The post Crypto Market Cap Hints at Major Rally: Is Another Surge Coming? appeared on BitcoinEthereumNews.com.

The Total Crypto Market Cap shows potential for a significant rally, similar to a previous 174% surge. Institutional interest and stablecoin inflows are key factors driving potential growth in the crypto market cap. The Total Crypto Market Cap appears to be following a pattern similar to a previous scenario in which the market increased nearly threefold, soaring by more than 174%. This historic move was characterized by huge recoveries in a variety of cryptocurrencies, which saw massive price movements. As the current market cap begins to shape up similarly, it appears that another major move may be right in front of us, potentially leading to even more amazing gains in the crypto market. The $Total Crypto Market Cap looks to be setting up similarly to a pattern that resulted in a near 3X in an over 174% move and another monumental move can be right in front of us. During that move we saw many Alts make key recoveries and massive price movements and with the… pic.twitter.com/xxYanIwo1A — JAVON⚡️MARKS (@JavonTM1) August 14, 2024 Historical Trends Suggest Another Major Crypto Market Rally Could Be on the Horizon During the most recent major spike, numerous cryptocurrencies not only rebounded but also increased significantly, setting new milestones for their individual prices. With the market cap already showing signs of a similar trend, there is a good chance that we will see another wave of considerable activity in the cryptocurrency market. This setup is not purely speculative; it is based on historical trends that frequently replay in markets, particularly in the volatile and sentiment-driven crypto space. On the other hand, as reported by CNF, a well-known trader saw the possibility of a surge, fueled by an infusion of $2.5 billion in USDT and USDC. The influx of stablecoins temporarily increased the prices of major…

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Filed under: News - @ August 16, 2024 3:22 pm