TOTAL ( Total Cryptocurrencies Market Capitalization) Analysis
Fundamental Analysis:
As we know recently India has issued a Ban on the All Private Crypto currencies, mean while few other related nations such as Nepal and Bangladesh are also working on some Ban Draft and that seems could show some Negative impact on the Total Market cap,
but these Bans are very Ordinary and Insignificant since system has tried its best to Ban and Restrict the use of cryptocurrencies on Blockchain for Monitory systems and uses of its byproduct such as BTC or Alts,
we shall see some well Projects to pop up on DEFI which will bring huge Capital to the Crypto ecosystems and Pomp the Total Market Cap in coming years.
there are many inefficiencies on the centralized markets and distrust among the Hedge Funds and Institutional Investors over the current economics' situation, specially post Covid-19 Pandemic where many retail investors are considering the dementalized open market as a well venue to invest and get some Inflation free interests, that can be one of the best reasons to get good attention to the crypto world and again the pomp in the market cap eventually...
Technical Analysis:
We can see the Price is rallying in a Ascending parallels Chanel to which it had already shown some Respects,
There are Total of 4 Targets we have defined with Fibonacci projection of the last bullish cycles i.e. waves.
all targets are achievable eventually by passing the time but we can expect some Correction after each ACHIEVEMENT.
There exist a Support area which has the confluences with Fibonacci Retracement level of 61.8 of the current ATH,
As we know recently India has issued a Ban on the All Private Crypto currencies, mean while few other related nations such as Nepal and Bangladesh are also working on some Ban Draft and that seems could show some Negative impact on the Total Market cap,
but these Bans are very Ordinary and Insignificant since system has tried its best to Ban and Restrict the use of cryptocurrencies on Blockchain for Monitory systems and uses of its byproduct such as BTC or Alts,
we shall see some well Projects to pop up on DEFI which will bring huge Capital to the Crypto ecosystems and Pomp the Total Market Cap in coming years.
there are many inefficiencies on the centralized markets and distrust among the Hedge Funds and Institutional Investors over the current economics' situation, specially post Covid-19 Pandemic where many retail investors are considering the dementalized open market as a well venue to invest and get some Inflation free interests, that can be one of the best reasons to get good attention to the crypto world and again the pomp in the market cap eventually...
Technical Analysis:
We can see the Price is rallying in a Ascending parallels Chanel to which it had already shown some Respects,
There are Total of 4 Targets we have defined with Fibonacci projection of the last bullish cycles i.e. waves.
all targets are achievable eventually by passing the time but we can expect some Correction after each ACHIEVEMENT.
There exist a Support area which has the confluences with Fibonacci Retracement level of 61.8 of the current ATH,
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