Dark Defender predicts $23 trillion crypto market cap with XRP breakout potential

Dark Defender, widely recognized for his analysis of XRP, has now issued a bold projection covering the entire cryptocurrency sector. In a recent social media post, he shared a three-month chart of the total crypto market capitalization and set a target of $23 trillion. With the overall market currently valued at $2.67 trillion, reaching this goal would require an increase of more than eightfold. The all-time high for the total crypto market cap stands at $4.27 trillion, recorded in July 2025, making this forecast notably ambitious. Dark Defender based his analysis on a chart spanning from 2014 to an estimated 2031, applying Elliott Wave theory to map market trends. He identified a large ABC corrective wave pattern that took place between 2018 and 2019.

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