The crypto market is in the final phase of breaking it's nest and enter in to the trajectory from where it will hunt for it's real new all time high. I am not talking about bitcoin particularly or Ethereum, but I am talking about the entire crypto market and so we will be analyzing the global crypto market cap data and try to understand where does the market rests already and where we might expect to see it going in coming one to one and a half year of time frame.
First of all I will share the last three years of global crypto market cap chart below, from there we will understand what is the threshold for global crypto market cap for last bull run i.e what is the last all time high that was created in for the entire crypto market.
Going in to the details of the above chart we realize that the November 2021 was the month when crypto market set a new record for the global crypto market cap and I have shared the screenshot below so that you all can also see the same.
We have a recorded data for 3.057 trillion dollars already and currently the global crypto market or the total crypto market cap is at 2.74 trillion dollars. We are only 300 billion dollars away from the last record and from there the doors will open for new all time high that will really going to be the real all time high where bitcoin will hunt it's new all time high above 100k and even the alts will hunt for highs.
Now to understand the caliber for market I am going to share the last two global crypto market cap and that means the data for last two bull runs. Here we will compare the all time high for crypto market cap in last to last bull run with the last bull run break out market cap.
It took three years gap for the market to break the 848.59 billion dollars from 2018 to 2021 and in that same year the crypto market also set it's new all time high for the total crypto market cap where the number was 3+ trillion dollars as I shared in the beginning of this blog. The growth was more than three times or we can even say that it was almost 4 times.
So when the record breaks and we cross 3 trillion again then who knows what will be the new all time high for total crypto market cap. If the market gains 50% then also we will reach 4.5 trillion dollars but if things worked well and we saw more money coming into the market then even 7-10 trillion can be total crypto market cap as well. Don't forget that there are ETF's now and big firms are already investing in the market.
Prepare yourself for something big, that is all for this blog.
Thank You