Analysts of the investment bank RBC Capital Markets Mitch Steves and Amit Darianani are convinced that the current boom in the market is only gaining momentum, and the total capitalization of cryptocurrencies will eventually grow about 20 times. This is reported by Yahoo Finance.
On a near-term basis we think it is quite difficult to make price statements which is why we are flagging the move now in the case that it sustains. Longer term, we think crypto currencies are here to stay and will likely become a large market (our long-term estimate for the Crypto Currency space is in the $10 Trillion dollar range versus ~ $500B today).
Mitch Steves and Amit Daryanani
Analysts, RBC Capital Markets
Also representatives of the Royal Bank of Canada investment department are convinced that the rapid growth of the crypto currency market is "excellent news for Nvidia", whose video cards are in demand among the miners.
Total Market Capitalization
As you can see on the chart above, rapid rise of cryptocurrency market started at summer 2017. At the beginning of the year, cryptocurrency marketcap was around 14$B. At the moment of press, it is $511B.