Altcoins have demonstrated that they are much more subject to speculation and volatility than Bitcoin. Several groups of altcoins have formed on the market based on the size of the price decline since its peak.
According to Onchainfx.com, such altcoins can be divided into three groups. Altcoins, which have lost between 90% and 95% of their value, are in the worst position. Such an indicator demonstrates that one day the price of an asset fell by 80%, and then another 80% of the already reduced price.
Such a price decline can be a personal financial disaster, especially for those who bought these altcoins at the peak of their price. Unfortunately, some of the top altcoins fall into this category. XRP, the digital asset of the Ripple project, is currently worth 93% below its peak price, despite a recovery on Wednesday. Cardano (ADA) is in a similar situation - the price of the altcoin has fallen by 93% and is now $0.09. MIOTA now costs $0.46, which is 92% less than the maximum.
There is another group of coins whose losses range from 80% to 90%. The price of EOS, for example, has fallen 80% from its peak. EOS was saved by the fact that its price was not pumped up to $30 or $50. Its cost did not exceed $24, and now the altcoin is trading at $4.59.
The third group of assets lost from 70% to 80% of the maximum price. Stellar Lumens (XLM) is in this category, with a price decline of 77%
There are also coins that managed to avoid such losses. The price of VeChain, for example, only fell by 48%. This may be due to the resistance level or the fact that VET is still in its infancy. The Binance Coin (BNB) asset lost 56% of its value, according to Onchainfx.com, the altcoin was saved by the number of active traders.
Traders note that the bearish trend had a stronger impact on alcoins than on the first cryptocurrency.
According to https://cryptovest.com
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