17% growth? That doesn’t seem that difficult, right?

Analysis: Once the altcoin market cap grows 17%, the market will enter a “frenzy” phase

Anonymous cryptocurrency trader Daan Crypto Trades said in a December 28 post on X that once TOTAL3 (the total market cap of all cryptocurrencies other than Bitcoin and Ethereum) exceeds the 2021 all-time high of $1.13 trillion and enters the price discovery phase, the market will enter a “excitement” or “frenzy” phase.

According to TradingView data, as of press time, TOTAL3 is currently $962.78 billion, an increase of about 91.45% since January 1. “As long as it trades between about $840 billion and about $1.1 trillion, I think the market will fluctuate,” Daan said. He said he would be “a little more cautious” if TOTAL3 was below $800 billion. $XRP