The upward trend of the end of July 2020, has significantly increased the total capitalization of the cryptocurrency market, even if it is not new to these positive scenarios, already in 2017-2018 it had already approached very close to 1 trillion dollars, and then settled around $ 270 billion.

According to CoinGecko's Annual Report which examined the events of 2019, the entire capitalization of the cryptocurrency market increased by 44.1%.

Of course, when comparing the crypto sector with traditional stock markets, the figures no longer seem so staggering, just look at tech giants such as Apple, whose shares have a market capitalization of $ 2 trillion.

But will the crypto currency market reach such an impressive capitalization in the coming years?

It is the answer that cryptocurrency analyst Benjamin Cowen tries to find, through his forecasting study based on the so-called logarithmic regression band which is nothing more than the range of values to which the crypto market tends to fall back when it is not within a speculative bubble.
This is just one of many prediction models, but for Cowen the crypto market capitalization could hit $ 10 trillion with the next market peak.

It must always be taken into account that the market capitalization is a purely theoretical data, it is the product of the price of the individual units - the tokens - for the total number of units in circulation and is used as a comparison system, between different cryptocurrencies, but also between a cryptocurrency and for example a stock.
However, through the capitalization values, investors can determine the value of a company based on how it is perceived on the market and therefore its future prospects.
At the beginning of February 2020, the crypto market capitalization was around $ 300 billion and then collapsed to 140 in mid-March, painstakingly rising to around $ 279 billion today.

Image from Coinmarketcap

Bitcoin's performance from its inception to the present day has also been fluctuating and today it dominates the market with its 160 billion dollars of capitalization, remaining the most popular cryptocurrency in the world.

Another important fact to take into consideration is the increase in the volume of trading of the market based on blockchain technology which in 2019 reached 600%.
Considering that the majority of cryptocurrencies are based on blockchain technology and that more and more projects and start-ups are structured on it, it remains to think the growth of this sector will not stop in the coming years.
Some research from the World Economic Forum, Deloitte and McKinsey also agree in predicting that up to 10% of global GDP will be stored and managed with the help of blockchain technology by 2027 and we are talking about enormous figures: 10 trillion dollars out of a total of 100 trillion dollars of GDP.

The data is really encouraging and for this reason there are more and more supporters of optimistic theories that make 6-digit growth forecasts for bitcoin.
The latest is Jordan Lyanchev's bullish theory, on cryptopotato.com, in early August 2020, that the next bull market could hit $ 430,000 by 2021.

Visionary theory or not, let's not forget that bitcoin is capable of amazing performances and has shown it in these 11 years, so let's keep our fingers crossed and never stop dreaming.