Cryptocurrency expert predicts 7-fold growth of the cryptocurrency market

Dan Tapiero, co-founder of 10T Holdings and Gold Bullion International, announced the end of the bearish phase of the crypto market and predicted an «explosive rally.» He said this in an interview with Cointelegraph.

«We are likely to see new highs in the second half of 2024 and 2025. And I think that during this bullish phase, the total capitalization of the crypto market will reach $ 6−8 trillion,» the expert said.

Tapiero also shared some market strategies. The businessman believes that the most important thing for cryptocurrency owners is to avoid the influence of investors' feelings and fears. He emphasized that in 2022, stablecoin trading turnover reached $ 8 trillion, more than 1 trillion NFTs were issued, and blockchain games were gaining popularity despite the fact that not so long ago, few people were interested in them at all.

«Five or six years ago, nothing existed. You didn’t even have Ethereum. There was only bitcoin. Thus, as the crypto industry expands, the value of digital assets also increases,» the analyst emphasized.

It should be noted that as of June 2, 2023, the global cryptocurrency market capitalization is $ 1.14 trillion. According to CoinMarketCap, the flagship cryptocurrency is trading at $ 27,169, which is almost 1% higher than yesterday. The market capitalization of the asset is $ 569.6 billion, and daily trading transactions reached $ 14.5 billion. Bitcoin’s BTC $56,459.08 Bitcoin -3.08% Market capitalization $1.11 trillion VOL. 24 hours $4.5 billion market share is 46%.

As for Ethereum, the asset is currently trading at $ 1,893, while the quotes of the leading altcoin ETH $2,968.85 Ethereum -5.34% Market capitalization $356.85 billion VOL. 24 hours $2.65 billion have risen by 1.76%. The market capitalization of ETH is $ 227.6 billion, and traders have made daily trading deals worth $ 5.6 billion.