In the last two years, or nine months ago the cryptocurrency economy had a value of $2.34 trillion. At $967 billion, that sum represents the total crypto asset portfolio worth $1.48 trillion. The top-ranked digital currencies reached an all time high price in November 2021. Today, the vast majority of top crypto assets have lost between 70% and 90% 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. Below is a list of the most valuable crypto assets by market cap, to show how much each coin has lost in USD.
In the 24 hour period ending today, bitcoin (BTC), which is valued at $19,078 to $9,377 per unit, has been trading. Bitcoin today is trading 72.1% lower than its all-time high ($69,044/unit) on November 10, 2021.
Ethereum (ETH), second largest crypto currency by market capital, trades at prices of $1,289 to 1,317 for each unit. 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.
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.
BNB exchanged hands at $686 per unit last year. 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 trades at prices between $0.45 and $0.47 per unit, which is 86.4% below the ATH of four years back.
BUSD, a stablecoin, occupies the seventh spot in today’s top ten crypto market cap lists. The cardano, which trades today for $0.42-$0.33, is eighth in the list of largest crypto assets. Since September 2, 2021 when ADA was at $3.09/unit, ADA’s USD value has fallen by 86.1%.
Solana is currently trading at $32.31-$33 per SOL as of October 2, 2022. SOL’s value has dropped 87.4% from the $259 coin ATH 11 months ago to $259 on October 6, 2021. Meme coin dogecoin is (DOGE) the 10th biggest crypto asset. It has been trading for $0.059 to $0.0609 each unit. DOGE’s loss of 91.8% has been recorded since May 8, 2021. DOGE was $0.731 per DOGE a year earlier.
The 11th most valuable crypto asset, polkadots (DOT), is currently trading at $6.20- $6.32 per unit. On November 4, 2021 (roughly 11 months), DOT had a USD value of $54.98, which was an 88.5% increase. Shiba inu (SHIB), the 12th-largest crypto asset according to market value, can now be traded for 0.00001094 up to $0.00001122 per unit. SHIB lost approximately 87.1% against the U.S. Dollar after trading at $0.00008616 October 28, 2021.
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