This is question that is circulating for years, could these public blockchains survive out in the cold on their own without support from the legacy system. However, as these blockchains have grown in value from $1 billion to north of $120 billion, that question has been definitively answered. Whit this comes the main question. When will they finally accept it?
It is still highly debatable
I don't think that the market cap growth of blockchains shows us or proves to us anything in this regard. Basically, it just reveals that speculation has increased a few orders and basically nothing beyond that. Even if the market cap grows a few times (orders) higher, it would still tell us nothing whether the cryptocurrencies would survive "in the wild", so to speak, i.e. without fiat sticking around (personally, I think that they will but this is just my opinion). Nevertheless, while the market cap has nothing to do with these questions, real adoption by the population of a specific country certainly has, and in Venezuela we are well on the way there. As to me, such real world test would tell a lot more than any figure like market cap might ever tell whatever it could be
