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?
Hey. The fact is that people who enter the market for the first time (beginners) go for small amounts, while large players sell much more crypto currency. I see this answer to your question. in order for the high capitalization to return, the market needs an inflow of funds from constitutional investors and large offline and online companies.