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October 4, 2022
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83% of projects that achieved ATH in 2018 are 90% lost –

According to data published by the analytical company Messari, 83% of cryptocurrencies that peaked in January 2018 are still at a loss of at least 90% at this point.

These data were noticed by CMT analyst Matta Casto. He posted on Twitter data showing the average return on investment (ROI) of digital assets sorted by the year ATH recorded their price.

157 projects at 90% loss

The dataset includes 410 assets that hit record prices in or after 2017. As many as 157 projects that enjoyed a great streak in 2018 now achieve average results and are on average -90.71% from the previous ATH.

The best crypto of 2017 dropped by an average of 82%, while projects enjoying their 2019 and 2020 glory years lost 72 and 53% respectively.

This data can help implement the concept “Great valuation“. Under this concept, the capital that once flowed into the “ghost chain” layer – the first layer blockchains, is now redirected to the emerging DeFi sector.

Some projects record huge increases

Despite the poor performance of altcoins in previous years compared to their record highs, many older coins still produce huge percentage returns.

Since finding the local lows during the memorable March Black Thursday, Cardano (ADA) has increased by almost 1,700%, Zilliqa (ZIL) by 2,670% and Decred (DCR) has gained 14,130%.

Current Bitcoin rate i You can always check all the projects mentioned in the article in the tabs: course Bitcoin and the cryptocurrency rate on the website . The place where you can buy cryptocurrencies is incl. cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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