# Dark Defender Sets $23.26 Trillion Target for Total Crypto Market Cap By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/42319 Published: 2026-10-28T04:00:03.000Z Updated: 2026-10-28T04:00:03.000Z Section: Investing > His Elliott Wave chart marks the level as a Wave 3 target and shows a Wave 4 pullback followed by Wave 5. Its projections extend through 2031. Crypto analyst Dark Defender’s Elliott Wave chart places a $23.26 trillion target on the total crypto market cap during an unfinished Wave 3, outlining a long-range scenario for the broader market. “Crypto Total Market Cap is still targeting $23 trillion. Lives are about to change,” Dark Defender (@DefendDark) wrote in an X post Monday, Oct. 26. The chart marks $23.26 trillion at a 161.8% Fibonacci extension. It shows a pullback labeled Wave 4 after Wave 3 completes, followed by a final Wave 5. Another chart level, $82.67 trillion, is marked at a 200% extension. The graphic begins with market-cap history from 2014 and carries its projections through 2031. TokenPost previously covered Dark Defender’s [conditional double-digit XRP call tied to a break above $1.56](). ## Links in this article - [conditional double-digit XRP call tied to a break above $1.56](https://www.tokenpost.com/news/investing/37542)