as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
The answer is no. Almost of them was cut loss and leave this market, and only a few "oldbie" remain in this market with an emty bag, that's why you can see the market cap can not grow up. As I see in my country, almost people are invested in real estate and USD, and we need a hype like 2017 to attract their money again.