Economist Henrik Zeberg has recently predicted an exponential rally in Ethereum-based altcoins, including Ethereum itself, amid the coming ‘super euphoria’ of 2023. According to him, the surge will be the result of a significant global economic event, which is still unfolding and will be fully blown by 2023.
Zeberg, who is also the author of “The Deflationary Solution,” based his analysis on Kondratiev’s Long Wave theory, which posits that there is a recurring 50-60 year economic cycle comprised of four phases: expansion, stagnation, deflation, and depression.
Zeberg believes that we are currently in the deflationary phase, which started in 2000 and is expected to last until 2022-2023. During this phase, the prices of goods and services decline, and this is evident in the current global economic situation. For instance, many countries are experiencing deflation, and central banks are struggling to combat it despite their efforts to keep inflation in check.
The deflationary period is typically followed by a depressionary phase, characterized by widespread unemployment, reduced spending, and an economic downturn. However, Zeberg predicts that this upcoming depressionary phase will be different, thanks to technological advances such as blockchain technology.
According to Zeberg, Ethereum-based altcoins and blockchain technology have the potential to usher in a new era of global financial systems, similar to what the internet did for information systems. He believes that Ethereum and its altcoins will play an essential role in this new phase, and their value will skyrocket as the world transitions to a new financial system.
Zeberg also noted that Ethereum is a decentralized platform that allows users to create smart contracts and decentralized applications. This enables developers to build blockchain-based solutions that are more efficient and secure than their traditional counterparts. As such, Ethereum is likely to be at the forefront of the adoption of decentralized finance (DeFi).
DeFi has been growing rapidly, and it has the potential to transform the traditional financial system by providing decentralized alternatives to traditional financial services such as loans, insurance, and exchanges. With DeFi, users can transact directly with each other on the blockchain without the need for intermediaries such as banks.
Zeberg sees Ethereum-based altcoins and DeFi as the two key drivers behind the upcoming ‘super euphoria.’ He believes that as the world shifts towards a new financial system, the value of Ethereum and its altcoins will rise exponentially. Ethereum will play a significant role in this new financial system, and its value will increase as more users adopt DeFi solutions.
Zeberg’s prediction is not entirely unfounded; Ethereum has already seen significant growth over the past year. The price of Ethereum has more than doubled in the past six months, rising from $550 in December 2020 to over $2,500 in May 2021. This growth is likely due to increased demand for DeFi solutions and the overall hype around cryptocurrencies in general.
In conclusion, Henrik Zeberg’s prediction of an exponential rally in Ethereum-based altcoins, including Ethereum itself, is a possibility. As the world transitions towards a new financial system, Ethereum’s role is likely to increase, and its value is likely to surge as a result. While there are no guarantees that Zeberg’s prediction will come to fruition, it is worth keeping an eye on Ethereum and its altcoins in the coming years, as they play an increasingly important role in the evolution of blockchain technology and distributed finance.
The Internet of Things (IoT) project Jasmycoin (JASMY) based on Ethereum (ETH) has caught the attention of economist and Bitcoin (BTC) bull Henrik Zeberg, who believes the altcoin has the potential to potentially rally over 100x from its current price levels. JASMY, a Japanese crypto project, aims to combine blockchain and IoT technology to create an infrastructure that allows anyone to use data safely and securely. Currently trading at $0.007, it is 99.8% down from its all-time high.
Zeberg’s JASMY call is in line with his outlook that crypto is about to enter a euphoric stage that outdoes the bull market of 2021. He shares a chart that suggests the total crypto market cap could explode rather quickly to the $4.4 trillion level. Contrary to popular belief that the US economy is either in or entering into a recession, Zeberg is of the viewpoint that the macro situation is actually bullish, based on a number of economic points. He says the Federal Reserve has finished raising interest rates, and that risk assets like crypto are now in for a boost. Henrik Zeberg has previously called for a major uptrend to begin for Bitcoin (BTC) and the rest of the crypto markets.
The Internet of Things (IoT) refers to a network of interconnected physical devices that can receive and share data. With increasing utilization of IoT devices comes the need for secure sharing of data. Jasmycoin aims to create a secure infrastructure for sharing data by combining blockchain technology with IoT technology. Blockchain technology is a decentralized and secure ledger that enables secure transactions between untrusted parties. Combining the secure nature of blockchain technology with IoT devices would enable the safe sharing of data between physical devices.
In conclusion, the Jasmycoin (JASMY) altcoin project based on Ethereum (ETH) has the potential to rally over 100x from its current price levels, according to economist and Bitcoin (BTC) bull Henrik Zeberg. The Internet of Things (IoT) project aims to create a secure infrastructure for sharing data by combining blockchain technology with IoT technology, a need that has arisen with the increasing utilization of IoT devices. Zeberg’s positive outlook on the macro situation suggests risk assets like crypto are in for a boost, and he expects the crypto market to enter a super euphoric stage in late 2023.
