Data compiled by Messari indicates that the 157 crypto assets that posted record highs in 2018 are still bumbling along at prices more than 90% down from their ATHs.
Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%.
The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by the year in which they posted record price highs.
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.ATH/Cycle Low data is from @MessariCrypto API pic.twitter.com/Kfzfq69ZMp— Matt Casto (@mcasto_) January 21, 2021
The data set included 410 assets that posted record prices during 2017 or later, with 2018’s 157 star coins performing the worst with an average of -90.71% since the previous ATH.
2017’s top crypto’s have since crashed by 82% on average, while 2019’s crop is down 72%, and 2020’s standouts have shed 53%.