Worst Crypto Assets of 2018 Plunge over 98% from Peak Prices

With altcoins sliding faster than Bitcoin, some projects proved to be the worst possible investments in 2018.

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Many altcoins fell sharply from their peaks, losing more than 98% of their value at one point. Altcoins slid more sharply compared to Bitcoin, yet among altcoins, there were several especially notable disaster scenarios.

As the fourth quarter of 2018 rolls in, hopes of a year-end rally are fading. Besides the loss of enthusiasm, some projects suffered very particular setbacks, which further contributed to wiping out their value.

Based on data from Onchainfx, Weiss Ratings has picked the biggest losers since the all-time market high. The peak in most coins coincided with the end of 2017 and the first days of January 2018.

For most altcoins, the price slide is due to the loss of dollar value for Bitcoin. However, there were special circumstances for some of the coins on the top 10 worst list.

ZClassic (ZCL), which has lost 99% of its value, fell to $3.42 from peaks of near $200. The over-inflated price was due to the hype surrounding the Bitcoin Private hard fork. ZCL has seen similar patterns in the past, rising ahead of a promised hard fork only to crash within hours after the event.

Bitcoin Diamond (BTCD) has shed 97% since its peak, becoming one of the failed Bitcoin forks. GameCredits (GAME), down 98%, went through the usual speculative cycle on Bittrex and Poloniex. Einsteinium (EMC2), which has plunged 97%, had other misfortunes: skeptics saw the project failing to deliver its promised technology. A delisting from Poloniex hurt the price further.

Salt (SALT) unraveled after its lending scheme got acquired by Nexo Crypto. Previously, the over-hyped crypto lending project saw the token price climb to around $20 before crashing again.

Bitcoin Private (BTCP) also started off with great hopes, but low liquidity trading and conflicts within the team and community speeded the downfall of the coin, which sunk to $2.43. Projects, like QTUM, NXT, and LBRYCredits (LBC) were simply over-hyped at the peak of the market.

It is extremely difficult to compare the performance of crypto assets due to their really different trading profiles. The quality and liquidity of exchanges often define the direction and volatility of the price.

The crypto market has always been volatile, and similar losses were seen in the past. But 2018 affected mainstream investors to a far greater degree, with even projects seen as solid and promising dropping more than 80% from peak levels and some prices returning to the levels before their big rallies.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

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bitcoin
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ethereum
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binance-coin
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cardano
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,814 0.14 % 4.09 % 14.45 %
Ethereum3,860.2 0.00 % 0.56 % 8.48 %
Binance Coin477.21 0.04 % 1.26 % 14.08 %
Cardano2.230 0.56 % 1.77 % 0.25 %
Tether0.9986 0.03 % 0.08 % 0.23 %
XRP1.140 0.03 % 0.32 % 7.51 %
Solana159.32 0.57 % 5.32 % 0.25 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Dogecoin0.2386 0.62 % 1.55 % 1.80 %

bitcoin
Bitcoin (BTC) $ 61,823.00
ethereum
Ethereum (ETH) $ 3,865.92
binance-coin
Binance Coin (BNB) $ 476.75
cardano
Cardano (ADA) $ 2.23
tether
Tether (USDT) $ 0.99973
xrp
XRP (XRP) $ 1.14
solana
Solana (SOL) $ 159.79
polkadot
Polkadot (DOT) $ 44.30
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239842