As of right now the sentiment of crypto is fear. Many have taken losses and realized that crypto was not their game. Other have been in the 'the game' for longer, and have 'just' seen profits gotten smaller, but are still firm believers of the tech.
Anyway, we are experiencing a severe market correction. But where do you think we will be in two months. Jan 7th the market cap was 820bn$. Now we are at 336bn$.
Where do you think we are in 2 months from now?
I think there will be a slow recovery in which we will see the price fluctuation for a few months. My guess is that the market cap will stay around current levels or possibly drop slightly by March.
I do think the cryptocurrency market cap will recover with the top coins eventually reaching new highs. Some of the bad coins will not survive but the really good projects should rise to the top.