Render

Aptos

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 <p class="paragraph">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.</p>
 <p class="paragraph">Specifically, professional crypto trader Michaël van de Poppe has recently observed that the <a rel="noopener noreferrer nofollow" title="total" href="https://thebittimes.com/tag/total.html">total</a> crypto <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization was consolidating after a 25% correction and that this included a “50-70% on altcoins,” according to his detailed <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> published in an X post on May 25.</p>
 <p class="paragraph">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.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="551" src="https://cdn.thebittimes.com/images/2024/05/27/d614c4f722725b95798399e8d5ba1fb6.webp" alt="Total crypto market cap analysis. Source: Michaël van de Poppe" class="wp-image-178720" srcset="https://cdn.thebittimes.com/images/2024/05/27/d614c4f722725b95798399e8d5ba1fb6.webp 1024w, https://cdn.thebittimes.com/images/2024/05/27/d614c4f722725b95798399e8d5ba1fb6.webp 300w, https://cdn.thebittimes.com/images/2024/05/27/d614c4f722725b95798399e8d5ba1fb6.webp 768w, https://cdn.thebittimes.com/images/2024/05/27/d614c4f722725b95798399e8d5ba1fb6.webp 1536w, https://cdn.thebittimes.com/images/2024/05/27/d614c4f722725b95798399e8d5ba1fb6.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Total crypto market cap analysis. Source: </em><em>Michaël van de Poppe</em>
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 <p class="paragraph">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.”</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Last week was a huge week for #Crypto.<br><br>Currently, we're waiting for the final approvals: the S-1 documents for the Ethereum ETF.<br><br>Once that's done, we'll see continuation on the markets in a strong manner.</p>— Michaël van de Poppe (@CryptoMichNL) May 27, 2024
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 <h2 class="wp-block-heading" id="h-crypto-market-cap-analysis">Crypto market cap analysis</h2>
 <p class="paragraph">Meanwhile, the <a rel="noopener noreferrer nofollow" title="total" href="https://thebittimes.com/tag/total.html">total</a> <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of all digital assets at press time stood at $2.57 <a rel="noopener noreferrer nofollow" title="trillion" href="https://thebittimes.com/tag/trillion.html">trillion</a>, suggesting a 0.07% increase in the last 24 hours, an advance of 5.76% across the previous seven days, and an 11.26% gain on its monthly chart, adding up to the growth of 54.82% since the year’s turn, as per data on May 27.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="773" height="600" src="https://cdn.thebittimes.com/images/2024/05/27/9986e559f8cc514302de082764b9eea4.webp" alt="Total crypto market cap 1-year chart. Source: CoinMarketCap" class="wp-image-178721" srcset="https://cdn.thebittimes.com/images/2024/05/27/9986e559f8cc514302de082764b9eea4.webp 773w, https://cdn.thebittimes.com/images/2024/05/27/9986e559f8cc514302de082764b9eea4.webp 300w, https://cdn.thebittimes.com/images/2024/05/27/9986e559f8cc514302de082764b9eea4.webp 768w" sizes="(max-width: 773px) 100vw, 773px">
  <figcaption class="wp-element-caption"><em>Total crypto market cap 1-year chart. Source: </em><em>CoinMarketCap</em>
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 <p class="paragraph">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.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-expert-predicts-total-market-cap-going-to-15-trillion-tbt89974.html">https://thebittimes.com/crypto-expert-predicts-total-market-cap-going-to-15-trillion-tbt89974.html</a></p>

Crypto expert predicts total market cap going to $15 trillion

Зміст

TheBitTimes

Інші статті, опубліковані 27 трав. 2024 р.

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