9 Of The Top 12 Crypto Assets Are Down 70%-90% From All-Time Highs Recorded Last Year

274 days or about nine months ago the crypto economy was worth $2.34 trillion and at $967 billion the total value of all 13,192 crypto assets is $1.48 trillion less . Most major digital currencies hit an all-time high in November 2021 and today a vast majority of major crypto assets have lost between 70% and 90% of their value against the US dollar.

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

It’s been almost a year later since the world’s top crypto assets reached all-time highs in 2021, and a large number of digital currencies have lost considerable value. The following is an overview of the top crypto assets by market capitalization, to see how much USD value each coin has lost.

9 of the Top 12 Crypto Assets Are Down 70%-90% From All-Time Highs Recorded Last Year
BTC/USD on October 2, 2022.

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

– Advertising –

Ethereum (ETH), the second-largest crypto coin by market capitalization, is trading at prices between $1,289 and $1,317 per unit on Sunday. ETH has lost 73.2% in USD value since hitting an all-time high (ATH) of $4,878 per unit on the same day as BTC’s ATH.

9 of the Top 12 Crypto Assets Are Down 70%-90% From All-Time Highs Recorded Last Year
ETH/USD on October 2, 2022.

The top ten crypto asset positions have two stablecoins at the third and fourth positions in terms of current crypto market caps, which include USDT and USDC. BNB is the fifth largest crypto asset and the current 24-hour price range is between $279 and $286 per BNB. The crypto asset BNB lost 58.3% against the crypto’s ATH published on May 10, 2021.

This time last year, BNB was trading hands for $686 per unit that day. The crypto asset xrp (XRP) did not reach a lifetime high price in 2021, as the ATH of XRP was recorded on January 7, 2018. XRP traded at prices between $0.45 and 0 $.47 per unit on Sunday, and the price is down 86.4% lower than the ATH recorded four years ago.

9 of the Top 12 Crypto Assets Are Down 70%-90% From All-Time Highs Recorded Last Year
SOL/USD on October 2, 2022.

The seventh position in the top ten crypto market caps today is occupied by the stablecoin BUSD. The eighth largest crypto asset is cardano (ADA), which is trading today between $0.42 and $0.43 per unit. ADA has lost 86.1% in USD value since September 2, 2021, when ADA reached an ATH of $3.09 per unit.

Solana (SOL) is trading between $32.31 and $33 per SOL on Oct 2, 2022, and since $259 per ATH coin on Nov 06, 2021, 11 months ago, SOL is down 87.4%. The tenth largest crypto asset is dogecoin (DOGE), which traded between $0.059 and $0.0609 per unit. DOGE has lost 91.8% since the ATH recorded on May 8, 2021, when dogecoin hit $0.731 by DOGE over a year ago.

The eleventh largest crypto asset (DOT) polkadot is trading between $6.20 and $6.32 per DOT. About 11 months ago, on November 4, 2021, DOT was 88.5% higher in USD value at $54.98 per DOT. Finally, the twelfth largest crypto asset by market valuation, shiba inu (SHIB) trades from $0.00001094 to $0.00001122 per unit. The SHIB lost around 87.1% in value against the US dollar after trading at $0.00008616 on October 28, 2021.

Keywords in this story

All-Time Highs, ATH, Bitcoin (BTC), bnb, BUSD, cardano (ADA), Crypto Assets, Dogecoin (DOGE), Ethereum (ETH), Latest Year, Market Valuations, Markets, Nov 2021, Polkadot (DOT), Price ATH, price, shiba inu (SHIB), Solana (SOL), price in US dollars, USDC, USDT, XRP

What do you think of the top 12 crypto asset market caps and how much have they lost since their highest prices? Let us know what you think about this topic in the comments section below.

2Khomers

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech 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 emerging today.




Image credits: Shutterstock, Pixabay, Wiki Commons



We want to thank the writer of this short article for this remarkable content

9 Of The Top 12 Crypto Assets Are Down 70%-90% From All-Time Highs Recorded Last Year


Our social media pages here and other related pages herehttps://metfabtech.com/related-pages/