{"id":561312,"date":"2023-11-18T20:00:09","date_gmt":"2023-11-18T20:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=561312"},"modified":"2024-06-11T08:09:17","modified_gmt":"2024-06-11T08:09:17","slug":"crypto-analyst-projects-7-trillion-market-cap-for-altcoins-heres-when","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-analyst-projects-7-trillion-market-cap-for-altcoins-heres-when\/","title":{"rendered":"Crypto Analyst Projects $7 Trillion Market Cap For Altcoins &#8211; Here\u2019s When"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The <a href=\"https:\/\/wncen.com\/altcoin\/altcoins-rally-whats-next-after-the-breakout\/\" target=\"_blank\" rel=\"noopener \">altcoins market has been on a tear<\/a> over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin, and the shifting climate of the general crypto market. Although the recent momentum of the altcoin market seems to be waning, there is still <a href=\"https:\/\/wncen.com\/altcoin\/altcoins-at-turning-point-analyst-says-time-to-load-on-the-dips-its-a-different-sentiment\/\" target=\"_blank\" rel=\"noopener \">broad optimism amongst many investors and analysts<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Mags, a popular crypto analyst on the X (formerly Twitter) platform, has offered insight into the current landscape of the crypto assets class and its future prospects as the bull market seemingly approaches.<\/span><\/p>\n<h2><strong>Altcoins To Go Parabolic Again?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In <a href=\"https:\/\/x.com\/thescalpingpro\/status\/07495098?s=20\" target=\"_blank\" rel=\"noopener nofollow\">a post on X<\/a>, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analyst\u2019s bullish argument revolves around the Moving Average Convergence\/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Altcoin<\/a> will go Parabolic Again ? <\/p>\n<p>Monthly MACD on the Altcoin Marketcap is about to Cross Bullish<\/p>\n<p>In 2020 we saw a similar bullish cross on MACD and Altcoin Marketcap went from &#8211; $85 B to $1.73 T (+2100%)<\/p>\n<p>The Altcoin Market Cap currently sits at $650 B. <\/p>\n<p>Even if it\u2026 <a href=\"https:\/\/t.co\/NwvCbxRTwY\" rel=\"nofollow\">pic.twitter.com\/NwvCbxRTwY<\/a><\/p>\n<p>&mdash; Mags (@thescalpingpro) <a href=\"https:\/\/twitter.com\/thescalpingpro\/status\/07495098?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-falling-wedge-100\/\" target=\"_blank\" rel=\"noopener \">Cardano Falling Wedge Pattern: Analyst Predicts 100% Increase Following Breakout<\/a><\/div>\n<p><span style=\"font-weight: 400\">From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence\/Divergence indicator in 2020. Following this cross, the altcoins market cap skyrocketed by more than 2,000% from $85 billion to $1.73 trillion. If this MACD cross forms again, Mags expects a similar bull run for the altcoins market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In what seemed like a more realistic stance, the crypto analyst postulated a surge to a $7 trillion market cap by 2025, even if the altcoins experience only half of the 2020 growth. This represents a roughly 1,000% rally from the current altcoin market cap of $637 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data provided by <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko<\/a>, the total cryptocurrency market capitalization stands at $1.429 trillion, with Bitcoin maintaining its place as the largest cryptocurrency (market cap of more than 700 billion).<\/span><\/p>\n<h2><strong>Bitcoin Reclaims Dominance In Crypto Market<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">According to a recent report by Santiment, Bitcoin seems to be back to dominating the <a href=\"https:\/\/wncen.com\/altcoin\/crypto-analyst-reveals-10-top-altcoins-to-watch-this-week\/\" target=\"_blank\" rel=\"noopener \">altcoins<\/a> after a good run in the past month. The on-chain analytics platform highlighted that most cryptocurrencies have been witnessing a price correction at the tail end of the week.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcca <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> price dominance is finally back, at least for the time being. <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Altcoins<\/a> have been retracing on the tail end of the week after the past month&#8217;s blistering hot rally. If the crowd begins to get worried and show <a href=\"https:\/\/twitter.com\/hashtag\/FUD?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#FUD<\/a>, however, we could see some quick price rebounds. <a href=\"https:\/\/t.co\/VAcKd27WIH\" rel=\"nofollow\">pic.twitter.com\/VAcKd27WIH<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/86954245?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 17, 2023<\/a><\/p><\/blockquote>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/avalanche\/bullish-sentiment-surrounds-avax-price-as-republic-adopts-avalanche-blockchain\/\" target=\"_blank\" rel=\"noopener \">Bullish Sentiment Surrounds AVAX Price As Republic Adopts Avalanche Blockchain<\/a><\/div>\n<p><span style=\"font-weight: 400\">Many of the tokens in the altcoin class, including recent top performers like <a href=\"https:\/\/wncen.com\/news\/solana\/solana-institutional-inflows-100\/\" target=\"_blank\" rel=\"noopener \">Solana<\/a>, <a href=\"https:\/\/wncen.com\/news\/cardano\/8800-35-cardano-ada\/\" target=\"_blank\" rel=\"noopener \">Cardano<\/a>, and <a href=\"https:\/\/wncen.com\/avalanche\/avalanche-shines-with-a-31-rally-can-avax-bulls-maintain-push-to-22\/\" target=\"_blank\" rel=\"noopener \">Avalanche<\/a>, appear to be slowing down. Nevertheless, Santiment said that swift price <\/span><span style=\"font-weight: 400\">rebounds could occur \u201cif the crowd begins to get worried and show FUD (fear, uncertainty, and doubt).\u201d<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/jAqHEjyA\/\" alt=\"Altcoins\" width=\"2174\" height=\"1442\"><\/p>\n<pre style=\"text-align: center\">Cryptocurrency market cap excluding Bitcoin on the daily timeframe | Source: TOTAL2 chart on <a href=\"https:\/\/www.tradingview.com\/x\/jAqHEjyA\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from Shutterstock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin, and the shifting climate of the general crypto market. Although the recent momentum of the altcoin market seems to be waning, there is still broad optimism amongst many investors and analysts. Mags, a popular crypto analyst on the X (formerly Twitter) platform, has offered insight into the current landscape of the crypto assets class and its future prospects as the bull market seemingly approaches. Altcoins To Go Parabolic Again? In a post on X, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analyst\u2019s bullish argument revolves around the Moving Average Convergence\/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross.\u00a0 Related Reading: Cardano Falling Wedge Pattern: Analyst Predicts 100% Increase Following Breakout From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence\/Divergence indicator in 2020. Following this cross, the altcoins market cap skyrocketed by more than 2,000% from $85 billion to $1.73 trillion. If this MACD cross forms again, Mags expects a similar bull run for the altcoins market. In what seemed like a more realistic stance, the crypto analyst postulated a surge to a $7 trillion market cap by 2025, even if the altcoins experience only half of the 2020 growth. This represents a roughly 1,000% rally from the current altcoin market cap of $637 billion. According to data provided by CoinGecko, the total cryptocurrency market capitalization stands at $1.429 trillion, with Bitcoin maintaining its place as the largest cryptocurrency (market cap of more than 700 billion). Bitcoin Reclaims Dominance In Crypto Market According to a recent report by Santiment, Bitcoin seems to be back to dominating the altcoins after a good run in the past month. The on-chain analytics platform highlighted that most cryptocurrencies have been witnessing a price correction at the tail end of the week. \ud83d\udcca #Bitcoin price dominance is finally back, at least for the time being. #Altcoins have been retracing on the tail end of the week after the past month&#8217;s blistering hot rally. If the crowd begins to get worried and show #FUD, however, we could see some quick price rebounds. pic.twitter.com\/VAcKd27WIH \u2014 Santiment (@santimentfeed) November 17, 2023 Related Reading: Bullish Sentiment Surrounds AVAX Price As Republic Adopts Avalanche Blockchain Many of the tokens in the altcoin class, including recent top performers like Solana, Cardano, and Avalanche, appear to be slowing down. Nevertheless, Santiment said that swift price rebounds could occur \u201cif the crowd begins to get worried and show FUD (fear, uncertainty, and doubt).\u201d Cryptocurrency market cap excluding Bitcoin on the daily timeframe | Source: TOTAL2 chart on TradingView Featured image from Shutterstock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":561323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,9885,428,12332,83626],"class_list":["post-561312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-avalanche","tag-bitcoin","tag-cardano","tag-solana"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Projects $7 Trillion Market Cap For Altcoins - Here\u2019s When<\/title>\n<meta name=\"description\" content=\"The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/crypto-analyst-projects-7-trillion-market-cap-for-altcoins-heres-when\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst Projects $7 Trillion Market Cap For Altcoins - Here\u2019s When\" \/>\n<meta property=\"og:description\" content=\"The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-analyst-projects-7-trillion-market-cap-for-altcoins-heres-when\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-18T20:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:09:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/shutterstock_1434643079.jpeg?fit=1000%2C667\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Opeyemi Sule\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/fwOpeyemi\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Opeyemi Sule\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-analyst-projects-7-trillion-market-cap-for-altcoins-heres-when\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-analyst-projects-7-trillion-market-cap-for-altcoins-heres-when\/\"},\"author\":{\"name\":\"Opeyemi Sule\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\"},\"headline\":\"Crypto Analyst Projects $7 Trillion Market Cap For Altcoins &#8211; 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