Analysts: the next peak of the total market value of cryptocurrencies may reach $ 11 trillion

Cryptocurrency analyst Benjamin Cowen conducted a log-scale analysis of the entire Bitcoin and crypto market based on data from the past 10 years. The results show that as the digital asset market matures, the time from peak to peak is getting longer and longer. The next peak is likely to be $ 11 trillion, although it is unclear whether 2023 will be a year for that peak. According to the analysis, the market is currently lower and the next rebound may take some time. Each time the bottom-up return on investment will become lower and lower. In addition, he said that Bitcoin's dominance could fall to a low point and recover after the altcoin bubble.