Most of you were probably not happy at coinmarketcap in the last couple weeks.
As of today, we see a marketcap of 308 Billion USD
And the BTC price is at $7.900 right now
So many people are talking about a bursting bubble once again because prices have dropped like crazy over the last week.
But do we have a bubble? or was this the burst of the bubble?
To look at this I was comparing the market cap with the market caps of big cooperations.
Looking a the most valuable companies, we can see market caps that are about the same.
right now the entire cryptocurrency market has a market cap similar to Walmart.
And even though Walmart is a huge corporation, I think this shows how low the market cap is right now.
We are talking about 1564 different coins right here, an entire market and a new technology.
And all of this has as much money invested in it, like a big wholesaler from the United States.
I know this is not any kind of proof, that the market will go back up.
However, i think its a good indicator and I'm sure we will see prices go back up again.
Followed and Upvoted, Keep up the good work and looking forward to more from you.
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Fantastic article. I believe it too.
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