#Cryptocurrency market capitalization hasn't even seen a parabolic surge yet.
Currently, the total market capitalization chart appears to be in a vertical accumulation phase, slowly and steadily climbing upwards, without the explosive upward momentum or weeks-long rallies seen in past cycles.
Two scenarios are possible:
Either the current bottoming pattern is a springboard for the next significant upward move;
or the current trend has ended, and the market may need to go through another cycle before a true parabolic surge can occur.