XRP And XLM Leaders As Worst-Performing Crypto Assets

XRP and XLM are officially leaders as worst-performing crypto assets year-to-date during the year when the rest of the crypto market made up of the lost value. In today’s Stellar news, we read further about their price movements.

The altcoins are still down by more than 90 percent from their all-time high prices and even a fund composed of Bitcoin and other major cryptocurrencies, are still down by about 80 percent from the initial investment which was made back in 2018 in January when the crypto hype bubble began to burst.

The bubble deflation crushed the altcoin market and even took Bitcoin’s price from a high of $20,000 to over 80 percent lower to the $3,100 position before the asset rebounded to $14,000 during the parabolic rally in 2019. While this year Bitcoin made up for most of the lost value, it wasn’t really able to set a new record and now it’s trading at about half of what it was at the peak of the year. Still, Bitcoin tops the list as one of the best-performing assets this year with a 92 percent return on investments.

The rest of the crypto market didn’t do well as Bitcoin with a few exceptions. Tezos and Binance coin are both up by 160 percent on the year and Chainlink as well got up by more than 600 percent for the year making it among the top-performing assets on the market. The rest of the altcoins didn’t fulfill their dreams as many of the major altcoins from the crypto Bull Run got down by more than 80 percent from their all-time high as XRP and XLM did.

Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH) and Monero (XMR) all saw some smaller gains for the year but they failed to come nowhere near as close as their former all-time high prices. Ethereum which is the number two cryptocurrency by market cap, led the hype bubble alongside Bitcoin and only recovered by 7 percent this year. Ripple native asset the XRP was the second-worst performer and set a new bear market low this year after it dropped as much as 39 percent year to date as we reported earlier.