AskLeo - $2.4 Trillion Current Total Crypto Market Capitalization, But What's The Peak This Cycle?

@edicted was right. April has been nothing more but dull, a month of pullbacks and accumulation and May is already rocking it especially for the altcoins such as ETH. We now have an almost $2.4 trillion total market capitalization and there's definitely still room for the upside.

When I see $ETH valued at $3,288 I find it so hard to believe it was valued at less than $100 just a year ago. What a bargain was it at that time. @tobetada has replied to me on a comment today and he was forecasting that in a few months, probably even weeks, ETH shall be a $5,000 cryptocurrency.

It's already bigger than Mastercard and during this bull market Mars is the limit and not the sky. Bitcoin is loosing dominance more and more and that only points to one thing: altcoins season. We're probably on the cusp of a unbelievable altseason and quite a few of us were waiting for that.

$2.4 trillion is a lot of capital invested in some fancy internet money that's becoming more of a threat for the current financial system. Exactly four years ago the total market capitalization for cryptocurrencies was around $45 billion and it has peaked at around $800 billion. That's almost 20X in nine months.

How long will it take the market to peak and enter a bear market is hard to predict although there are all sort of schemes and forecasts floating around the internet. If the exponential growth pattern of 2017 shall repeat we will have a $40 trillion total market capitalization for crypto by the end of this year.

I doubt that it will happen though, but I easily see at least $10 trillion to be the peak of the bull market. I don't know if BTC will manage to outperform gold and its ten trillion capitalization this year, but the whole market, including alts, will do that.

Such an event will grant crypto much more exposure than any media campaign in the world and everyone and their mother will talk crypto. My mother by the way is sending me all sort of crypto articles she finds on facebook almost on a daily basis which I honestly find quite annoying, but I know we haven't peaked yet, she's not asking for a peak yet.

What's The Total Crypto Market Capitalization Peak This Cycle?

Hmmm, hard to predict. I'd say that something between 10 and 15 trillion. I doubt we will go higher than that and I wouldn't call this bull market a true one with less than 10 trillion. That would be about 12X the previous market cycle peak.

We're already at a quarter of that amount and we're quite far away from the euphoria phase. Hence 10 trillion is quite achievable imo. What's you take, how high the market will peak this cycle?

Thanks for attention, Adrian

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