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Nine of the Top 12 Cryptocurrencies Are 70% to 90% Lower Than All-Time Highs Set Last Year Markets & Prices Bitcoin News

274 days or about 9 months ago, the crypto economy was worth $2.34 trillion and all 13,192 crypto assets totaled $967 billion, $1.48 trillion less. While most of the top digital currencies hit all-time highs in November 2021, most of the top crypto assets are currently declining between 70% and 90% against the US dollar. increase.

9 out of 12 crypto assets have lost significant value since last year’s high

Nearly a year after the world’s top cryptocurrency hit an all-time high in 2021, numerous digital currencies have lost significant value. Below is how much USD value each coin has lost. To confirm, we show the top crypto assets by market capitalization.

Nine of the top 12 crypto assets are down 70% to 90% from their all-time highs set last year.
BTC/USD on October 2, 2022.

Bitcoin (BTC), the leading crypto asset by market valuation, is currently trading between $19,078 and $19,377 per unit over the past 24 hours. Bitcoin is down today, worth 72.1% USD below its all-time high ($69,044 per unit) printed on November 10, 2021.

Ethereum (ETH), the second-largest crypto coin by market capitalization, traded between $1,289 and $1,317 per unit on Sunday. ETH has lost 73.2% in US dollar value since reaching a high of $4,878 per unit (ATH) on the same day as BTC’s ATH.

Nine of the top 12 crypto assets are down 70% to 90% from their all-time highs set last year.
ETH/USD on October 2, 2022.

There are two stablecoins in the 3rd and 4th positions in the top 10 crypto positions by today’s crypto market capitalization including USDT and USDC. BNB is the fifth largest crypto asset, with today’s 24-hour price range of $279-286 per BNB. Cryptocurrency BNB lost 58.3% from crypto ATH posted May 10, 2021.

As of last year, BNB was trading at $686 per unit that day. The cryptocurrency xrp (XRP) did not reach his 2021 high as he recorded ATH for XRP on January 7, 2018. Lower than the ATH recorded four years ago.

Nine of the top 12 crypto assets are down 70% to 90% from their all-time highs set last year.
SOL/USD on October 2, 2022.

The 7th place in the top 10 cryptocurrencies by market capitalization today is occupied by the stablecoin BUSD. The eighth largest crypto asset is Cardano (ADA), currently trading between $0.42 and $0.43 per unit. ADA is down 86.1% against the US dollar since September 2, 2021 when ATH per unit hits $3.09.

Solana (SOL) is trading at $32.31 to $33 per SOL on Oct 2, 2022, down 87.4% since 11 months ago at $259 per coin ATH on Nov 6, 2021. doing. The 10th largest crypto asset is the meme coin Dogecoin (DOGE), which trades between $0.059 and $0.0609 per unit. DOGE has lost 91.8% since ATH was recorded on May 8, 2021. At this time, dogecoin reached $0.731 per DOGE over a year ago.

The 11th largest cryptocurrency Polkadot (DOT) trades at $6.20 to $6.32 per DOT. About 11 months ago, on November 4, 2021, the DOT was 88.5% higher in USD value, at $54.98 per DOT. Finally, Shiba Inu (SHIB), the 12th largest crypto asset by market valuation, has been swapped at $0.00001094 to $0.00001122 per unit. After trading at $0.00008616 on October 28, 2021, SHIB has lost about 87.1% of its value against the US dollar.

Tags for this story

all-time high, ATH, Bitcoin (BTC), bnb, BUSD, Cardano (ADA), crypto assets, Dogecoin (DOGE), Ethereum (ETH), last year, market valuation, market, November 2021, Polkadot ( DOT), Price ATH, Price, Shiba Inu (SHIB), Solana (SOL), USD Price, USDC, USDT, XRP

What do you think about the market capitalization of the top 12 crypto assets and how much have they lost from all-time highs? Let us know what you think about this in the comments section below.

Jamie Redman

Jamie Redman is a news lead for Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols currently emerging.




image credit: Shutterstock, Pixabay, Wiki Commons



Nine of the Top 12 Cryptocurrencies Are 70% to 90% Lower Than All-Time Highs Set Last Year Markets & Prices Bitcoin News

Source link Nine of the Top 12 Cryptocurrencies Are 70% to 90% Lower Than All-Time Highs Set Last Year Markets & Prices Bitcoin News

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