Crypto analyst Kevin Svenson predicts a significant rally for altcoins, fueled by a potential increase in the global money supply. He shared this bullish outlook with his 82,800 YouTube subscribers.
Global Money Supply: The Key to Altcoin Growth?
Svenson’s analysis centers on the relationship between the global money supply (M2) and altcoin performance. He claims that past altcoin bull runs have coincided with significant increases in global liquidity. He notes that recent growth in M2 suggests a potential breakout, which could be the catalyst altcoins need to finally take off.
A 190% Surge Predicted?
Svenson envisions altcoins mirroring their price action from the fourth quarter of 2024. Based on this, he projects a potential market cap increase of around 190%, pushing the total market cap to roughly $730 billion – a new all-time high. He anticipates a possible consolidation after this initial surge, followed by a continued upward trend, though with profit-taking at each new high.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is inherently risky, and you could lose money.
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