Digital currencies had a phenomenal year, with a majority of existing crypto assets reaching all-time high (ATH) prices against the world's fiat currencies. However, the same digital currencies that tapped ATHs last year have currently lost a lot of value, with numerous cryptocurrencies having lost 30% or more since 2021 price highs. Crypto Assets Are Lower Than Last Year's Price Highs 2021 was a good year for crypto assets as the fiat value of numerous blockchain networks grew as billions upon billions were added to the alternative digital economy. Bitcoin (BTC) broke its previous ATH recorded in December 2017 at the end of 2020 as...
Digital currencies had a phenomenal year, with a majority of existing crypto assets reaching all-time high (ATH) prices against the world's fiat currencies. However, the same digital currencies that tapped ATHs last year have currently lost a lot of value, with numerous cryptocurrencies having lost 30% or more since 2021 price highs.
2021 was a good year for crypto assets as the fiat value of numerous blockchain networks grew as billions upon billions were added to the alternative digital economy. Bitcoin (BTC) broke its previous ATH recorded in December 2017 at the end of 2020 when it surpassed the $20,000 per unit zone.
BTC The price continued to rise through 2021, eventually reaching a high of $64,000 per unit. Furthermore, Bitcoin price jumped to the $69K zone on November 10, 2021, but today the price is 39% lower.
A variety of crypto assets are in the same boat today BTC, as they hit ATHs sometime last year, but have since lost at least 30% or more in fiat value. Ethereum (ETH) The value shot up to an ATH sixty days ago, reaching $4,847, but has lost 35.46% since then.
Binance coin (BNB) reached an ATH last year, but it was eight months ago and today it is 34% lower than the $689.92 per coin price it once held. Two months ago, Solana (SOL) reached a high of $258.93 per coin, and today SOL is 47% below that price.
Most of the leading crypto assets in terms of market cap are showing a variety of different percentage losses since their ATHs in 2021. Cardano (ADA), for example, is down 62.78% since reaching $3.10 per . coin achieved this four months ago.
Other crypto assets have either shorter time frames or much longer time frames since their ATHs. XRP (XRP) for example, is one of the few top ten leaders that did not reach an ATH last year. The digital currency xrp touched its ATH four years ago when it hit $3.30 per reached coin.
Polkadot (DOT) reached two months ago at $54.98 per . its all-time high coin and today it is down 55.9%. In the meantime, Terras (LUNA) ATH is much closer as LUNA tapped its ATH 16 days ago when it reached $102.63 per unit. LUNA is down 29.51% from the crypto asset’s ATH.
Many crypto assets in the top ten have fallen significantly, but some have managed to remain high. Near Protocol (NEAR) is down just 6.96% as it hit an ATH of $17.52 per unit seven days ago. Additionally, Bitfinex-issued crypto asset Unus Sed Leo (LEO) is just 9.75% lower than it was eight months ago.
What do you think of the crypto assets in the top ten and how far are they from their all-time highs?
Photo credits: Shutterstock, Pixabay, Wiki Commons
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