Cryptocurrency analyst Kevin Svenson highlights a potential optimistic catalyst for altcoins.
In a new video, Svenson said to its 82,800 YouTube subscribers that an expansion of the world money supply could trigger a rally in Altcoins.
According to Svenson, the previous Altcoin rallies broke out after an increase in the world money supply.
“Each big bull for these altcoins …… They really did not start running until the overall liquidity has exploded, you know, increased enormously …
And what we have seen is that until recently global liquidity, we tested the heights of 2022 as a very recently support … There was no growth for the M2 (money mass) really. But it’s starting to come …… you can see that the M2 is slowly presenting an escape now.
And this escape in global liquidity can be exactly what altcoins need to start doing something for real. »»
Crypto analyst says that he sees Altcoins reproducing the action of the prices they displayed during the rally in the fourth quarter of 2024. According to Svenson, the market capitalization of Altcoins could increase by around 190% of the current level.
“If you extrapolate yourself … It would take us about 730 billion dollars, which would be a new summit of all time …
This could be a target area for altcoins, then they could come back to retest the trend line. And perhaps go up later, it could be a very regular upward trend where there are just a lot of profits at each new summit. »»
https://www.youtube.com/watch?v=lnkkuac1xyk
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