The analyst predicts that the market value of altcoins will exceed $1 trillion

According to crypto expert Michaël van de Poppe, the altcoin market could reach a valuation of more than $1 trillion soon.

For instance, an expert mentioned that the current cryptocurrency bearishness incurred a 4% decrease in market capitalization.

Over the past week, Binance Coin, Ethereum and Lido have lost between 2% and 6%.

This did not cause any increase in Ether’s price after last week’s clearance of the Ethereum ETF by the Securities & Exchange Commission. The top ten assets by market size apart from Bitcoin experienced declines while it remained resilient in spite of confidence amongst market participants.

Binance Coin has had its worst week since inception with staked lido ether and ether all losing value over this period.

Crypto Analyst Forecasts Altcoin Market Cap Recovery

In his recent tweet, Michaël van de Poppe claimed that many cryptocurrencies saw “a harsh” downturn in their digital currency markets which caused a 4% correction or decline in their capitalizations.

The industry is expected to have a “big breakout” after the current dip ends pushing market valuation above $800 billion.

They started to recover later into the weekend; however, AI tokens were among those which opened on a slow note as compared to their counterparts Layer 1 tokens and meme coins especially were successful areas.

Among meme currencies Dogecoin has highest market cap than others.Traders and crypto analysts who want to get in on "some" of the meme craze might consider buying DOGE. The pundit says that within six months to one year ahead, doge may go nuts at .50 cents upwards.

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