The crypto market looks all ready to be pumped for the bull run season, we have seen some great moves by tokens like OP, RUNE, INJ, ICP, AKT etc. The halving is still four months away form us and even the Bitcoin ETFs have no gauranteed date for their approvals as well. I think most of the people are counting on these two events to decide what they will do further.
Well leaving these things aside let us study a little about the global crypto market cap, I am sharing this to let people understand how has the market grown over the period of last one year and even last three months. I am going to share data for these time frames with everyone and that will make some things clear to you all about how the market is growing up.
Above screenshot is taken from coingecko and that shows us the maximum total market cap reached for crypto market this year. It is recorded at 1.74 trillion dollars and this number is not small, keep in mind that bull run is still far away form us and when it arrives we can see a bump of 3-4 times of where the current market cap is resting at the moment.
Now let us take a look at last 90 days data for the global crypto market cap, You can refer to the screenshot below, you can see that the market has grown rapidly in this time frame but let us dive deep and see the exact number and for that as well I am taking the data of last 90 days.
90 days means we must take the data from 23rd September 2023 and that data can be seen below, again screenshots are taken form coingecko.
Now seeing that data we can say that 600-700 billion dollars has enter the crypto market in last 90 days. This shows how people and big players from all around the world are getting interested into the market. For people who do not know the market has doubled in market cap in last one year.
Before I end this blog there is one thing that we should keep in mind, when 600-700 billion dollars entered crypto market we saw coins going 2X-10X, think about what will happen if another 1-2 trillion dollar enters the market. There are still opportunities left so don't feel sad about losing a opportunity in the past. Focus on what you can grab and take advantage of what is yet to come for all of us.
Thank you