Logarithmic scale analysis of the entire bitcoin and crypto market, based on data from the past decade, point to the potential for the sum of all digital assets to reach a valuation of $11 trillion by 2023.


Logarithmic Analysis Predicts New Altcoin Bull Run, Bubble in Coming Years

Benjamin Cowen, who has dedicated previous analysis to the Bitcoin (BTC) potential future price, now looks at the wider market caps of all digital assets. This time, the data for all altcoins and tokens, including BTC, is based on weekly data and is less complete.

Cowen has tried to build a trend and a set of correlations based on the movement of the crypto market so far. The altcoin lot has shown some stunning ratios of peak prices, and it is difficult to estimate the next peak. Potentially extending previous crypto peaks, altcoins may rally as much as 39 times, based on past performance, though this is the most extremely optimistic scenario.

In that scenario, the entire value of the crypto market may reach 32 trillion by 2023 – with Cowen warning…

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Source: https://thebitcoinnews.com/total-crypto-market-cap-to-grow-to-11-trillion-in-2023/