9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a great majority of the top crypto assets are down between 70% to 90% in value against the U.S. dollar.
9 Out of 12 Crypto Assets Have Lost Significant Value Since Last Year’s Price Highs
It’s almost a year later since the world’s top crypto assets tapped all-time highs in 2021, and a great number of digital currencies have lost considerable value. The following is a look at the top crypto assets by market capitalization, in order to see how much USD value each coin has lost.
BTC/USD on October 2, 2022.
The leading crypto asset by market valuation bitcoin (BTC) is currently trading for prices between $19,078 to $19,377 per unit during the last 24 hours. Bitcoin is down today, 72.1% lower in USD value than the all-time high ($69,044 per unit) printed on November 10, 2021.
Ethereum (ETH), the second-largest crypto coin by market cap, is trading at prices between $1,289 to $1,317 per unit on Sunday. ETH has lost 73.2% in USD value since reaching an all-time high (ATH) of $4,878 per unit on the same day as BTC’s ATH.
ETH/USD on October 2, 2022.
The top ten crypto asset positions have two stablecoins in the third and fourth positions in terms of today’s crypto market caps, which include USDT and USDC. BNB is the fifth largest crypto asset and today’s 24-hour price range has been between $279 to $286 per BNB. The crypto asset BNB has lost 58.3% from the crypto’s ATH posted on May 10, 2021.
At the time last year, BNB was exchanging hands for $686 per unit that day. The crypto asset xrp (XRP) did not reach a lifetime price high in 2021, as XRP’s ATH was recorded on January 7, 2018. XRP has been trading for prices between $0.45 to $0.47 per unit on Sunday, and the price is down 86.4% lower than the ATH recorded four years ago.
SOL/USD on October 2, 2022.
The seventh position in the top ten crypto market caps today is occupied by the stablecoin BUSD. The eighth largest crypto asset is cardano (ADA), which is exchanging hands today for $0.42 to $0.43 per unit. ADA has lost 86.1% in USD value since September 2, 2021, back when ADA reached an ATH of $3.09 per unit.
Solana (SOL) is trading for $32.31 to $33 per SOL on October 2, 2022, and since the $259 per coin ATH on November 06, 2021, 11 months ago, SOL is down 87.4%. The tenth largest crypto asset is the meme coin dogecoin (DOGE), which has traded for $0.059 to $0.0609 per unit. DOGE has lost 91.8% since the ATH recorded on May 8, 2021, when dogecoin reached $0.731 per DOGE over a year ago.
The eleventh largest crypto asset polkadot (DOT) is trading for $6.20 to $6.32 per DOT. Roughly 11 months ago on November 4, 2021, DOT was 88.5% higher in USD value at $54.98 per DOT. Lastly, the twelfth largest crypto asset by market valuation, shiba inu (SHIB) is swapping for $0.00001094 to $0.00001122 per unit. SHIB has lost around 87.1% in value against the U.S. dollar after it was trading for $0.00008616 on October 28, 2021.
What do you think about the top 12 crypto asset market caps and how much they have lost since their all-time price highs? Let us know what you think about this subject in the comments section below.
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