Bitcoin, Ether, XRP, Solana, Cardano, Shiba Inu Braced For Explosive $4 Trillion Storm

Amidst the latest crypto recovery, one analyst has stated that the total market capitalization has completed its short-term correction and will restart its bull run soon. Michael van de Poppe, the analyst in question, believes that the next long-term target for the crypto market capitalization is $4 trillion. Currently, the market is worth just above $2.3 trillion.

Van de Poppe tweeted:

He uses the 0.618 Fibonacci retracement level from the All-Time High (ATH) peak of $2.72 trillion to get a retracement value close to $2 trillion. The crypto market capitalization followed the Fibonacci sequence and managed to bounce back from the important support level. If it had been breached, the next level would have been at the 0.5 Fibonacci level, at around $1.85 trillion.

According to van de Poppe, the next long-term target for the cryptocurrency market cap is at 1.618 Fibonacci level, just below the $4 trillion valuation ($3.95 trillion). After that, the next Fibonacci sequence is 1.786 and $4.85 trillion.

This prediction is achievable for the digital currency market as the bull market has just begun. Bitcoin alone is predicted to reach anywhere between $100k and $250k by the end of this cycle, with a target market capitalization of $2-4.5 trillion. Altcoins are expected to follow it and eat away at its majority share of the proceedings as the bull cycle progresses.

While the total market capitalization is expected to hit $4 trillion at least during this cycle, the individual contribution of each digital currency is a bit unrealistic to predict. The crypto market has had massive altcoin runs during the last two bull markets of 2016-2017 and 2020-2021. However, the first to rise was BTC, and the rest of the market followed it eventually. BTC is expected to have a major slice of the bull run, and its dominance can remain above 40% even in the end.

While pinpointing the exact timing of this major price surge is difficult, the market is expected to perform well in the latter half of 2024, potentially leading to a strong 2025. The total crypto market capitalization could reach record highs by Q3 or Q4 of 2025, although this depends on broader economic factors.