Among them, Altcoins registered the least loss, at the end, the bear market
Which Altcoins registered the least loss in the last bear market?
Since the beginning of the year, we have been in a bear market, and the value of most virtual currencies is between 65% and 95%. However, Onchainfx.com produced three different sets of altcoins to understand which altcoins are getting worse.
Based on these data, there are three sets of coins cottage . The first and most compelling one includes cryptocurrencies, with losses greater than 90%. These altcoins lost 80% at a time and lost another 80% again.
This can be harmful if the investor buys at the highest level of history. Losing more than 90% of your investment is certainly not positive. In this case, the phrase “never invest more than what you can lose” is more important than remembering.
In general, we can assume that these conditions occur on virtual currencies that are not established or that most investors do not know. But one of the virtual currencies is XRP, which has fallen 93% from its peak. Cardano contains (ADA), registration 93% reduction and MIOTA 92%.
It is worth mentioning that when these virtual currencies hit a record high in January 2018, the market is very optimistic, and individuals expect prices to continue to grow. Of course, this did not happen and the loss was huge.
There are other virtual currency lost between 80% and 90%. We can mention EOS, which recorded an 80% loss from the highest score. Some enthusiasts expect EOS to reach $30 or even $50, which is something that has never happened. In fact, the highest point is $24.
There are other asset losses between 80% and 90%, including bitcoin cash (BCH), 88% and DogeCoin (DOGE) losses have been reduced by 87%.
We have another set of coins that disappear from the peak between 70% and 80%. We talked about Stellar Lumens (XLM) losing 77%, Decrod (DCR) falling 70%, and Ethereum Classic (ETC) losing 75%.
Bitcoin has recorded a 2017% loss since the peak of December 68 was close to $20,000.
However, some coins have less loss, such as VeChain (VEN) registration 48% loss, while Binance Coin (BNB) is 56%.
Since there is no purchase to support some altcoins, there may be a bigger sell-off and may end with some smaller coins.
At the time of this writing, Bitcoin remains the most important virtual currency on the market at $6,450, Ethereum $290, XRP $0.33, Bitcoin cash $548, EOS $ 5.11, Stellar $ 0.22, Litecoin (LTC)$ 56.62, Cardano $0.98 and Monero (XMR) $97.46.