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<ul class="news-points"> 
 <li><strong>Michel van de Poppe predicted that the altcoin market cap could reach $1+ trillion if it breaks above $675 billion.</strong></li> 
 <li><strong>During the past week, the collective altcoin market cap (TOTAL2) printed two higher lows.</strong></li> 
 <li><strong>However, investors will want to take note of the fact that medium-term and long-term momentum was in favor of sellers.</strong></li> 
</ul> 
<p>The global <a href="https://coinedition.com/tag/altcoin-alt-news" rel="noopener noreferrer nofollow">altcoin market</a> cap is currently still consolidating between the range of $425-675 billion, according to a post shared by renowned trader and analyst Michael van de Poppe earlier today. However, if the market cap can break above the $675 billion resistance, van de Poppe believes it could target $1+ trillion soon.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">The Total market capitalization of <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> is currently still consolidating within the range of $425-675 billion.<br><br>Let's see what the coming weeks will bring. <a href="https://t.co/jWBkMHFf5h" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/jWBkMHFf5h</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1693876404490777033?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 22, 2023</a> 
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<p>During the past week, the collective altcoin market cap (TOTAL2) printed 2 higher lows. This resulted in the formation of a positive trend line, which may suggest that altcoins will continue to strengthen throughout the coming week.</p> 
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  <img decoding="async" width="1793" height="753" src="https://coinedition.com/wp-content/uploads/2023/08/Total-2.png" alt="" class="wp-image-330700" srcset="https://coinedition.com/wp-content/uploads/2023/08/Total-2.png 1793w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-300x126.png 300w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-313x131.png 313w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-380x160.png 380w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-768x323.png 768w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-1536x645.png 1536w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-696x292.png 696w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-127x53.png 127w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-159x67.png 159w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-255x107.png 255w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-795x334.png 795w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-440x185.png 440w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-414x174.png 414w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-326x137.png 326w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-377x158.png 377w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-328x138.png 328w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-144x60.png 144w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-123x52.png 123w, https://coinedition.com/wp-content/uploads/2023/08/Total-2-129x54.png 129w" sizes="(max-width: 1793px) 100vw, 1793px"> 
  <figcaption class="wp-element-caption"> <em>Daily chart for TOTAL2/USDT (Source: <a href="https://www.tradingview.com/x/OJHGqCzy/" target="_blank" rel="noopener noreferrer nofollow">TradingVie…</a></em> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/altcoin-market-cap-seeks-breakout-to-reach-1-trillion-analyst/">Altcoin Market Cap Seeks Breakout To Reach $1 Trillion: Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Altcoin Market Cap Seeks Breakout To Reach $1 Trillion: Analyst

Coin Edition

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