Home / Crypto News / Ripple XRP, Ethereum, Stellar, Bitcoin Cash, Cardano prices have lost over 90% since the all-time high

Ripple XRP, Ethereum, Stellar, Bitcoin Cash, Cardano prices have lost over 90% since the all-time high

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Early in 2018, in February, Thomas Lee, the co-founder of Fundstrat Global Advisors, predicted that Bitcoin would reach new all-time highs in July. Nine months and some crashes later, Bitcoin and many other cryptocurrencies are still in the red. A look at the data shows that nearly every major cryptocurrency has lost nearly 90 percent of its all-time high.

Three quarters of all cryptocurrencies in the course cellar

One of these cryptocurrencies is Ripple XRP. In early January, Ripple XRP had a price high of $ 3.84. The cryptocurrency is still not quoted on Coinbase and supported by 91 percent. At the time of writing, a ripple XRP was traded for $ 0.34.

Also Ethereum (ETH) belongs to the big losers. Meanwhile, an Ethereum coin stands at $ 107. That's 92 percent less than at the all-time highs at $ 1,431. An interesting circumstance in this context is that some major investors, so-called “whales”, apparently use this price weakness and massively buy Ethereum. I had already reported in the blog.

Bitcoin Cash (BCH) and Cardano (ADA) have also hit hard. Both have lost 97 percent since their all-time highs at $ 4,329 (Bitcoin Cash) and $ 1.33 (Cardano).

NEO and NEM (XEM) have also lost a lot. Both have fallen by as much as 96 percent, with NEM never fully recovering from the hacking attack on the Coincheck crypt market in January. The hack stole NEM worth $ 530 million.

The best-performing cryptocurrencies have lost “only” 70 percent

If you look at the top 15 cryptocurrencies by market capitalization (excluding tethers as stablecoins), they all lost at least 70 percent in value. Only four of them have fallen less than 90 percent. These are Bitcoin (BTC), Stellar Lumens (XLM), Monero (XMR) and Binance Coin (BNB).

Bitcoin, the king of cryptocurrencies, suffered losses of 81 percent from its all-time high of nearly $ 20,000. Stellar Lumens (XLM) often follows Ripple XRP and is still a bit ahead of the competitor. Nevertheless, Stellar Lumens has also dropped 85 percent from its all-time high. Even the privacy-oriented Coin Monero has lost 89 percent of its value. This is surprising because their most common use – transactions in the darknet – is largely independent of the movements of the market. Even the recent improvements to the network, which have lowered transaction fees, were unable to reverse the trend.

The best performer in the top 15 is the Binance Coin (BNB). The cryptocurrency lost “only” 73 percent of its all-time high. One reason for this may be the quarterly repurchases and “coin burns” by the Binance crypto exchange that causes deflation.

Sources: MarketsInsider, Diar, Time, Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ripple-xrp-ethereum-stellar-bitcoin-cash-cardano-courses-have-about-90-sides-all-time-highly-

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