Economist Henrik Zeberg believes that a potential decline in the value of the US dollar could have a positive impact on cryptocurrencies, rejuvenating the market. Zeberg, who has a significant following on the social media platform X, suggests that lower bond yields and a weakening dollar index will create an ideal environment for risk assets like crypto. He specifically mentions JasmyCoin (JASMY), a blockchain-based personal data storage project, as being poised for growth in this favorable climate. Zeberg predicts that the next phase for JasmyCoin will be wave three, followed by wave four in the summer, and a final boost in late summer to early autumn. Although the target price may only reach around $0.3, Zeberg remains confident in his thesis. He also utilizes the Elliott Wave theory in his analysis, which suggests a five-wave upward movement before reaching a peak. In terms of technical indicators, Zeberg highlights the moving average convergence divergence (MACD) and the relative strength index (RSI) as both showing bullish signs on the daily chart for JASMY. These indicators are commonly used by traders to identify potential trend reversals. Currently, JASMY is valued at $0.02, reflecting a 6% increase in the past day. Zeberg has previously made predictions about Bitcoin, stating that it will enter a “melt-up” phase once its monthly RSI reaches 70. He forecasts a price range of $110,000 to $115,000 for Bitcoin and expects a steep increase once the RSI surpasses 70. As of now, Bitcoin is trading at $64,400 with its monthly RSI at 68. It’s important to note that the opinions expressed by Zeberg and The Daily Hodl are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies.