Analysis of the entire Bitcoin and crypto-market, based on data of the last decade, indicates the potential that the sum of all the digital Assets could be in 2023, a valuation of $ 11 trillion.
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Logarithmic analysis predicts new Altcoin-bull run
Benjamin Cowen has dedicated his previous analysis of Bitcoins potential future prize, and he is now considered to be the broader market, the upper limits of all digital Assets.
Cowen created a Trend and a number of correlations based on the previous movements of the crypto-market. Altcoins have shown some amazing top prizes, and it is difficult, the nearest peak to estimate. Altcoins could recover based on the previous Performance, up to 39 Times – although this is an extremely optimistic scenario.
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In this scenario, the entire value of the crypto could reach market by 2023 32 trillion – but Cowen warns that this is a far-fetched Overestimation.
Speculation about the next crypto all-time high
The next rally of the crypto market could reach according to the analysis, the 313-fold the gains. This guarantees, however, no All-Asset growth, and the individual markets can develop very differently.
Even in the last bull run, some of the crypto-Token by a factor of 100, some of the outliers, even by a factor of 10,000 have.
The time periods from the top to the top to be longer, as the market for digital asset Matures. On the basis of the more conservative analysis, the next peak could be at $ 11 trillion, although it is uncertain whether actually to 2023 is the year in which this peak developed.
Currently, the market is always more, and up to the next rally, it could take a while. Also, the ROI from bottom to top, each Time lower.
BTC-dominance could reach new lows
Based on the overall market forecast Bitcoin could have a Market cap of 2.7 trillion. This however based on an analysis of the BTC prices at $141.000, and allows a very low prevalence of 23%.
The Altcoin-dominance is also cyclical and can develop in different time periods. The possible scenario also contains a bubble in the Altcoin market the Bitcoin dominance falls to new lows.
However, the Altcoin could reverse market, where BTC is likely to return to his Position, to control the crypto market.