9 of the 12 best crypto assets are 70% to 90% lower than last year’s all-time highs – markets and prices

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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 of the top digital currencies hit record prices in November 2021, and today a vast majority of the best crypto assets have fallen between 70% and 90% in value against the US dollar.

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

It’s been almost a year since the world’s top crypto assets hit their all-time high in 2021, and a large number of digital currencies have lost significant value. The following is a look at the top crypto assets by market cap, to see how much USD value each coin has lost.

BTC/USD on October 2, 2022.

The leading crypto asset by market valuation bitcoin (BTC) is currently trading for 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 its all-time high ($69,044 per unit) printed on November 10, 2021.

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

ETH/USD on October 2, 2022.

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

Last year, BNB traded hands that day for $686 per unit. The crypto-asset xrp (XRP) failed to reach a lifetime price high in 2021, as XRP’s ATH was registered on January 7, 2018. XRP traded on Sunday for prices between $0.45 and $0.47 per unit, and the price is decreased by 86.4%. lower than the ATH recorded four years ago.

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 hands today for $0.42 to $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) trades at $32.31 to $33 per SOL on October 2, 2022, and since the ATH of $259 per coin on November 6, 2021, 11 months ago, the SOL is down 87.4%. The tenth largest crypto asset is the meme coin dogecoin (DOGE), which has traded for $0.059 to $0.0609 per unit. DOGE has lost 91.8% since the ATH on May 8, 2021, when dogecoin hit $0.731 per DOGE over a year ago.

The 11th largest crypto asset polkadot (DOT) trades at $6.20 to $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 for $0.00001094 to $0.00001122 per unit. SHIB has lost approximately 87.1% in value against the US dollar after it traded at $0.00008616 on October 28, 2021.

Tags in this story

all-time highs, ATH, Bitcoin (BTC), bnb, BUSD, cardano (ADA), crypto assets, Dogecoin (DOGE), Ethereum (ETH), last year, market valuations, markets, November 2021, polkadot (DOT), Price ATHs, Prices, shiba inu (SHIB), Solana (SOL), US dollar prices, USDC, USDT, XRP

What do you think of the top 12 crypto asset market caps and how much they’ve lost since their all-time high? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news leader at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

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