- Popular crypto analyst Rekt Capital suggests that it’s time for altcoins to rise, predicting a strong run for a blue-chip meme coin.
- Economist Henrik Zeberg believes that the weakening dollar will breathe new life into cryptocurrencies, with his eye on a particular altcoin for the crypto rally.
- Rekt Capital expresses optimism about the future of Dogecoin (DOGE), while Zeberg is focusing on the Jasmy Coin (JASMY) project.
As the crypto market fluctuates, experts suggest it’s time for altcoins to shine. Analysts predict a strong run for Dogecoin and Jasmy Coin amidst a weakening dollar.
Rekt Capital: “DOGE has fully confirmed the macro Bull Trend!”
Despite the market’s current instability, analysts recommend being prepared for the future. Rekt Capital suggests that the OTHERS graph, which tracks the market value of all cryptocurrencies excluding the top 10 digital assets, is potentially ready for a jump from the $250 billion mark. The analyst is particularly hopeful about Dogecoin’s future, noting that DOGE has healthily retested the $0.12 level and officially confirmed the macro bull trend. The next major resistance levels, according to the analyst’s chart, are $0.20 and $0.278.
Henrik Zeberg’s focus is on this altcoin project!
Economist Henrik Zeberg predicts that the weakening dollar will act as a catalyst for cryptocurrencies. He suggests that lower bond yields and a weakening dollar index (DXY) will create a “great environment” for risky assets like crypto. Zeberg has his eyes on the Jasmy Coin (JASMY) for joining the crypto rally. Jasmy is a blockchain-based personal data storage project. Zeberg believes that the next stage for Jasmy is the third wave, with a potential target of $0.3.
Technical Indicators Point to a Bullish Trend
Zeberg, focusing on Jasmy’s technical data, notes that the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators on the daily chart are in the process of turning bullish. He anticipates a larger movement this time, similar to the previous 400-500% increase.
Conclusion
In conclusion, both Rekt Capital and Henrik Zeberg see potential in altcoins amidst the current market fluctuations. While Rekt Capital is optimistic about Dogecoin, Zeberg is focusing on Jasmy Coin. As the dollar weakens, it could provide a favorable environment for these altcoins to thrive.
