Bitcoin, ethereum and other cryptocurrencies have fallen sharply since hitting all-time highs late last year.
The bitcoin price twice surged to over $60,000 per bitcoin last year giving the bitcoin network a market capitalization of over $1 trillion. The current bitcoin price of just over $40,000 gives it a market cap of almost $800 billion. Ethereum, the second-largest cryptocurrency after bitcoin reached a peak market cap of just over $500 billion in November last year.
Now, crypto market price research has revealed when bitcoin, ethereum, BNB, XRP, cardano and other major cryptocurrencies could hit the $1 trillion mark if they continue to grow at their average annual growth rate.
Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex—A daily newsletter for crypto investors and the crypto-curious
Bitcoin, ethereum and other cryptocurrencies have fallen back from their all-time highs after the … [+]
SOPA Images/LightRocket via Getty Images
Bitcoin, with an average annual growth rate of 159%, could return to the trillion-dollar mark as soon as early 2023, according to research from digital asset industry review and analysis website Crypto Head—which excluded any coin created after January 1 2019, including the fast-growing, top ten coin solana. Ethereum, with with an average annual growth rate of 308%, is also projected to become a trillion-dollar asset around the same time.
Ethereum rivals BNB and cardano, with average annual growth rates of 615% and 423% respectively, are forecast to hit a…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
