MarketCap is returning to $300+ Billion Territory Again Can it be Sustain?

[cryptonewbie]

Market cap has gone a bit lower since the time that this thread was created. However, with the current news of Bakkt coming up by September, I think the market cap will surpass $300 billion mark by then. Let us hope for the best.

[Kemarit]

Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?

Bitcoin is in the territory of having a good recovery for this year so I'm not surprised by the dominance it had as far as market capitalization. Altcoin is a different discussions though, it is still in crypto winter, maybe some investors are really questioning if altcoin is really a good investments and can deliver what they had promise, and so far I don't see any project past or present really doing that good, except for a few occasional pump and dump arrangements.

[Mianae]

Yes I think it can be sustained provided there's no sudden news to crash the price of bitcoin. Everyone believes Bitcoin is bullish at this time and there's a significant increase in its trade volume daily new money and investment funds keep being pumped into the market. If we can keep up like this the marketcap can be sustained.

[pixie85]

It can be sustained with ease. Years ago bitcoin and cryptocurrencies were called ponzi schemes but they are surviving and growing. If they were schemes the collapse would've happened years ago and people are starting to notice it. With trust come money and crypto will keep growing. 300 million is just the beginning.

[Mata Kripto]

this is because investors are focusing on bitcoin because altcoin is still red but when bitcoin stops rising then at that time investors will definitely switch to altcoin
everyone wants to profit from this trend, therefore everyone is trying to have as much bitcoin as possible especially since there are still many people who believe that bitcoin still has a chance to return to high prices and maybe this is the beginning so they don't want to waste waste this moment

[ishirut009]

Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?

for me its just the foundation of the upcoming mega uptrend that we never see before. I believe speculation and manipulation really is also driving any market in any of the sector of financial markets.

[Lexurdania]

Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?

This happens because investors prefer to sell altcoin and switch to bitcoin. This makes bitcoin dominance in the market skyrocket to 68% of the total market cap value in the market. Altcoin prices will be able to grow again if the dominance of bitcoin decreases or investors increase capital to buy altcoin

[Msworld83]

Btc control the market large volume with most highest cap in the market and if it pump or dump the cap increase or decrease , so with the current situation in the market it has a very huge chance to make the market robust in other to let more investors come in with huge sum.

[jostorres]

Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?

If the current market has been as a result of artificially pumped market, fomo would have accompanied it and make us see the new ATH which my even not be much higher than the last ATH, but we can see the way that bitcoin has been slowly growing in value, it means we are getting organic pump through genuine investors and not pumped by whales, so I believe that the market cap will be sustained and even grown more than it this in future even before the major bull run happen, I believe that we will once again return back to $800 billion dollars and then grown to trillions and hopefully continue to grow till we beat the market cap of Forex and gold market.

Next year would be an easy year for the market to grow to that $300 billion dollars.

[silverleafy]

Look at fear and greed index. It is on the lowest numbers since end 2017. People are afraid of buying and they are waiting for the better opportunity on the lowest levels.
https://alternative.me/crypto/fear-and-greed-index/