The total crypto market cap reached a $3.009 trillion all-time high in November 2021.
Analyst believes the total crypto market cap is heading to $12 trillion.
The analyst based his prediction on the market cap’s historical trend
Crypto analyst Dan Gambardello predicts the total crypto market cap to $12 trillion by 2026, a bold prediction considering the current all-time high of $3.009 trillion reached in November 2021.
Gambardello’s forecast is rooted in his analysis of historical market cap trends, which he believes show a pattern of significant rallies following pullbacks. He points to the 2016 bull run as a prime example, where the market cap surged from $10 billion to over $760 billion in just two years.
$12 trillion total crypto market cap is in play. pic.twitter.com/oPmty9qDMd
— Dan Gambardello (@cryptorecruitr) September 17, 2024
The 2021 Bull Run and Subsequent Pullback
Importantly, the 2021 bull run saw the crypto market cap rally the most in the history of Bitcoin and cryptocurrencies. After dropping to about $105 billion in Q1 2020, the total crypto market cap rallied over 2,700% in a bull run until November 2021, reaching the current $…
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