83% of cryptocurrencies that peaked in 2018 are still down by 90%

83% of cryptocurrencies that peaked in 2018 are still down by 90%

Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%. The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by the year in […] Providing in-depth analysis and scoring of the top 100 cryptocurrencies in the world, coinpaper.io is a unique website offering crucial crypto knowledge to Former Ripple advisor set to become Comptroller of the Currency: WSJ Ripple price could move to greener pastures as Pornhub adds XRP as a payment option XRP has lost over 60% of its value since November 24, 2020, after

Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%.

The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by the year in which they posted record price highs.

Holding assets that hit high marks +3 years ago is proving to be a massive lost opportunity cost for deploying capital.

There’s a reason 83% of assets that hit a high price in January 2018 are trading +90% below their ATHs.

ATH/Cycle Low data is from @MessariCrypto API pic.twitter.com/Kfzfq69ZMp

— Matt Casto (@mcasto_) January 21, 2021

The data set included 410 assets that posted record prices during 2017 or later, with 2018’s 157 star coins performing the worst with an average of -90.71% since the previous ATH. 

2017’s top crypto’s have since crashed by 82% on average, while 2019’s crop is down 72%, and 2020’s standouts have shed 53%.

The data may help support the ‘great repricing’ concept, that the capital that once flowed into the “ghost-chain” layer-one blockchains that dominated the sector in 2017 and 2018 is now being redirected towards the nascent DeFi sector.

The concept is even a trading strategy for some, with dHedge pool manager Wangarian describing his strategy as longing “tokens that obtain direct value accrual (DeFi)” while shorting “dogs**t L1s that have no value accrual whatsoever.”

However, despite the poor performances of many altcoins from yesteryear when compared to their record highs, many older altcoins have still produced enormous percentage gains since bottoming out.

Since finding local lows during the “Black Thursday” crash of March 2020, Cardano (ADA) has increased nearly 1,700%, Zilliqa (ZIL) is up 2,670%, and Decred (DCR) has gained 14,130% from their respective price floors.

Source: crytonow.com

Author: adminhttps://crytonow.com


Coinpaperio Leverages Unique Framework to Rate and Score Cryptocurrencies | YorkPedia

Coinpaperio Leverages Unique Framework to Rate and Score Cryptocurrencies | YorkPedia

Providing in-depth analysis and scoring of the top 100 cryptocurrencies in the world, coinpaper.io is a unique website offering crucial crypto knowledge to thousands of people across the globe.

More on YorkPedia:

(YorkPedia Editorial):- Zurich, Switzerland Jan 20, 2021 (Issuewire.com) – With the world of cryptocurrency evolving and fluctuating every day, coinpaper.io has created a unique and highly comprehensive platform that has been previously unprecedented in the cryptocurrency realm. The website is the very first one to create a streamlined platform where users can easily access and browse through highly detailed and comprehensive data, analytics, and expert opinions on the top 100 cryptocurrencies in the world. What sets coinpaper.io apart from others is its bespoke multi-faceted scoring system that analyzes each cryptocurrency from multiple aspects in order to provide a fully rounded conclusion.

A spokesperson for the company made an official press statement regarding their online platform “For what has taken multiple years to develop, coinpaper.io is the ultimate cryptocurrency guide and knowledge platform on the internet. It is the first website ever to efficiently and systematically rank, analyze and compare the top 100 cryptocurrencies in the world at any given time. We have a very strategic approach to what we do, which is why we have created multiple highly comprehensive scoring mechanisms that leave no stone unturned in the quest to analyze the cryptocurrency in question.”

The website homepage features a chart of the top 100 currencies, ranked from the most powerful to the least powerful. The chart is updated in real-time with any new developments being updated on the homepage instantly. This helps users assess not only the profit potential of each currency but also the potential dangers and loopholes associated with each currency. The coinpaper.io team also works diligently to compile the latest happenings and statistics from the most reliable sources within cryptocurrency media. The website’s scoring system includes two categories: The Auto Score and The Coinpaper Score.

The Auto Score is created by an automated framework the compiles categorized data around a specific cryptocurrency and provides valuable conclusions. Values derived from the Auto Score rely solely on quantifiable, empirical data. With the Auto Score categories including basic information, products, community, development, price, and team, there are many subcategories as well. This makes for in-depth statistical analysis of the cryptocurrency at hand and provides a factual and non-biased score.

The Coinpaper Score utilizes the findings from the Auto Score but makes it even more valuable and crucial by adding in expert opinion, the latest news regarding projects, scandals and much more. The Coinpaper Score is much more cutthroat as compared to the Auto Score and explores all facets of the business of cryptocurrency, including partnerships and market projects. This gives readers and potential investors not only statistical info but free expert opinion, giving them a highly transparent look at which cryptocurrency offers the most profit with the least drawbacks and potential loopholes.

The company spokesperson further added “Coinpaper doesn’t just end at scoring. We are a full spectrum crypto guide, which means we dig deep into every subject and every question that our users might have. In addition to our state-of-the-art scoring system and our analytics, our website is full of guide articles and topic-based write-ups from bona fide professionals. A seamless design, highly integrated statistics, an immersive user experience, and simply the best crypto data available anywhere on the internet; these are the factors that truly define coinpaper.io and everything that it stands for.”

More details about coinpaper.io, along with their scoring system and a plethora of other informative articles can be seen on the official company website at https://coinpaper.io/.

      

Source: yorkpedia.com

Author: [email protected]
https://coinpaper.io/


83% of cryptocurrencies that peaked in 2018 are still down by 90% – BITCOININNEWS.COM

83% of cryptocurrencies that peaked in 2018 are still down by 90% – BITCOININNEWS.COM

Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%.

The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by the year in which they posted record price highs.

Holding assets that hit high marks +3 years ago is proving to be a massive lost opportunity cost for deploying capital.

There’s a reason 83% of assets that hit a high price in January 2018 are trading +90% below their ATHs.

ATH/Cycle Low data is from @MessariCrypto API pic.twitter.com/Kfzfq69ZMp

— Matt Casto (@mcasto_) January 21, 2021

The data set included 410 assets that posted record prices during 2017 or later, with 2018’s 157 star coins performing the worst with an average of -90.71% since the previous ATH. 

2017’s top crypto’s have since crashed by 82% on average, while 2019’s crop is down 72%, and 2020’s standouts have shed 53%.

The data may help support the ‘great repricing’ concept, that the capital that once flowed into the “ghost-chain” layer-one blockchains that dominated the sector in 2017 and 2018 is now being redirected towards the nascent DeFi sector.

The concept is even a trading strategy for some, with dHedge pool manager Wangarian describing his strategy as longing “tokens that obtain direct value accrual (DeFi)” while shorting “dogs**t L1s that have no value accrual whatsoever.”

However, despite the poor performances of many altcoins from yesteryear when compared to their record highs, many older altcoins have still produced enormous percentage gains since bottoming out.

Since finding local lows during the “Black Thursday” crash of March 2020, Cardano (ADA) has increased nearly 1,700%, Zilliqa (ZIL) is up 2,670%, and Decred (DCR) has gained 14,130% from their respective price floors.

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Source: www.bitcoininnews.com


Cryptocurrencies Price Prediction: Ripple, Cardano & Polkadot – American Wrap 20 January

Cryptocurrencies Price Prediction: Ripple, Cardano & Polkadot – American Wrap 20 January

XRP has lost over 60% of its value since November 24, 2020, after peaking at $0.78. The digital asset plummeted after the SEC sued Ripple, alleging that the company sold illegal securities to investors. On December 29, 2020, XRP price dropped to $0.173 but managed to recover and it’s currently trading at $0.288. 

Cardano had a significant breakout from an inverse head and shoulders pattern on the weekly chart that had a price target of $2. As we discussed in our previous analysis, Cardano still needs to climb above $0.38 for the bulls to be in full control. 

Polkadot had a massive run to its all-time high of $19.4 on January 16, reaching a market capitalization of $16 billion and placing itself as the 4th largest digital asset. DOT is still up by 60% in the past week despite the recent sell-off.

Source: www.forexcrunch.com

Author: FX Street

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83% of cryptocurrencies that peaked in 2018 are still down by 90%

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