Even though the prices of most cryptocurrencies have dropped by more than 90% from their all-time highs, a small group has been able to stay on top.72 of the top 100 cryptocurrencies by market capitalization have lost 90 percent of their value since their all-time highs. Find Out More here for the details of the cryptocurrencies updates.
From their highs, the value of cryptocurrencies with large market capitalizations fell by less than 90 percent. On the other hand, meme coins and altcoins with small market caps were wiped out.
Analysts found that exchange tokens were doing better than most other types of cryptocurrencies. At the time this article was written, exchange tokens were 60–70% below their all-time high.
It was found that the best chance of success was with the LEO token. It is used on the Bitfinex exchange and other trading platforms owned by the company’s parent, iFinex. Only about 40% of LEO’s all-time high price of $8.14 is missing from its current price. There has been “aggressive buying” since the price dropped, which is a really interesting change.
FLEX is now the 83rd best out of the top 100 cryptocurrencies. It can be used to pay for transactions on Coinflex, making trading cheaper. Industry experts think that the token’s price has gone up since the burn mechanism was added to FLEX. It is now selling for 37% less than its all-time high price of $7.56.
The current price of KuCoin’s KCS is about 59.7% less than its all-time high. The ERC-20 token is a native KeyChain token that almost does the same things as the LEO and FLEX tokens. Some of these jobs are:
Analysts’ research shows that the LEO price movement in Bitfinex’s native token is now going in a good direction. If the LEO price can break above $5.58, it might be able to reach $5.79 before the current uptrend turns down again.
Most coins are doing much worse than those with larger market caps. During the most recent bear market, the value of nine of the top 10 cryptocurrencies, as measured by market capitalization, fell by less than 90%.
Since its all-time high of $69,000 in November 2021, Bitcoin (BTC), the most popular cryptocurrency, has lost 70.3% of its value. Ether (ETH) is now behind Bitcoin (BTC). It has lost 78 percent of its value since its all-time high price of $4,878.
BNB from Binance, ADA from Cardano, SOL from Solana, and DOT from Polkadot are also in the top 10. Between 68 and 88% of the value of these cryptocurrencies has been lost. Stablecoins that are already backed by the US dollar, like Tether (USDT), Binance USD, and USD Coin (USDC), are not on the list (BUSD). XRP has dropped 90.56 percent from its all-time high, which makes it stand out.
Since their all-time highs, these top 10 currencies have lost an average of 79% of their value. The prices of the top 20 cryptocurrencies have dropped by an average of 81.1% from their all-time highs.
Since they were first given out, exchange tokens have lost 68.3% of their value.
The best-performing cryptocurrency is Unus Sed Leo (LEO), which is only down 38.87% and saw “aggressive buying at lower levels” on June 13. The LEO utility token was made for iFinex, which runs the Bitfinex exchange and trading platforms. It is based on Ethereum. Its goal is to lower the prices that traders have to pay.
The 83rd largest cryptocurrency is the FLEX coin, which is used on the CoinFLEX exchange. It can also handle the big disadvantage pretty well, as shown by the fact that its ATH has only dropped by 38.6%.
FLEX can be used to pay for trades on the trading platform, which helps keep trading costs down. As a way to keep the price of tokens stable, the project encourages people to burn them.
KuCoin Token (KCS), which is the platform’s utility token, has fallen 61.43 percent from its all-time high. The exchange made an ERC-20 token called the KuChain (KCS) token. It is the KuChain blockchain’s own currency. In the exchange, the KCS token can be used to lower the cost of making a trade.
In the past week, the market value of all cryptocurrencies fell by 24 percent, from $1.3 trillion to $996 billion. Several cryptocurrencies have lost a lot of value over the past week because of this. During the same time period, the price of bitcoin went from $30,500 to $20,216 on June 15. This is about a 35 percent drop.
