Cryptocurrency investment losses hit 99% as Internet Computer collapses
Nearly every major cryptocurrency that made headlines during the last bull run is now sitting far below its former glory, and a new study puts a number on just how painful that fall has been. According to a report from online trading platform Taurex, cryptocurrency investment losses have been staggering for holders of some of the marketโs best-known altcoins, with one project alone wiping out more than 99% of its peak value.
Key takeaways
- Internet Computer (ICP) posted the steepest cryptocurrency investment losses in the Taurex study, down 99.69% from its all-time high of $700.7 to a latest price of $2.2.
- Taurex reviewed price drops across 60 popular cryptocurrencies, ranking the 10 coins that cost investors the most since their peaks.
- Filecoin (99.67%) and Polkadot (98.46%) followed closely behind Internet Computer as the second and third biggest losers.
- Every coin in the top 10 has lost more than 95% of its value from its all-time high, with market caps ranging from roughly $579 million to nearly $3 billion.
- A Taurex analyst urged traders to set a predefined loss limit before buying, warning that โdiscipline is the only thing that protects you from a 99% loss.โ
Top Cryptocurrencies Causing the Largest Investor Losses
Internet Computer stands out as the single biggest wealth destroyer among the coins Taurex examined, having shed 99.69% of its value since peaking in May 2021. That kind of drop means an investor who bought at the top and held on would now be sitting on a fraction of a cent for every dollar invested.
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