I predict and can easily see the crypto market cap dropping to around 100-150 billion. No proof, just some genie plus a magic 8 ball is telling me this. Everybody is saying 2018 will be like 2017 soon, with some huge gains. Everybody and I mean everybody is predicting a 1-2 trillion market cap, so the ONLY possible way for people to get 10-20x gains like last year, is for the crypto market cap to drop down to around 100 billion. Haters prove me wrong.
Who is predicting 1-2 trillion market cap? Please point out their names... I'm certainly not a part of that "everyone" group, it seems.
$200 billion market cap seems very likely. It's not a bold prediction but quite a logical one to make at this stage.
It is clear that we are in a bearish market with mostly downward and sideways movement with no upwards outbreaks. With BTC probably going down further at this point, a 60 billion market cap reduction seems completely within reason.
$100 billion isn't gonna happen, though. That would require a much bigger dump that I don't think will happen. And dumps won't necessarily lead to a pump to take market cap to $1 trillion all of a sudden.
The present downfall has definitely changed the overall market cap of digital market greatly. If it continues this way, it is possible to drop few more billion dollars. But this is also true about the digital market that it a-is a very small one and has a lot of room to grow plus some potential too. You are absolutely right that it wont catch to 1 trillion dollars in an eye blink but it would achieve this quicker than anyone can predict for sure.