The crypto market may welcome its first supercycle, driven by institutional capital.
According to Cointelegraph, the crypto market may welcome its first extended cycle due to the growth of institutional capital and trading products in the Web3 industry, making digital asset investments more accessible. Some investors predict that a crypto 'supercycle' could invalidate the four-year cycle theory related to Bitcoin halving, with digital asset valuations potentially surpassing this historical timeframe.BitMine Immersion Technologies believes that Ethereum's supercycle could be driven by Wall Street's growing adoption of blockchain technology. While there is an optimistic stance on the potential supercycle, not all Wall Street participants are bullish on Ethereum's price trajectory. American investment bank Citigroup has set a year-end price target for Ethereum at $4300, below its all-time high of $4953.