Great 2018 Altcoin Bubble: Which Crypto Tokens Were Least Affected?
Which Altcoins Registered the Least Losses During the Last Bear Market?
We have been in a bear market since the beginning of the year and most of the virtual currencies lost between 65% and 95% of their value. But there are three distinct groups of altcoins that have been made by Onchainfx.com in order to understand which altcoins performed better and worse.
As per this data, there are three groups of altcoins. The first and most dramatic one includes cryptocurrencies that registered bigger losses than 90%. These altcoins lost 80% once, and another 80% again.
If an investor bought during the all time high, then, this could be potentially harmful. Losing more than 90% of an investment is certainly not positive. The phrase ‘never invest more than what you are able to lose’ is more important to remember than never in such situations.
In general, we can think that these situation happened to virtual currencies that are not established or that are not known by most of the investors. But one of these virtual currencies is XRP, that is down 93% from its peak. Cardano (ADA) is included here, registering a 93% decrease and MIOTA 92%.
It is important to mention that when these virtual currencies registered all time highs in January 2018, the market was very bullish and individuals were expecting the price to keep growing even further. Of course, this did not happen, and the losses were massive.
There are other virtual currencies that lost between 80% and 90%. We can mention EOS, that registered 80% losses from its highest mark. Some enthusiasts were expecting EOS to reach $30 or even $50 dollars, something that never happened. Indeed, the highest point was $24 dollars.
There are other assets that have lost between 80% and 90% including Bitcoin Cash (BCH), that registered losses of 88%, and DogeCoin (DOGE) with 87% losses.
We have also another group of coins that lost between 70% and 80% from their peak. We are talking about Stellar Lumens (XLM) that lost 77%, Decred (DCR) 70% down, and Ethereum Classic (ETC) with 75% losses.
Bitcoin is registering losses of 68% since its peak close to $20,000 dollars in December 2017.
However, there are some coins that registered smaller losses such as VeChain (VEN) registering 48% losses, and Binance Coin (BNB) with a drop of 56%.
As there is no buying support for some altcoins, there may be an even bigger sell off, that could end with some smaller coins.
At the moment of writing Bitcoin is still the most important virtual currency in the market with a price of $6,450 dollars, Ethereum $290, XRP $0.33, Bitcoin Cash $548, EOS $5.11, Stellar $0.22, Litecoin (LTC) $56.62, Cardano $0.98 and Monero (XMR) $97.46.