Recent logarithmic analysis by analyst Benjamin Cowen suggests that, by 2023, the capitalization of the cryptocurrency market could exceed $11 trillion.
This is "medium case" scenario, while "extreme case" scenario offers the total capitalization of $32 trillion, with prices boost up to 150 times. While Bitcoin exchange rate at this scenario is at ~ $141K for 1 BTC, its total market share will drop to 23%, leaving space for "altcoin bubble" (which is plausible in both scenarios).
The analysis is performed based on weekly data on the price movements of Bitcoin and altcoins.
Source:
https://icolink.com/ico-news/benjamin-cowen-predicts-a-cryptocurrency-bubble.htmlWhat do you think? Will altcoins be the future of the cryptocurrency market, or is it too distant and insignificant future to consider? Is the market too volatile for any sort of longterm predictions, or does it sound plausible to take into account such researches while investing?
That's pretty conservative, i am expecting 500x or more total altcoin bubble next from current numbers. Imho people will fomo in on last stages and there will be a lot of those who don't understand the market cap valuation, they just see "cheap coins" like last time and they will probably buy the top.