Crypto Market Cap Might Hit a bottom at $500 billion mark
Popular Analyst Benjamin Cowen Compares the current crypto market sentiment with the dot-com bubble’s infamous burst.
Looking at the total market cap of all crypto assets, the analyst says the current pullback could continue to drop to about the $760 billion mark.
As per Benjamin, if the crypto market plays out the same way as the dot-com bubble then that next low you would still see another 27% drop from the $760 billion level to the actual bottom.
If this market structure plays out, the total market cap of all cryptocurrencies would finally reach a bottom at around the $500 billion mark.
Read More Stories