List of Crypto All-Time High Prices Shows How Far Market Must Recover
Many of the top ten cryptocurrencies by market cap have completely fallen out of favor since, and are down anywhere between 94% to as much as 100% from their all-time high prices. Even the current top ten, comprised of actual crypto assets with real utility, are down anywhere from 82 to 92%, with only one rare altcoin outperforming Bitcoin, which itself is still down 54% from its previous all-time high of $20,000.
Altcoins, however, haven’t fared as well as Bitcoin, with the majority of the alternative crypto assets still down anywhere 80% or higher from their all-time highs. Related Reading | Nearly Two Years Later, A Retail Crypto Fund Experiment Is Down 81%
The math is even more damning, as not only is Verge, for example, down 99% from its all-time high, it would require an over 6450% gain to break above its all-time high, suggesting that many investors still holding these heavy bags, may be stuck at a loss forever.
