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Renowned economist and Bitcoin supporter Henrik Zeberg has made predictions concerning the bullish course of cryptocurrencies for the remainder of the year. Zeberg believes that one particular Ethereum-based altcoin, Jasmy (JASMY), will reach new heights and has the potential to soar more than 100 times its present market value, stating that the overall cryptocurrency market is approaching a more optimistic phase, surpassing the previous bull market in 2021.
Jasmy is a Japan-based Internet of Things (IoT) project with the primary objective of joining blockchain and IoT technology in creating a secure and safe environment for data usage designed to benefit everyone. Jasmy is currently trading at $0.007, a substantial 99.8% decline from its peak value.
Zeberg's overall bullish stance on cryptocurrencies can be seen in his prediction that the cryptocurrency market's total capitalization could sway toward a whopping $4.4 trillion. This prediction for JASMY is consistent with the current market's status as we approach the end of the year.
The expert counters the widespread notion of an impending US economic recession, with a bullish macroeconomic outlook. Zeberg believes that with the Federal Reserve halting interest rate increases, risk assets such as cryptocurrencies are now due for a considerable upswing.
All the talk of upcoming euphoria has aroused excitement and optimism among cryptocurrency enthusiasts. In this time of uncertainty, the cryptocurrency market has displayed immense potential for growth and development in the long run.
Other crypto analysts have stated on social media that the bear market of 2022 is soon over, and the continuous rally of Bitcoin and the rest of the altcoin market is well underway. However, their predictions can still be invalidated if black swan events occur.
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