The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024.
What's your take on this?
I think you meant $1.4 Trillion, because Bitcoin alone sis more than $100 Billion marketcap now. For me I believe before or around 2022 the who market cap would reached $1 Trillion which I think is doable, if the recession that are being project are true then people would see for better Asset to invest into coming out of recession and drive new users and money to the space
yes, the OP should change from $1,4 Trillion not $1,4 billion
but, in my analysis not in 2024 but before the end of 2020 marketcap of cryptocurrency will touch that level
2020 is still too fast guys. although next year there are many things that can make a big pump, but I think it's still very difficult.
bitcoin domination currently reaches 68%, and if you want the crypto marketcap to be at $1.4T. then the bitcoin marketcap must be above $960B. meaning that the price of bicoin rises to $45K in 2020.
then the question is are you sure bitcoin can go up to $45K next year? although there will be halving, but I'm pessimistic that BTC will be pumped up to that price.