Roughly nine months ago, the crypto economy was worth $2.34 trillion. Now, the total value of 13,192 cryptoassets is $1.48 trillion less, at $967 billion. Most of the top cryptocurrencies hit all-time highs (ATH) in November 2021. Today, the vast majority of altcoin projects have lost between 70% and 90%.
Leading crypto and leading altcoin lost more than 70%
It’s been almost a year since the world’s largest crypto assets hit ATH levels in 2021. cryptocoin.comAs you follow, many cryptocurrencies have lost value significantly. We took a look at how much the biggest crypto assets have lost by market cap.
The leading crypto asset Bitcoin (BTC) is currently trading at prices between $19,078 and $19,600 per unit over the past 24 hours. Bitcoin is today 72.1% lower than the ATH level it hit on November 10, 2021, at $69,044.
The leading altcoin Ethereum (ETH) is trading at prices ranging from $1,289 to $1,325. ETH reached ATH of $4,878 per unit on the same day as BTC’s ATH. It has since lost 73.2% of its value.
Drops from ATH in the biggest cryptocurrency league
Among the top ten cryptoassets, there are two stablecoins in third and fourth positions in terms of today’s crypto market boundaries, which include USDT and USDC. BNB is the fifth largest crypto asset. BNB’s today was between $279 and $288 per 24-hour price range. BNB is down 58.3% from its $686 ATH on May 10, 2021.
Ripple (XRP) registered its ATH on January 7, 2018. XRP did not reach a high lifetime price in 2021. XRP is currently trading at prices between $0.45 and $0.47. Its price fell by 86.4% relative to the ATH level.
The seventh place is occupied by the stablecoin BUSD. The eighth largest crypto asset is Cardano (ADA), which today changes hands between $0.42 and $0.43 per unit. ADA hit an ATH of $3.09 on September 2, 2021. It has since lost 86.1%. Solana (SOL) is trading between $32.31 and $33 per SOL on October 2, 2022. SOL is down 87.4% since $259 ATH 11 months ago on Nov 06, 2021.
The tenth largest crypto asset is the meme coin Dogecoin (DOGE), which trades between $0.059 and $0.0609 per unit. DOGE hit $0.731 a year ago on May 8, 2021. It has lost 91.8% since its recorded ATH.
The eleventh largest cryptocurrency is Polkadot (DOT). The DOT is trading between $6.20 and $6.32. About 11 months ago, on November 4, 2021, the DOT hit $54.98. Now it stands 88.5% lower than this value. Finally, there is the Shiba Inu (SHIB), the twelfth largest crypto asset by market valuation. SHIB traded between $0.00001094 and $0.00001122 on the day. The meme coin reached its ATH at $0.00008616 on October 28, 2021. Currently, it is down 87.1% from its ATH.
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