Hmm.. Interesting. What are the fundamentals reason crypto market is in such despair..
I would say they are not in despair at the moment. We are still in the VERY early phases of mass adoption of Crypto, while their are more use cases each day, we still dont have that "Killer App" like instagram for Crypto... I think despair means their is no hope, the future is grim, but I see the future bright. So many use cases are growing each day, and more people and gateways open up. I feel we will see a big surge towards the end of this year in the Crypto ecosystem.

So perhaps a better question, what are the fundamental reasons crypto is in such holding patter before launching. :D

Thank you for the post!