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?
The marketcap in 2017 was rising due the hype of cryptocurrency, thats why it went down in 2018 after the hype.
market capitalization is moving upward in 2019, just not fast like in 2017. Maybe it is because there were many bad projects in 2018.