This catalyst is exactly what old coins needs to “really do something”, says analyst Kevin Svenson

The cryptocurrency analyst Kevin Svenson emphasizes a potential bullish catalyst for old coins.

In a new video, Svenson announces his 82,800 YouTube subscribers that an expansion of the global money supply could trigger a rally into old coins.

According to Svenson, former Altcoin rings broke out after an increase in the global money supply.

“Every big bull run for these old coins … You really started until global liquidity exploded, you know, got up enormously …

And what we saw is that until recently we have recently tested global liquidity as support. There was really no growth for the M2 (money offer). But it starts to arrive … … you can see that the M2 is now slowly coming out.

And this outbreak in global liquidity can be exactly what the old coins need to do something real. “

The crypto analyst says that he sees old coins who thought the prize campaign that they performed during the rally in the fourth quarter of 2024. According to Svenson, the market capitalization of old coins from the current level could increase by around 190%.

“If you only extrapolate, it would take up to $ 730 billion, which would be a new all-time high …

This could be a target zone for old coins and then you could come back to test the trend line again. And maybe you will go up later that it could only be a very steady upward trend, in which a lot of profit is achieved with every new high. “

https://www.youtube.com/watch?v=lnkkuac1xyk

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