Although many assets in the cryptocurrency industry are consolidating their previous gains, and the total crypto market capitalization is doing the same following a deep correction, a popular crypto expert has projected that the total crypto market cap might hit a staggering $15 trillion.
Specifically, professional crypto trader Michaël van de Poppe has recently observed that the total crypto market capitalization was consolidating after a 25% correction and that this included a “50-70% on altcoins,” according to his detailed analysis published in an X post on May 25.
With this in mind, van de Poppe has predicted that the market could expect “some more consolidation before a clean break of the all-time high,” voicing his vision of the “total market cap going to $15T,” which would suggest a rally of 484% from the crypto sector’s current market cap.
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As the analyst observed more recently, the crypto arena is currently waiting for the S-1 documents for the approved spot Ethereum (ETH) exchange-traded funds (ETFs) that would finalize the approvals and possibly precede the “continuation on the markets in a strong manner.”
Crypto market cap analysis
Meanwhile, the total market cap of all digital assets at press time stood at $2.57 trillion, suggesting a 0.07% increase in the last 24 hours, an advance of 5.76% across the previous seven days, and an 11.26% gain on its monthly chart, adding up to the growth of 54.82% since the year’s turn, as per data on May 27.
Among the digital assets that could help the entire crypto arena reach the predicted total market cap might be Aptos (APT), which has recently set a record in daily transactions, and Render (RNDR), feeding off the success of the artificial intelligence (AI) giant Nvidia (NASDAQ: NVDA), as Finbold reported on May 26.
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