Monday, 22 July 2024

Crypto Expert Forecasts $7 Trillion Altcoin Market Cap

  • The altcoin market has been growing rapidly.
  • The market capitalization of altcoins to soar from $85 billion to $1.73 trillion in 2020.
  • Most cryptocurrencies saw a price correction at the end of the week.

Because of the resurgence of Bitcoin and the shifting dynamics of the cryptocurrency market, the altcoin market has been growing rapidly. Analysts and investors remain upbeat even though the altcoin market’s recent momentum seems to be fading.

Using the Moving Average Convergence/Divergence (MACD) indicator on the monthly altcoin chart, cryptocurrency analyst Mags predicted that the value of most cryptocurrencies would go parabolic in the upcoming years.


Mags points to a historical bullish cross that occurred in 2020 and caused the market capitalization of altcoins to soar from $85 billion to $1.73 trillion.

Mags believes that the altcoin market will see a similar bull run if this MACD cross happens once more. In addition, Mags predicted that the altcoin market would grow to a $7 trillion valuation by 2025, a 1,000% increase from its $637 billion current valuation.

According to data from CoinGecko, the market capitalization of all cryptocurrencies is $1.429 trillion, with Bitcoin continuing to hold the top spot.

Most cryptocurrencies saw a price correction at the end of the week, according to a recent Sentiment report, which indicates that Bitcoin is regaining its lead in the altcoin space. Fast price rebounding, though, might happen if the public starts exhibiting fear, uncertainty, and doubt (FUD).

Related posts

Italian Banks Make Blockchain History with €25 Million Bond Issuance

CDP and Intesa Sanpaolo complete Italy’s first blockchain-based bond transaction. The bond…
Read more

Ripple CEO Anticipates Swift Conclusion to SEC Lawsuit

Ripple CEO Brad Garlinghouse expects the legal battle with the SEC to conclude soon, but can’t…
Read more
CryptoWeb 3.0

Rethinking Airdrops: The Search for More Effective Token Distribution Models

Airdrop tokens often underperform and lead to price crashes. User bases attracted by airdrops are…
Read more
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

CryptoCrypto RegulationsDubai

Head of the Dubai's Crypto Regulator Decided to Depart in a Year

Worth reading...