Crypto Analyst Predicts Record-Breaking Market Growth

Well-known crypto analyst and trader predicts significant growth in the cryptocurrency market, adding that the total market capitalization of cryptocurrencies may be about to break its last resistance level at $2.66 trillion.

Michael van de Poppe’s chart analysis shows that the market cap of the crypto sector (TOTAL) is in a steady uptrend at $2.48 trillion, marked by bullish “higher-lower” sentiment.

The total market capitalization of #Crypto is showing a massive, bullish chart.

Within 2-3 months from now we’re going to break through the all-time high and never come back again.

It’s going to be fun. pic.twitter.com/mJtE5eJi0x

— Michaël van de Poppe (@CryptoMichNL) July 27, 2024

He suggests that within two to three months, the market cap will surpass its all-time high, leading to unprecedented growth:

Within two to three months from now, we will break the all-time high and never go back. It will be fun.

The expert also analyzed the market capitalization of altcoins (TOTAL3), which excludes Bitcoin (BTC), Etherium (ETH) and stablecoins.

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Crypto Analyst Predicts Record-Breaking Market Growth

Van de Poppe pointed out that despite the recent 4% correction in the market capitalization of altcoins, the correction phase is coming to an end. He predicts a significant upside breakout once the $800 billion resistance zone is breached.

It was a harsh week for several #Altcoins, however, the #Altcoin market capitalization has seen a 4% correction.

The entire correction is over and this is just a build-up before the next big upward breakout above $800 billion takes place. pic.twitter.com/1ihutYDNoI

— Michaël van de Poppe (@CryptoMichNL) July 27, 2024

Alexander Stefanov