DU09

Crypto Market Cap - $32 trillion in range! Gold in danger!

Long
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
It took the crypto market 12 years to achieve $1 trillion market cap on 6 Jan 2021 ( BTC was launched on 3 Jan 2009).

How long did it take for us to double that to $2 trillion? 3 months (6 Jan to 10 April 2021).

What does this tell us? We are going exponential and this ride only started. Massive adoption is taking place at an unprecedented rate.

The first big question was if this large wedge in blue that we have created since Jan 2021 would break up or down... well, we have our answer now. We broke up and with it, we passed the $2 trillion market cap. πŸ™ƒ

This is a very bullish signal given by pure price action. There is no fundamental analysis needed here, price is clear. We are going higher and fast.

At this rate another doubling of price will take us to $4 trillion or almost HALF the market capitalization of gold or three times that of silver!

Lets see how fast we double again, normally it should be in less than 3 months...

Where am I getting at? If we are to project a similar increase percentage wise like last bull market (2015-2018), the crypto market should top around $32 trillion. Impossible most will say. I think it's just a matter of time, if not this bull market, the next for sure.

Regardless, this is a clear indicator that BTC and the alt market have massive gains still to be had, so enjoy the ride, this party ain't over, it just started baby. The parabolic gains to come will make history.

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Comments

Gold in danger ? naaa .
+1 Reply
DU09 Navima
@Navima, :D well we will likely flip the market cap of gold
Reply
@DU09, I also have crypto, but for the trend and I don't compare it to investing at all. I see it more as greed like a slot machine. no ineligible value
Reply
@Navima, in the end it's only a shiny conductor.
Reply
Navima spaghetti-M
@spaghetti-M, Gold... you mean a real raw material that is very important . instead of air without securities. Nice for a ride but does not value it. 2000 will repeat itself with bitcoins . When the big elephants get out we are nowhere anymore.
Reply
Jan 2022, in a boardroom (mutual fund / sovereing /trust / hedge fund / endowment / family offices etc) somewhere and anywhere in the planet; perhaps it would be a god idea to ''consider'' adding a position on these digital assets, I vote for an allocation to this new digital asset class say 1% to 5% etc...there are some very BIG pension / endowments / sovereign wealth funds; yes adoption is written in this sky and your $32T is a mere reflection of the inflation vacuum that digital assets brings to the table :-), thank you for your graph makes much sense at least to me and this is what counts, best ! I hear that the number of mutual funds and ETFs seeking licensing to issue new products to cover this space is exploding...
+1 Reply
I love it..
I'm conservative in my estimatations.
And I'm hoping for 6.6T-8T MC this year. 180k btc price. Id be over the moon
Are you expecting a pullback at 2.2T MC?
+1 Reply
DU09 Legalizedhustler
@Legalizedhustler, Unlikely. BTC and ETH are pumping, not to mention XRP... lol. They broke significant resistance levels.
Reply
like the analysis
+1 Reply
DU09 AM.98
@AM.98, Appreciate it!
Reply
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