finbold.com
Although many assets in the cryptocurrency industry are consolidating their previous gains, and the total crypto market capitalization is doing the same following a deep correction, a popular crypto expert has projected that the total crypto market cap might hit a staggering $15 trillion.
Specifically, professional crypto trader Michaël van de Poppe has recently observed that the total crypto market capitalization was consolidating after a 25% correction and that this included a “50-70% on altcoins,” according to his detailed analysis published in an X post on May 25.
With this in mind, van de Poppe has predicted that the market could expect “some more consolidation before a clean break of the all-time high,” voicing his vision of the “total market cap going to $15T,” which would suggest a rally of 484% from the crypto sector’s current market cap.
As the analyst observed more recently, the crypto arena is currently waiting for the S-1 documents for the approved spot Ethereum (ETH) exchange-traded funds (ETFs) that would finalize the approvals and possibly precede the “continuation on the markets in a strong manner.”
Among the digital assets that could help the entire crypto arena reach the predicted total market cap might be Aptos (APT), which has recently set a record in daily transactions, and Render (RNDR), feeding off the success of the artificial intelligence (AI) giant Nvidia (NASDAQ: NVDA), as Finbold reported on May 26.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.