Total Market Cap Will Reach $11 Trillion In Three Years

The total market cap will reach up to $11 trillion in 2023 according to the Logarithmic scale analysis, based on the data from the past decade which points to the potential sum of all crypto assets as we are reading further in the altcoin news below.

The Benjamin Cowen who is a dedicated crypto analyst for the Bitcoin potential future price, now analyzed the wider market caps of all digital assets and now the data for all altcoins including BTC is based on weekly data and is less complete. Cowen tried to create a new trend and a set of correlations based on the movement for the crypto market so far since the altcoin already showed some stunning ratios of peak prices and it is harder to estimate the next peak. The extending peaks previously, the altcoins could rally as much as 40 times based on the past performance but this is only an optimistic scenario.

In this scenario, the total market cap could reach 32 trillion by 2023 with a warning that this could be a far-fetched overestimation. The next crypto market rally could achieve 313x earnings from the bottom to the top but this doesn’t guarantee an all-asset growth and could separate the markets and some can even perform better than others. With the past bull market, some crypto tokens appreciated by 100 while outliers appreciated by a factor of 10,000. The periods from peak to the peak are growing as well and the crypto market matures.

Based on other analysis, the next peak could be at $11 trillion but it is uncertain if 2023 would be the year that this happens. Currently, the market is getting much lower and the next rally could be far away from now. Bitcoin could even have a market cap of 2.7 trillion and this is based on an analysis of BTC prices at $141,000 with a dominance of 23 percent. The altcoin dominance shows another cyclical movement that could develop in various time frames. The scenario includes a bubble in the altcoin market and the Bitcoin dominance could drop to new lows. The altcoin market could reverse and Bitcoin could return to its position to control the crypto market.