It is estimated that that the Cryptocurrency market capitalization went down to $200 billion from $800 billion that it was as at January 2018.
I believed it was due to the bearish market .
What I do not understand is while there is continuous growth of Cryptocurrency, people are picking interest and coming into the cryptosphere and yet the market capitalization is still not moving upwards.
What could be the challenge here?
I think the main "challenge" is market cycles not less not more. We all know that after a great growth always comes significant drop as a correction. And vice versa. So now after a long decrease of bearish market it is ready for the pump again. And we can see this by the increased volume of trade. It indicates that the start of growth is so close that we should be ready for it each and every moment. I think that this year we will witness some great pumps following by the strong bull run in 2020.