9 of Top 12 Crypto Assets Down 70% to 90% Lower Than All-Time Highs Recorded Last Year – Markets & Prices Bitcoin News

274 days or about nine months ago, the crypto economy was worth $2.34 trillion, and at $967 billion, the combined value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies achieved an all-time high price in November 2021, and today a large majority of the top crypto assets are down between 70% and 90% in value against the US dollar.

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

It’s been nearly a year since the world’s top crypto assets hit all-time highs 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.

The leading crypto asset by market cap bitcoin (BTC) is currently trading for prices between $19,078 to $19,377 per unit in the last 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.

Ethereum (ETH), the second largest cryptocurrency by market capitalization, traded at prices between $1,289 to $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.

The top ten crypto asset positions have two stablecoins in the third and fourth positions in terms of today’s crypto market cap, which includes 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.

At this time last year, BNB was changing hands for $686 per unit that day. Crypto asset xrp (XRP) did not reach a lifetime price high in 2021, when XRP’s ATH was recorded on January 7, 2018. XRP has been trading for prices between $0.45 to $0.47 per unit on Sunday, and the price is down 86.4 % lower than ATH registered four years ago.

The seventh position among the top ten crypto market caps today is occupied by the stablecoin BUSD. The eighth largest crypto asset is cardano (ADA), which is currently exchanging hands 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) is trading at $32.31 to $33 per SOL on October 2, 2022, and since the $259 per coin ATH on November 6, 2021, 11 months ago, SOL is down 87.4%. The tenth largest crypto asset is the meme coin dogecoin (DOGE), which has been trading at $0.059 to $0.0609 per unit. DOGE has lost 91.8% since its ATH recorded on May 8, 2021, when dogecoin reached $0.731 per DOGE over a year ago.

The eleventh largest crypto asset polka dot (DOT) is trading 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 cap, shiba inu (SHIB), is trading at $0.00001094 to $0.00001122 per unit. SHIB has lost about 87.1% against the US dollar since it traded at $0.00008616 on October 28, 2021.

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

Jamie Redman

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