Altcoins have shown they are much more speculative and volatile compared to Bitcoin - but the latest crash was the most panic-inducing during the protracted bear market. However, a few distinct groups of altcoins have formed, based on losses since their all-time high.
Based on data by Onchainfx.com, losses can be categorized in three rough groups. The most dramatic one is where losses are above 90%, or even above 95%. This level of losses means an asset has lost around 80% once, and then another 80% from the already depressed price.
Such losses, especially for those that bought at the peak, can be a personal financial disaster. Unfortunately, some of the high-profile altcoins fall into this category. XRP, the digital asset of the Ripple project, is currently down 93% from the peak, despite the recovery this Wednesday. Cardano (ADA) is in the same boat, down 93% from its peak, to $0.09. MIOTA, at $0.46, is down 92% from its peak.
For almost all coins, purchases at the peak prices never stopped, based on expectations of a constant price rise.
There is another group of coins, losing between 80 and 90% of their...
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