Institutional flows are increasing, but retail interest and App Store rankings are low. A weaker US dollar or major ETF adoption could boost the crypto market cap beyond previous highs. Analysts suggest a potential 400% surge in the market, but current total capitalization is just 29% above the previous peak.

Key catalysts for a potential super cycle include the US Dollar Index dropping below 95 and continued weakness against major fiat currencies. Another driver could be the growth of the crypto ETF industry, currently at $190 billion in assets. The US government’s strategic Bitcoin reserve plan and corporate treasury allocations could also impact market sentiment.

Retail investor participation is crucial for a supercycle, with search volumes and app rankings showing flat or declining interest. While institutional capital leads this cycle, retail-driven FOMO fuels parabolic growth. Altcoin sector narratives and meme coin market capitalization also play a role in market dynamics.

Speculative scenarios for a super cycle depend on macroeconomic and geopolitical developments. As the market approaches key conditions, a surge past $13.2 trillion in market capitalization becomes more likely, representing a 400% increase over the November 2021 peak.

Read more at Cointelegraph: Did A Crypto Market Super Cycle Start? Here’s How To Know