Analysts Mitch Steves and Amit Daryanani of the Royal Bank of Canada's Capital Markets unit estimated that the total value of the cryptocurrencies market could reach $10 trillion.

Steves and Daryanani's enthusiastic appreciation comes to light right in the midst of the recent upturn in cryptocurrencies over the past few days. The total capitalization value of the cryptomarket has exceeded 760 billion dollars. But a year ago, it was barely over $17 billion.

RBC analysts considered that there is enormous potential for cryptocurrencies in the long term, but did not give a range of dates for fulfilling its appreciation. They indicated that it is difficult to make some kind of prediction regarding the short-term price, but added: "We think that the cryptocurrencies arrived to stay and most likely become a wider market (our long-term estimate for the cryptocurrencies space is in the range of 10 billion dollars compared to the current 500 billion)", they said in the report.

In favour of the estimation of Steves and Daryananai, it can be cited that cryptocurrencies still has a negligible weight in the context of the global economy. In the following graph, which was published on December 8,2017 to support a negative opinion on bitcoin, the market capitalization of this at that time was $0.24 trillion dollars and today it would be $0.26 trillion dollars.

If the total value of the crypto coins were included in that graph, we would still be below the trillion dollars (0.76 trillion dollars). So there is a huge space to grow when you see that the U. S. stock market is close to $27 trillion and that a company like Apple is close to $1 trillion.

When analysing the cryptoactivity market, one of the trends that became more pronounced in 2017 was the decline in bitcoin dominance with respect to the total capitalization value and a more vigorous growth of the other currencies, known as altcoins. While the bitcoin cryptocurrency grew by 1.300% in 2017, the total market value rose by 3.200%, according to CoinMarketCap figures.

It should be noted that at the beginning of 2018 the cryptomarket was marked by an upward trend on the part of the altcoins, where six cryptoactives of the top 20 of capitalization surpassed historical values, namely: XRP, ETH, ADA, XLM, XEM and NEO; giving continuity to the loss of bitcoin dominance in the market.

Currently, according to CoinMarketCap, the top three positions in the market are occupied by Bitcoin, which is quoted at about $17,550, followed by Ripple (which reached that position at the end of 2017) with a value of just over $3 and third place, Ethereum, which exceeded $1,000 after the launch of Casper's testing network.