Crypto Market is observing the same levels for last two months, it has frustrated the investors to next level. Anyways, we don't have to give up at this point and make sure to hold on to our good projects. Today I will discuss the future possibility after which you all can have a prediction of yourself for the market in next 6-7 months of time. We will study the total crypto market cap for last two bull run as that is the time since when we started seeing the alt season as well and that is why we will focus on those two.
Have a look at the total crypto market cap in the screenshot below.
Let us zoom at the place near January 2018, the time when we saw the peak for the last to last bull run.
From the screenshot above we can see that the peak was 852 billion dollars. Just for the information of the people in 2017 January the same date to which we have current zoomed at the total crypto market cap was resting below 20 billion dollars. It means that the jump of 40X approximately was seen in the total crypto market cap in just one year of time. Now let us look the peak values for last bull cycle.
As you can see in the screenshot that the peak total crypto market was 3 trillion dollars which is approximately 3.5 times from the peak value of what it was last time in year 2018. Now we are in 2024 and we are going to see the peak for this bull cycle in next few months or maybe next year but we will definitely see it. What will be the new total crypto market cap this time?
Even if it goes up by 0.75X we will see a gain of more than 2 trillion dollars in the total crypto market cap and even with 0.5X gain we will see 1.5 trillion dollars of increment in the total crypto market cap. You can assume how that will effect alts even if 20% of that comes to them. We will see the major moves in good projects with just that percent alone.
What do you think will be the total crypto market cap peak this time and do you think it will be seen this year itself? I think we will go above 4.5 trillion dollars this time.
Thank you
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