Considering the market surge of 2017 and the bearish market of 2018.
What is the implications of the 2018 bearish market on the Cryptocurrency market ?
Did the situation increased or decreased adoption rate of Cryptocurrency?
There is no doubts about the fact that the market experienced a decreased level of adoption which was evidenced through the reduction in market price to about $120B during the 2018 bear market. Many investors were in distressed and most of them lost patience especially with the novice investors.
However, the current market condition has revived the spirit of enthusiasm in everyone especially those who lost faith in crypto. Now, the market cap is gradually increasing as the market prices grow bigger and bigger, yielding more profits for its investors.