- The total crypto market cap reached a $3.009 trillion all-time high in November 2021.
- Analyst believes the total crypto market cap is heading to $12 trillion.
- The analyst based his prediction on the market cap’s historical trend
Crypto analyst Dan Gambardello predicts the total crypto market cap to $12 trillion by 2026, a bold prediction considering the current all-time high of $3.009 trillion reached in November 2021.
Gambardello’s forecast is rooted in his analysis of historical market cap trends, which he believes show a pattern of significant rallies following pullbacks. He points to the 2016 bull run as a prime example, where the market cap surged from $10 billion to over $760 billion in just two years.
The 2021 Bull Run and Subsequent Pullback
Importantly, the 2021 bull run saw the crypto market cap rally the most in the history of Bitcoin and cryptocurrencies. After dropping to about $105 billion in Q1 2020, the total crypto market cap rallied over 2,700% in a bull run until November 2021, reaching the current $3.009 trillion all-time high.
Although the crypto market cap retraced with the 2022 crypto winter, TradingView’s data shows the metric rebounded, in line with its trend pattern. The rebound coincided with the crypto market growth, resulting in Bitcoin’s $73,794 all-time high. However, the total crypto market cap trend shows a pullback from a $2.721 trillion local high in March, with the metric at $2.032 trillion at the time of writing.
Read also: Crypto Market Shows Signs of Strength, Analyst Predicts Q4 Rally and 2025 Peak
Gambardello’s analysis suggests a continuation of the latest rally in a move that would keep the next bull run going. The analyst shared his projection for the next phase of crypto price development, predicting the total crypto market cap would target $12 trillion by 2026.
Meanwhile, the analyst backed up his analysis with macroeconomic factors, highlighting the historical effects of rate cycles on asset prices. Matching the consistency in trend patterns, Gambardello believes the upcoming interest rate decision by the Federal Reserve could spark the next phase of crypto market development.
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Source: https://coinedition.com/crypto-market-cap-bullish-prediction-sees-12-trillion-by-2026/