Cryptocurrency Market Cap May Surge 37%. But There's One 'If'

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Fri, 01/10/2020 - 14:32
Vladislav Sopov
With the WWIII cancelled (or delayed?) holders are left guessing whether Bitcoin (BTC) price will continue to fall. But one more interesting indicator is on the horizon
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Dutch crypto trader and analyst Michael van de Poppe supposes that the crypto market capitalization indicator is at a crossroads now.

Crucial Point

Mr. van de Poppe predicts that crypto market capitalization may skyrocket soon. He foresees the pattern which will allow it to surge 37%.

By the way, this rally may be possible only if total market cap avoids falling below $196 billion. It should be noted that the crypto market capitalization has stayed above this point for the last 7 days. At printing time, this indicator is above $208 billion.

Crypto Spring or Crypto Winter?

The high scenario projects 37% percent growth of the crypto market capitalization. For Mr. van de Poppe it recalls the situation of February, 2019. It was this month that opened the road to Bitcoin (BTC) and Ethereum (ETH) all-year-highs in June, 2019.

But if market cap fails to support this level, it will soon dip below $176 billion. Last time the market demonstrated such indicators during the early days of May, 2019.

What should we get ready for? Tell us your predictions in Comments!

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)


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