Hello crypto community:
I know there is one question that everyone keep asking, when will the crypto break the 1trilion market cap? 2018? Or we have to wait longer?
My believe is that it will happen sooner than June. At its pick, the market cap toward end of 2017 and start of went as high over 800billion cap before falling to less than 400billion. It look it has now held for several weeks between 450 billion and slightly over 500 billions.
At the current status, the market need to increase by about 530-550billions to close the much anticipated milestone.
So what most promising to help fill this gap?
- Ethereum:
Most of the new coins and tokens are being built on ether ecosystem. Though it has its own challenges ethereum ecosystem holds the biggest promise for crypto short-term and medium term price increase. At current price of ether around 850usd, and with increase euthesiusm in ICOs, it not surprising to see the price at 2000usd before June. This mean a market cap of over 200billion.
2.Ripple-The most interesting thing about ripple is in the big money interest to ease in international transfer and clearance. The price of ripple may just hit high of 4.5usd before June. That also mean market cap of about 200billion. - Bitcoin-There is a kind of status quo in holding bitcoin at its current status. Recently, an anonymous investor just purchased bitcoin worth around 100million usd! People with this kind of money will always make a sure bet. With increased confidence in bitcoin its value might hit a high of 22k usd before June. This mean a maeket cap of about 320-350 billions.
So far we have a market cap of slightly over 700 billions.
My guess is that projects like Nano, Zilliqa, Stella Lumens and a few others on the top 100 top coins and tokens will double in value beforeJune. They will be responsible for over 200billion increase in market cap.
However, the biggest hope lies in the top 100-200coins, we may see a number of them, i estimate 10, which i will analyse in my next article to reach market cap of over 1billion each. In total over 70 of top 100 should have a market cap of over 1billion.
NB: cryptocurrencies are highly volatile, just invest as much as you can afford to lose!