Ethereum

Solana

2024

Bitcoin

Trillion

<p>The post <a href="https://coinpedia.org/news/crypto-market-has-potential-to-hit-10-trillion-this-cycle-says-crypto-investor/">Crypto Market Has Potential to Hit $10 Trillion This Cycle Says Crypto Investor&nbsp;&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the ongoing growth in the cryptocurrency market, renowned crypto investor Lard Davis has sparked discussions with his bold projections, foreseeing a substantial $10 trillion market cap for the cryptocurrency space.&nbsp;</p> 
<p>However, the total market cap of the cryptocurrency space is currently at $2.4 trillion, this marks a substantial increase from the $800 billion recorded at the beginning of the year.&nbsp;</p> 
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   <p lang="en" dir="ltr">10 Trillion dollar market, highly possible this cycle, equates to… <br><br>Bitcoin $250,000 <br>Ethereum $15,000 <br>Solana $700</p>— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1763333417071231213?ref_src=twsrc%5Etfw">February 29, 2024</a>
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<p>Meanwhile, this surge follows a period of recovery from a bear market, during which the price of the flagship cryptocurrency, Bitcoin, experienced a substantial decline from its all-time high of $69,000 to a low of around $16,000.</p> 
<h3 class="wp-block-heading" id="h-bitcoin-s-surge-to-250-000">Bitcoin’s Surge to $250,000</h3> 
<p>If Davis’s projection materializes, Bitcoin (BTC) will experience a remarkable surge from its current trading <a href="https://coinpedia.org/news/bitcoin-price-is-up-45-in-feb-2024-best-performance-since-dec-2020-what-next-for-btc-price/">price of $61,500</a>. This represents a potential increase of nearly 400% to reach the projected price of $250,000.&nbsp;</p> 
<p>At the current market cap of around $1.19 trillion, achieving a $250,000 valuation would necessitate a significant influx of capital into the Bitcoin market.</p> 
<h3 class="wp-block-heading" id="h-ethereum-s-aim-for-15-000">Ethereum’s Aim For $15,000</h3> 
<p>In Davis’s forecast, Ethereum (ETH) is predicted to trade at around $15,000, signaling a substantial increase from its current value. Ethereum, with a current market cap of approximately $280 billion, would need considerable capital inflow to reach the projected price.&nbsp;</p> 
<p>The <a href="https://coinpedia.org/price-analysis/ethereum-eth-price-to-surge-more-than-30-in-march-with-altcoins-seeing-5x-10x-rally/">surge to $15,000</a> would position Ethereum as a formidable player in the market, reflecting its pivotal role in decentralized finance (DeFi) and smart contract technology.</p> 
<h3 class="wp-block-heading" id="h-solana-s-surge-to-700">Solana’s Surge to $700</h3> 
<p>Solana (SOL) is earmarked for a <a href="https://coinpedia.org/press-release/solana-sol-price-prediction-sol-investors-gain-300-with-new-sol-rival/">surge to $700</a>, according to Davis’s projections. With Solana’s current market cap standing at approximately $23 billion, achieving the predicted price would involve heightened investor interest and significant capital injection.&nbsp;</p> 
<p>The predicted surge positions Solana as a potential player in the blockchain ecosystem, contributing to the ongoing narrative of scalable and high-performance blockchain platforms.</p> 
<p>Meanwhile, the realization of a $10 trillion market cap would not only mark a historic milestone for the cryptocurrency space but also introduce new opportunities and challenges for market participants.</p>

Crypto Market Has Potential to Hit $10 Trillion This Cycle Says Crypto Investor

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