Glassnode co-founder predicts 350% upside for cryptocurrency market

According to U.Today, the Glassnode co-founder posted a tweet on his official In the tweet, they pointed out that in addition to the top 10 cryptocurrencies, the market for other cryptocurrencies known as “OTHERS” is showing a strong upward trend and is expected to achieve significant growth in the future.

They also mentioned how the market performed in early 2021, noting the strong correction that occurred during that time. The co-founders believe this correction represents the fourth wave in the market cycle. They expect a similar strong decline in current market conditions to be followed by more upside potential soon.

Using their proprietary index and Fibonacci levels, the Glassnode co-founders predict an upside of approximately 350% from current market levels. The optimistic forecast comes as the cryptocurrency market experiences increased volatility and uncertainty following the Bitcoin halving event, with many investors keeping a close eye on possible bullish signals.