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.

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