The Top 10 Worst Cryptocurrency Investments of 2018

October 18, 2018

 

Cryptocurrency tracking site OnChainFX allows users to browse price data for every cryptocurrency in the industry. Using their data, traders can now see which cryptocurrencies have fallen the most from the all-time high (ATH) prices. The list is below, and shows the current price, as well as the ATH price, days since ATH, percent down since ATH, and how much the cryptocurrency’s price would have to multiply in order to reach ATH again. At this point, you might be asking what made these coins tank so badly. Starting with #1, ZCL and BTCP were victims of fork hype. When BTCP developers announced they would airdrop BTCP to ZCL and BTC holders, ZCL prices pumped to astronomical levels. Once the fork happened, and the hype died down, prices for both slowly dwindled away. Bitcoin Diamond has a similar story, created in late 2017, BTCD was supposed to be a faster, cheaper version of BTC. As you can see from the chart, that didn’t work out, and forked coins once valued at $59 are now being sold for less than $2.As for the other cryptocurrencies, it’s hard to determine what really happened. Some of them had lackluster development teams, suffered maniuplation in price, or had an unenthusiastic community. Either way, looking at these coins should teach everyone a thing or two about investing.

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