Total Cryptocurrency Market Cap Hits a Staggering $300 Billion: What’s Next?

The cryptocurrency market cap managed to reach $300 billion today, a level not seen since August 2019. Although a slight dip below this level has since occurred, it still represents a remarkable 61% gain in the six weeks since the start of the year.

Cryptocurrency market cap since Jun 2017. (Source: tradingview.com)

Interest In Cryptocurrency Is Returning

As two years of bearishness took its toll, many in the space where questioning if cryptocurrencies were dead.

Back then, a prolonged sense of dread had engulfed sentiment, and the weariness of it all began to show. During that time, prices crashed hard, with 90% losses seen as “about right” for the alts.

With that, many hit and run investors took their losses and chalked it off as a lesson learned. Consequently, interest in cryptocurrency faded.

However, 2020 has seen enough broken trendlines for analysts to flip bullish. Standout projects include Tezos, which is up 120% since January 1st. As well as Icon, which is currently 255% up…