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Digital currencies have had an extraordinary year, with a large number of existing crypto assets reaching all-time high (ATH) prices relative to the world’s fiat currencies. However, the same digital currency that leveraged ATH last year is currently down significantly in value, as many cryptocurrencies have lost 30% or more since their price highs in 2021.
Cryptocurrency value is below last year’s price highs
2021 will be a bumper year for crypto assets as the fiat value of numerous blockchain networks balloons as billions of dollars are added to the alternative digital economy. Bitcoin (BTC) In late 2020 it broke the ATH set in December 2017, when it surpassed $20,000 per unit area.
bitcoinIn 2021, its price continued to rise, eventually reaching a high of $64,000 per unit. Also, on November 10, 2021, the price of Bitcoin jumped to the $69,000 region, but today the price is down 39%.
Countless crypto assets today are related to bitcoin, because they hit ATH sometime last year, but have since fallen at least 30% or more in fiat value. Ethereum (ETH) The value surged to ATH 60 days ago, touching $4,847, but has since fallen 35.46%.
Binance Coin (BNB) The ATH was reached last year, but that was eight months ago, and today, it is down 34% from the $689.92 per coin it once held. two months ago, Nightshade (SOL) Reached a high of $258.93 per coin and today SOL is 47% below that price.
Different percentage losses, time frames and crypto tokens to avoid losses
In terms of market capitalization, most of the leading cryptoassets have lost various percentages since ATH 2021. Cardano (ADA)For example, it has lost 62.78% since hitting $3.10 per coin four months ago.
Other cryptoassets have either shorter or longer time frames since ATH. Ripple (Ripple) For example, he was one of the only top 10 leaders who didn’t reach the ATH last year. The digital currency xrp touched its ATH four years ago when it hit $3.30 per coin.
Polkadot (DOT) Reaching an all-time high of $54.98 per coin two months ago, it is down 55.9% today. at the same time, Earth (Moon) The ATH is closer as LUNA hit an ATH of $102.63 per unit 16 days ago. LUNA is down 29.51% from the crypto asset’s ATH.
A large number of cryptoassets below the top 10 fell sharply, but a few remained high. Near Agreement (NEAR) is only down 6.96% as it hit an ATH of $17.52 per unit 7 days ago. Additionally, Bitfinex-issued crypto asset Unus Sed Leo (LEO) is down just 9.75% from eight months ago.
What do you think of the crypto assets in the top 10 and how far are they from their all-time highs?
Image Source: Shutterstock, Pixabay, Wiki Commons
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