Bitcoin News and Finance
Down From the Peaks: A Look at How Far Crypto Assets Have Slid From Their All-Time Highs Skip to main content

Down From the Peaks: A Look at How Far Crypto Assets Have Slid From Their All-Time Highs

Digital currencies had a phenomenal year, and a great deal of the crypto assets in existence reached all-time high (ATH) prices against the world’s fiat currencies. However, the same digital currencies that tapped ATHs last year are currently down a great deal in value, as numerous cryptocurrencies have lost 30% or more since 2021’s price highs.

Crypto Values Are Lower Than Last Year’s Price Highs

2021 was a good year for crypto assets as numerous blockchain networks swelled in fiat value as billions upon billions were added to the alternative digital economy. Bitcoin (BTC) broke its previous ATH recorded in December 2017 at the end of 2020, when it surpassed the $20K per unit zone.

BTC’s price continued to rise higher into 2021 and eventually, it tapped a high of $64K per unit. Furthermore, on November 10, 2021, the price of bitcoin jumped to the $69K zone but today the price is 39% lower.

A myriad of crypto assets today are in the same boat as BTC, as they reached ATHs at some point last year, but have since shed at least 30% or more in fiat value. Ethereum’s (ETH) value skyrocketed to an ATH sixty days ago touching $4,847 but has since lost 35.46%.

Binance coin (BNB) hit an ATH last year but it was eight months ago and today, it’s 34% down from the $689.92 per coin price it once held. Two months ago, solana (SOL) reached a high of $258.93 per coin, and today SOL is lower than that price by 47%.

Different Percentage Losses, Time Frames, and Crypto Tokens That Staved Off the Losses

Most of the leading crypto assets, in terms of market capitalization, have a wide array of differing percentage losses since their 2021 ATHs. Cardano (ADA), for instance, is down 62.78% since touching $3.10 per coin four months ago.

Other crypto assets have either shorter time frames or much longer time frames since their ATHs. Xrp (XRP) for example, is one of the only top ten leaders that did not hit an ATH last year. The digital currency xrp touched its ATH four years ago when it reached $3.30 per coin.

Polkadot (DOT) touched its all-time high two months ago when it reached $54.98 per coin and today, it is down 55.9%. Meanwhile, Terra’s (LUNA) ATH is much closer as LUNA tapped its ATH 16 days ago when it hit $102.63 per unit. LUNA is down 29.51% from the crypto asset’s ATH.

Plenty of crypto assets below the top ten are down significantly, but a few have managed to remain high. Near protocol (NEAR) is only down 6.96% as it reached an ATH of $17.52 per unit seven days ago. Furthermore, the crypto asset issued by Bitfinex, Unus Sed Leo (LEO) is only down 9.75% from eight months ago.

What do you think about the crypto assets in the top ten and how far down they are from their all-time price highs?

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory