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 you need to check the market capitalization again and actually see that the it has been increasing lately unlike the massive decrease we saw last years. The truth is that a lot of persons made a lot of profit due to the 2017 growth we experienced and they where all taking out profit in 2018 that's why the market capitalization fell drastically.
Though, market capitalization don't really determine the price of the coins on exchange because it is gotten based on the law of demand and supply according to economists.