The market capitalization for all cryptocurrency rose above 300 B$ after a long time above this range,Is the momentum going to be sustained
The momentum is going to be sustained and it will rise up more. There is no going back since cryptocurrency market have already bloomed and people are starting to notice and everyday hundreds to thousands of people across the globe are joining in. On the long run the 300 billion $ total market capitalization will be a miniscule to the futures market capitalization.
I believe such market capitalization will be sustained also.
As the usage of cryptocurrencies is becoming popular, more and more industries are adopting the utilization of these cryptos in their financial transactions.
Blockchain projects will just be a regular thing for businesses that wanted to alter the way they handle their business activities.
So such 300B$ market cap today will be easily surpassed, indicated by how things are progressing in the crypto world.
You're asking if momentum would be sustained or not,in a volatile market yet a bearish one? These types of answers are subjective , and are opinions based on "speculation".
You'll go nowhere with these "answers". But I don't think you'd ever even bother to read these replies or understand it.
Yes, answers are just speculations. But, it's good to read the opinion of others on how things will turn out in crypto.
As you said, they are subjective. We have our own minds on what to believe what will happen next.