Crypto Market Cap - 30x gains from here possible

13 ม.ค. 2021

If the past if of any indication of the future, we are looking at around 30x gains in market cap from the current level. This includes BTC + Altcoins.

This does not seem unrealistic, rather quite a conservative target, considering that the total altcoin market cap has not even passed their previous ATH. There is a lot more gains to have still.

BTC barely doubled its previous ATH level of 20k so in many ways, we are at the start of this bull market which is clearly indicated in this chart.

We passed the previous ATH in total crypto market cap, re-tested it as support and now we have a lovely hammer candle this week, which is bullish. Therefore, we should soon push higher.

The yellow parabola is a guestimate of how we should raise, if we are to mirror the 2015-2018 parabola. That would put the top of this bull run at around $30 trillion. A nice 30x from current levels.

Gold market cap is around $10 trillion. Such a rise would imply BTC may exceed Gold in market cap. This seems unlikely at this time, but I think comparing Gold to BTC is not a good measurement.

In any event, by early 2022 we will know if this is true or not, as indicated by the parabola. Save this chart for later. It will sure be interesting to see where we are going. :)

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