis are:
- Altcoins are currently growing faster than Bitcoin. ๐
- A significant spike in market prices is expected. ๐ฐ
- Current economic indicators suggest that there is likely to be no โsoft landingโ for the economy. ๐ช๏ธ
- Investors need to remain vigilant about potential market volatility. โ ๏ธ
So, while Bitcoin still leads, altcoins could be the new stars in the crypto market. ๐ Make sure to stay updated and be careful in your investment strategy! ๐