• The cryptocurrency market capitalization hit an all-time excessive of $3.009 trillion in November 2021.
• Analysts anticipate the cryptocurrency market capitalization to succeed in $12 trillion.
• Analysts primarily based their forecasts on historic tendencies in market capitalization.

Crypto analyst Dan Gambardello predicts that the crypto market capitalization will attain $12 trillion by 2026, a daring prediction contemplating the all-time excessive of $3.009 trillion reached in November 2021.

Gambardello's prediction relies on an evaluation of historic market cap tendencies, which he believes present a sample of inventory value declines being adopted by large positive aspects. He factors to the 2016 bull market as a very good instance, as market cap soared from $10 billion to greater than $760 billion in simply two years.

The 2021 bull market and subsequent pullback

Importantly, the 2021 bull run has seen the cryptocurrency market cap rise to its highest in Bitcoin and cryptocurrency historical past. After dropping to round $105 billion within the first quarter of 2020, the cryptocurrency market cap has risen by over 2,700% within the bull run by way of November 2021, and is presently at an all-time excessive of $3,009 billion.

Though the crypto market cap has fallen with the 2022 crypto winter, TradingView knowledge exhibits that the index has rebounded consistent with the pattern sample. This rebound coincided with the expansion of the crypto market, with Bitcoin reaching an all-time excessive of $73,794. Nonetheless, the general pattern of crypto market cap exhibits a pullback from the native excessive of $2.721 trillion in March, with the index standing at $2.032 trillion on the time of writing.

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Gambardello's evaluation means that the current rally will proceed, adopted by the following bull market. The analyst shared his prediction for the following part of cryptocurrency value motion, predicting that the cryptocurrency market capitalization will attain $12 trillion by 2026.

In the meantime, the analyst backed up his evaluation with macroeconomic elements, highlighting the historic affect of rate of interest cycles on asset costs. In mild of the consistency of the pattern sample, Gambardello believes that the upcoming rate of interest determination by the Federal Reserve may stimulate the following stage of the cryptocurrency market's growth.