Which Assets Weathered the Bear Market with Minimal Losses?
Altcoins have proven to be significantly more speculative and volatile, particularly highlighted by the recent crash that has caused considerable panic during the ongoing bear market. However, a few distinct categories of altcoins have emerged based on their losses from all-time highs.
According to available data, losses can be roughly divided into three groups. The most significant losses are those exceeding 90%, and in some cases, even 95%. Such steep declines indicate that an asset may have lost around 80% of its value initially, followed by another 80% drop from that reduced price.
For investors who purchased at peak prices, such losses can represent a severe financial setback. Regrettably, several high-profile altcoins fall into this severe loss category. For instance, XRP, linked to its respective project, is currently down 93% from its peak value, despite a recovery seen on Wednesday. Similarly, Cardano (ADA) is also down 93%, currently valued at $0.09, while MIOTA, priced at $0.46, has experienced a 92% decline from its peak.
In general, there has been a continuous trend of purchasing coins at their peak prices, driven by expectations of ongoing price increases.
There exists another category of coins that have lost between 80% and 90% of their value, but details on this group remain to be discussed.