Crypto Head published a report defining which cryptocurrencies (Bitcoin and Ethereum) and industry companies will reach the $1 trillion market cap the quickest.
Cryptocurrencies and companies in the sector that will soon reach the trillion dollar mark.
According to Crypto Head’s analysis, there are two cryptocurrencies that are on track to reach the $1 trillion mark by next year. Not only that, a number of crypto companies are also growing so fast, they are on track to reach the same milestone in terms of market capitalization.
Basically, the Crypto Head team studied the growth rate of cryptocurrencies and companies, calculating the average market rate across all years, so as to predict when each coin and company can reach the $1 trillion target.
The results suggest that Bitcoin and Ethereum are the cryptocurrencies that are candidates to reach the target first, and will do so within the next year.
Among others, Dogecoin and Decentraland, along with Tether and Binance Coin, could reach this capitalization by 2024.
Synthetix, Chainlink and Theta Network, meanwhile, will see a trillion dollar market cap by 2025. The forecast for Cardano is 2026.
Ranking of the fastest growing crypto companies
As far as crypto companies are concerned, Crypto Head puts Galaxy Digital Holdings at the top of the list, with $1 billion current market cap, which will see the trillion dollar mark in 2026.
Next up is Block Inc. which although currently has $51 billion in market capitalization, with its average annual growth rate of 69%, will only see the $1 trillion target in 2029.
Bronze goes to Michael Saylor’s MicroStrategy with a forecast of 2034, followed by Riot Blockchain in 2051.
Crypto Head specified that it used information taken from Coin Market Cap and Companies Market Cap, for the market capitalization of companies involved in cryptocurrencies, including coins, in the periods of 01/01/2019, 01/01/2020, 01/01/2021 and 01/01/2022. Top cryptocurrency companies without market capitalization information as early as 01/01/2019 have been removed from the list.
Fantom is the crypto with the highest average annual growth rate
The significant figure of 5044% corresponds to the average annual growth rate of Fantom (FTM), whose forecast will see it reach a trillion dollar market cap.
FTM is currently among the top 50 cryptocurrencies, ranking exactly 42nd, at a price of $1.14 at the time of writing.
Fantom is a decentralized, permissionless, open source, high-performance, scalable, customizable and secure smart contract platform designed to overcome the limitations of previous generation blockchains.
Its dominance of the total crypto market is 0.15%, compared to Bitcoin’s 40.99% and Ethereum’s 19.41%.