Economist Henrik Zeberg predicts that altcoins will experience a parabolic rise in a bull market before a global economic recession. Zeberg anticipates the total market cap of cryptocurrencies, excluding Bitcoin and Ethereum, will reach euphoric levels of around $1.83 trillion. Currently, this market cap stands at $662.75 billion. He notes that central banks like the Fed and ECB may cut rates before a recession, which could further fuel this altcoin surge.

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