Welcome back to the Tribe! In this post we take a look at the upcoming milestone for the crypto market – 3 trillion in market cap!
Nothing should be considered investment or financial advice. Enjoy the ride!
Crypto Market Cap – 3 Trillion
While most people might follow the traditionally used Coin Market Cap (CMC) site, there are other sites that allow more coins and projects to be listed!
This is simply because CMC has historically delisted or not offered stats on some projects that are either:
- Not as popular
- Can not point to volume on reputable exchanges
- Can not pay listing fees
- Or simply do not reach out to CMC
As you can imagine, there are tens of thousands of digital assets across the market at this point that all contribute to the proposed total market cap for Crypto!
Currently, on Coin Gecko (another site for listing coin prices and their stats), the total crypto market cap eclipsed 2.9 trillion. It is just shy of 2.92 trillion, but could soon see itself pushed over the edge of 3 trillion!
For comparison, the total market cap on CMC is currently sitting around 2.77 trillion at the time of writing November 7th, 2021.
Q4 Bull Market
Although, we all know what has traditionally come in the Q4 for the crypto market.
Historically, we have seen surges show their strongest phases near the end of year. With the exception of only a few years since the birth of Bitcoin, crypto has found favor and little resistance as it pushes to new all time highs during the holidays.
Given that the story is the same, and the crypto market surges once again in Q4, we could be looking at insane new all time highs for multiple assets on the market.
We’re talking 80k to 100k Bitcoin prices.
5k to 6k ethereum prices.
Cardano could easily push over $3 and coins like Binance Coin, Chainlink, Solana, XRP, and Polkadot could all follow suit.
While this is exciting, it really hints to one other thing – market maturity, upcoming ETFs, and more retail investors entering the scene.
If this all becomes reality, we can start to look back on the crypto roadmap to see what to expect next.
Here are a few of the top things to look forward to at the start of 2022, and further into the year:
- Ethereum staking (need 32 Eth to participate as a node or less to join a pool)
- Potential Bitcoin ETF leading to stronger market maturity indicators
- Continued NFT surge for those looking to capitalize on after market sales
- XRP lawsuit conclusion (SEC getting their butt handed to them)
- Interest accounts will surge and offer more and more in payouts for those investing in these periods
- Banks will probably start to hold crypto for reserves and offer crypto safe accounts for retail investors
These are a few of the exciting things to come for crypto.
The next steps for the tech behind blockchain are slightly different then what we have listed above.
The future of crypto is still being built as para-chains are coming online, and afterward smart contracts cross-chain, and cross-chain settlements for exchanges will become possibilities enabling a huge part of the market that is currently unavailable.
Ethereum developers will be able to write smart contracts that can settle in almost any coin, opening up the market up to endless possibilities.
Crypto Market Cap Post
Thanks for reading our short post on the Crypto Market Cap!
We are extremely excited for what’s to come in the market so buckle up! The future is looking quite bright for this industry.