there were some good news around, it seems market cap is not really driven by this. Take ETH fpr example, there are pretty nice projects being ongoing and about to start, driven by smart contracts and ERC-20 based token, but price follows the buy-sell trend, mostly or entirely driven by speculations
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Social media sentiment seems to drive the crypto prices more than anything else:
https://www.newsbtc.com/2018/06/27/hold-back-on-spreading-fud-research-shows-bitcoins-value-directly-linked-to-public-sentiment-on-social-media/