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?
As my personal interpretation CoinmarketCap is just base on the current trading price on a particular coin/token in the circulation and not reflect the platforms true worth and value as a company thats why its not the basis of the platforms worth! The most important is the fuction/services or the product that the company has given to us, But for those people who after with pure profits coin/token price has meant a lot. Like me i used to participate in some ICO's my sole purpose is just the profits thats why its mean lot for me too .