paul7x7

Altcoin Crypto Market to $50T by May 2022 ($TOTAL2)

Long
CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
I've used a basic understanding that the market cap during the last bull run of 2018 grew approximately 10000 times from the bottom. I used one order of magnitude less for this target (1000 times from the bottom) to reach the upper end of a fibonacci target. We may find a short term peak somewhere in April 2021 after a precipitous spike, followed by the completion of the time fractal into a top around 50T at May 2022. From there, I would expect a similar 90% retrace as seen in previous crypto bearish cycles, and then possible a 100 times move from the bottom (one less order of magnitude again) to continue the move towards 500T market cap sometime in 2027.
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