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

[masterrex]

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?

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[MATHReX]

I'm guessing, the majority are exchanging alts for BTC and thus we are seeing this kind of trend. It has mainly to do with BTC halving the next year which will surely boost the price of BTC more. I hope with that, the alts move up at price too.

[beerlover]

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?

It will take a bit of time to settle but if it stays above 300 long enough it will definitely stay there. In crypto world things are
sustainable as long as they stay there. For example, staying above 300 billion for the first month is always the hardest, but if you manage to stay above it for a whole year then it becomes a second nature and nobody really tries to sustain it since the sellers are gone and that is the market cap we are used to which makes it a lot easier.

So, lets wait and see first, the next 30 days will tell us how sustainable it is, after that 3 months and 6 months are crucial places because usually that is where it becomes unsustainable with all sellers trying to get rid of their coins, then at the end of the day if we surpass 1 year like that then we will be definitely staying above for far longer after that.

[acoco]

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?

the entire cryptocurrency market is one manipulation, when in 5 minutes the ena can fly 5-10 percent in any direction, except for manipulations this is not called

[Red-Apple]

whenever bitcoin price is rising the result of the multiplication of supply and price is also growing. and since coinmarketcap.com reports altcoin prices in USD even though they are not traded with USD, their result of multiplication of supply and price also increases with bitcoin price rise!!!
that is why the total market cap grew. and yes it is sustainable because it is only bitcoin price rise and bitcoin is not going to fall below $10k anymore.

[asriloni]

This can be considered as a normal growth consider altcoin gets lose caused by majority of its demands are moving to the bitcoin. There was no manipulation and people more prefer to keep majority of their funds in the bitcoin form rather than altcoin.
Some people are only following the market and when the majority of people in the markets are holding bitcoin and they will try to do that.

[terrific]

Its just the dominance of bitcoin is still high so don't be surprised if the altcoins are still in red territory.
The market cap today just go under $300B, $296B to be nearly exact.

[pishite]

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 is definitely due to a reduction in bitcoin mining that will happen in 2020. Halving a coin is done as a necessary measure that leads to: reducing inflation and so that the last coin was obtained only in 2140, as Satoshi bequeathed to us.

I myself do not buy yet alternative cryptocurrencies, but I follow them as they only fall and fall. Season of altcoins everyone promises and promises, but unfortunately there is no information on the dates. If you bought alternative cryptocurrencies, then do not sell, but do not buy new coins yet, as the rate still cannot find a bottom.

[CryptopreneurBrainboss]

Replying to your thread's title, I would say yes (on a short term scale). With the hype surrounding bitcoin the marketcap could be sustain for a short while although the cryptocurrency industry needs altcoins as much as it needs bitcoin. Therefore bitcoin alone, can't carry the market to it's last all time high market capitalization.

Sooner or later the altcoins movement will kick in to complement bitcoin volume theb we can be debating on whether we'll be able to reach out previous ATH market capitalization but until then Bitcoin and the selective few altcoins it's carrying along via price increase can sustain the $30+ billions marketcap.

[dungp3132]

In fact, Bitcoin dominated market that can be easily seen through Bitcoin dominance rate.
In contrast, altcoin dominance rate falls. However, Bitcoin and altcoin total market cap and volume increased compared to their starts early this year. I saw crypto market on the way to explode. Volume is the most important signal of long term growths.

[accounting 181293]

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?

I think because many people prefer to exchange their Altcoin for bitcoin. instead of buying bitcoin with fiat. this might be one reason why only bitcoin is rising at the moment. after all, there are currently too many altcoin shit on the market, so many people don't trust altcoin.

[Nivia1st]

can but with the reason the price of bitcoin does not fall like the beginning of last month. so sooner or later altcoin will start rising. but if bitcoin falls below 11K maybe marketcap will drop again below $300B.

[arpon11]

I'm guessing, the majority are exchanging alts for BTC and thus we are seeing this kind of trend. It has mainly to do with BTC halving the next year which will surely boost the price of BTC more. I hope with that, the alts move up at price too.

The halving has contributed to the reasons why bitcoin keep going up in 2019 and I think you are right by thinking along this way. We are having a very strong increase in bitcoin dominant and some altcoin are also recovery and that is the sign that people are prefering bitcoin to other coins and fiat. I am predicting that before the end of this month bitcoin should be above $13,880 this year high and volumes should get back above $370,000,000,000.

[Rahib khan]

Yes I think it can sustain but I think it will sky rocket in October because there will be investors this time not like in 2018 October there was hype but no money

[bittraffic]

It moves up too fast its almost not real so maybe this isn't going to really go up that quick. It must be a bull trap. But now and you'll regret when you get burned after it dip again. It will not rocket this fast, you have to wait til you see it actually happen.

[nxnqauff]

This is million dollar question. Sustainability and crypto market are not friends. Market swings in either direction in a huge manner. Regulations would help in getting to some stable mode.

[rdluffy]

It has been hard to keep more than 10.5k USD for BTC and market around 300billions
I'm optmistic and I think we should be happy if the market grow in a slow way, because it's more solid than a pump

Soon we'll be more than 300billions marketcap in a organic way

[Mahanton]

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?

On this very unpredictable market we cant really make any conclusions if we are seeing organic growth or manipulation.You have said on this time that entire cap reaches 300+ B level but now on my current writing we did drop to 270B which means theres no significant thing for us to make conclusions if the price is slowly rising up or would consolidate once again.

[charlop24]

Few years ago, the coin market cap was far lesser than 300 billion dollars, it simply shows that the market is fast evolving and there's a huge possibility of the market increasing. I have always heard that the value of Bitcoin as at 2009 was less than a dollar, but we all know what the value says today. This market would grow and surpass every dead lock.

[[btc]YSG]

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?

Yes, $300+ Billion Market Cap can easily be sustained because more people and enthusiast are embracing the cryptocurrency evolution every day, gradually the "Bubble" title that all cryptocurrencies have been tagged with is no longer at play.