Cryptocurrency market valuation to hit $1 trillion this year. The market cap of cryptocurrency seems to just increase. Even though some of the individual ones are falling but cumulatively, the market cap seems to increase year-on-year.

According to the CEO of Kraken, Jesse Powell, in the rest of the months of 2018, cryptocurrencies would see accelerated growth. They would be able to pull back from the bottom to new highs.

According to him, there are many businesses revolving around cryptocurrencies now. Also, there are many people in the know-how of cryptocurrency is now. This would propel the entire cryptocurrency market to cross a valuation of $ 1 trillion.
The current cumulative market cap of all the cryptocurrency is currently is around $ 417 billion. Before the recent downturn, it was around $ 800 billion. Thus, even if the cumulative market cap is able to rise just 25% from the peak, it would be able to hit the valuation of $ 1 trillion.