Connect with us
Active Currencies 14909
Market Cap $2,240,210,009,164.10
Bitcoin Share 50.73%
24h Market Cap Change $0.48

Ethereum, Tron down by almost 50 percent over the past year; BTC volatility remains comparable to Alts

2min Read
8 Crypto exchanges to kickstart operations in Mexico

Share this article

The performance of some of the altcoins this year was nothing short of spectacular. The likes of Litecoin hiked by an impressive 387 percent, registering its yearly high of $145. Bitcoin did not shy away from its consistent growth as it reached a yearly high of about $13,800. It was currently valued at $10,362.3.

Since the beginning of the bull run in April, the market collectively surged and the community started to speculate the breakout of another altcoin season.

However, some of the major virtual assets failed to follow this narrative and over the last couple of months, as few cryptos suffered major slumps.

According to data released by Coinmetrics, it was revealed that a majority of digital currencies that were outperforming Bitcoin over a period of time in the past year, were currently down by nearly 50 percent from their past valuation. This list of coins included XRP, EOS, Monero, Stellar and Tron.

Source: Trading View

From the chart above, it can be observed that Ethereum, the 2nd largest virtual asset suffered a decline of over 66 percent in the past year which dropped its valuation from $513.61 to around $173.76.

Bitcoin Cash also suffered from a similar fate as it was pictured that its price slumped down to $304.2 from a massive $877 over a period of 12 months.

Source: Trading View

Binance was a major winner among altcoins after the virtual asset registered a whopping 668 percent since the start of the year.

Source: Twitter

Volatility still the same?

After claims that BTC’s price volatility had decreased over time, it was revealed that despite performing better in the market, volatility of BTC was still comparable to altcoins in the market. Bitcoin registered rolling volatility of 90 percent over a period of three months, which was similar to Ethereum, Bitcoin Cash and XRP which listed out rolling volatility of 87%, 94%, and 77% respectively.

Source: Trading View


Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.