Ethereum

Cryptocurrency

Bitcoin

View

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-potential-growth-in-cryptocurrency-market/" data-wpel-link="internal">Analyst Predicts Potential Growth in Cryptocurrency Market</a><br></p>
<p style="text-align: justify">In the <a href="https://en.coin-turk.com/speculation-about-binance-ceo-hits-crypto/" data-wpel-link="internal">cryptocurrency market</a>, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are seen consolidating prices to protect their gains. During this period, the total crypto market value experienced a noticeable correction, but an analyst optimistically predicted a market value of $15 trillion in the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>.</p> 
<h2 style="text-align: justify" id="analyst-s-cryptocurrency-view">Analyst’s Cryptocurrency View</h2> 
<p style="text-align: justify">Notably, Michaël van de Poppe, a closely followed figure in the cryptocurrency world, highlighted important points in a post on May 25. He mentioned that after a recent 25% correction in the total crypto market value, consolidation began, triggering a 50% to 70% drop in the altcoin market.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-356387" src="https://coin-turk.com/wp-content/uploads/2024/05/kripto-para-coin-turk-com.png" alt="" width="765" height="413"></p> 
<p style="text-align: justify">Acknowledging this, van de Poppe indicated that the market might undergo further consolidation before reaching an all-time high. He expressed the view that the total market value could reach $15 trillion, representing a 484% rally considering the current market value of the crypto sector.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-356386" src="https://coin-turk.com/wp-content/uploads/2024/05/michael-coin-turk-com.png" alt="" width="498" height="274"></p> 
<p style="text-align: justify">Another point highlighted by the analyst was the Ethereum ETF. He noted that after the completion of the approved spot Ethereum (ETH) exchange-traded funds (ETFs) process, a strong phase is likely in the markets, with S-1 documents being awaited for this.</p> 
<h2 style="text-align: justify" id="current-state-of-the-crypto-market">Current State of the Crypto Market</h2> 
<p style="text-align: justify">Meanwhile, as of the time of writing, the total market value of cryptocurrencies was seen at $2.57 trillion, indicating a 0.07% increase in the last 24 hours. This situation, representing a 5.76% rise in the last 7 days, translates to an 11.26% gain on a monthly outlook. Data from May 27 showed a 54.82% growth since the beginning of the year.</p> 
<p style="text-align: justify">Meanwhile, attention was on Bitcoin and Ethereum prices. Bitcoin was trading at $69,573 with a 1% increase at the time of writing, with a market volume of $1.73 trillion. During this period, the 24-hour trading volume exceeded $25 billion after a 65% increase.</p> 
<p style="text-align: justify">Following the ETF process, Ethereum’s price rose by 1% to $3,884, resulting in a market volume of $466 billion. Ethereum’s 24-hour trading volume increased by 32%, reaching $19 billion.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-potential-growth-in-cryptocurrency-market/" data-wpel-link="internal">Analyst Predicts Potential Growth in Cryptocurrency Market</a></h5>

Analyst Predicts Potential Growth in Cryptocurrency Market

Table of Contents

COINTURK NEWS

Other articles published on May 28, 2024

Investor Who Bought Shiba Inu (SHIB) Early Makes Huge Investment in Retik Finance (RETIK) as Toke...

Solana Price Sustains Optimism Amid Market Weakness, Aiming for $500 in 2024

Google Cloud becomes a key node validator for Fantom (FTM)

Reduce Trading Risks With Unicapital’s AI and Machine Learning

Render (RNDR) Analysis: Navigating Bullish and Neutral Trends

BlockDAG Thrives: Keynote Impact Ignites $2.8M in Mining Sales, Overshadowing Memeinator Listing

Join our free newsletter for daily crypto updates!