Data compiled by Messari shows that 157 crypto assets, which rose at record highs in 2018, are still stumbling at prices more than 90% lower than their ATH.
Data released by the crypto market data collector Messari show that 83% of crypto assets, which tagged their all-time highs in January 2018, still fell by at least 90%.
The data was detected by CMT Digital analyst Matt Casto, who tweeted data showing the average return on investment or ROI of crypto assets ranked by the year they post record price increases.
Holding assets that hit high marks +3 years ago is proving to be a massive lost opportunity cost for deploying capital.
There's a reason 83% of assets that hit a high price in January 2018 are trading +90% below their ATHs.
— Matt Casto (@mcasto_) January 21, 2021
The data set included 410 assets that were making record prices in 2017 or later; 2018’s 157-star coin performed the worst since the previous ATH, with an average decline of 90.71%.
The top cryptocurrencies of 2017 have dropped 82% on average since then.
The data reveal the fact that the capital that once flowed into the “ghost chain” layer-blockchain and was directed to the first blockchain that dominated the industry in 2017 and 2018 is now directed to the emerging DeFi sector.
However, despite the poor performances of many altcoins over the past years compared to record highs, many ex-altcoins have still made enormous percentage gains since dropping from the bottom.
Since falling to local lows in the “Black Thursday” crash of March 2020, Cardano (ADA) has increased by about 1,700%, Zilliqa (ZIL) 2,670% and Decred (DCR) 14,130% from their price bases.