Crypto Market Set for Frenzy as TOTAL3 Approaches Historic High

Cryptocurrency Market on the Verge of 'Excitement' Phase

According to a recent post by anonymous cryptocurrency trader Daan Crypto Trades, the cryptocurrency market is poised to enter an 'excitement' or 'frenzy' phase as it approaches a crucial milestone. This phase is set to commence once the total market capitalization of all cryptocurrencies, excluding Bitcoin and Ethereum, known as TOTAL3, surpasses its historical peak of $1.13 trillion, which was recorded in 2021.

The Current State of the Market

As of December 28, TOTAL3 is valued at approximately $962.78 billion. This marks a significant growth of 91.45% since the beginning of the year, highlighting a robust recovery and increasing interest in altcoins.

Market Volatility Ahead

Daan Crypto Trades emphasized that as long as TOTAL3's trading price remains within the range of approximately $840 billion to $1.1 trillion, we can expect continued market volatility. This fluctuation is common in the cryptocurrency space, especially as traders react to price movements and market sentiment.

What to Expect in the Future

If TOTAL3 successfully breaks through the $1.13 trillion threshold, it may trigger a price discovery phase, which is often characterized by rapid price movements and heightened trading activity. This could lead to a surge in investments from both retail and institutional traders, further propelling the market upwards.

Conclusion

The cryptocurrency market is closely watching TOTAL3 as it aims to recover its previous highs. With a substantial growth rate in 2023 and the looming prospect of entering a new phase, traders and investors remain cautiously optimistic about the market’s future.

Stay Informed

For more insights into the cryptocurrency market trends, stay tuned to reputable cryptocurrency news outlets like Odaily and utilize platforms such as TradingView for real-time data analysis.