Analyst, Michael van de Poppe recently predicted a crypto market cap rally between now and 2025, from $2.7 trillion to a staggering $15 trillion.
This would represent a roughly 500% increase from the current market cap.
Assuming Bitcoin maintains a 50% market dominance at least, we might be seeing Bitcoin price at $355,000
Ethereum could reach $22,500, BNB $3,500, and Solana $1,000 based on these dominance and supply assumptions.
The crypto market is currently in a medium-term consolidation, showing uncertainty as to whether to go up or down as the bull cycle peak approaches.
Amid this uncertainty and the small flashes of volatility, renowned analyst, Michael van de Poppe has made a very interesting prediction as to whether the crypto market might be headed in this cycle.
The analyst expects the total crypto market cap to hit a high of $15 trillion between now and 2025.
Here’s where this leaves cryptocurrencies like Bitcoin, Ethereum and Solana.
At the time of writing, several cryptocurrencies are consolidating, with most of them still miles under their all-time highs.
According to van de Poppe's outlook, the total crypto market cap (comprising the market cap of all cryptocurrencies) is set to change the way we view market dynamics completely.
Crypto
The analyst started by pointing out that the total market cap of crypto is consolidating after a 25% correction from Bitcoin's previous all-time high.
In sum, this means that the altcoins are generally down by around 50% to 70% since.
However, the analyst also believes that the current consolidation phase is a necessary evil towards a possible breakout.
Van de Poppe also suggests that the crypto market will start to rally at some point, and eventually hit a market cap of around $15 trillion.
To put a bit of context on this, the snapshot above is from CoinMarketCap and shows that the current market cap sits at $2.57 trillion, after having declined from nearly $3 trillion in 2021.
The general crypto market cap
In essence, this means that van de Poppe expects the general crypto market to rally by a staggering 500% from where it currently sits.
Van de Poppe in an earlier tweet, predicted that the final S-1 approvals for the Ethereum ETFs might be the catalyst for this growth “in a strong manner”
To understand where this leaves the crypto market in general, we first need to understand what a $15 trillion market cap means for Bitcoin and the others.
To begin with, assuming Bitcoin has a 50% dominance on average and a somewhat constant circulating supply of $19.7 million tokens, we might have the flagship cryptocurrency for $355,000 on average, at the end of the cycle.
Assuming an 18% dominance for Ethereum and a circulating supply of 120 million ETH, we might be seeing a price of $22,500.
As with BNB and Solana with 3.45% and 3% dominance scores, we might be seeing $3,500 and $1,000 prices per token respectively.
All assuming constant supplies, of course.
In all, while the direction is extremely hard to predict, the future remains bright regardless.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.