According to Odaily, anonymous cryptocurrency trader Daan Crypto Trades stated in a post on December 28 that the market is expected to enter an 'excitement' or 'frenzy' phase once TOTAL3, the total market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum, surpasses its historical peak of $1.13 trillion from 2021 and enters a price discovery phase. As per TradingView data, TOTAL3 currently stands at $962.78 billion, marking an approximate growth of 91.45% since January 1. Daan noted that as long as its trading price remains between approximately $840 billion and $1.1 trillion, market volatility is anticipated.