It is not a bubble !!

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.