Price reduction crypto assets the year 2022 has been since mid-May 2022. At that time, the prices of Bitcoin, Ethereum, and other major cryptocurrencies dropped drastically.
Compared to the names above, the worst performing crypto home is TerraLuna (LUNA). Prices are down to 90 percent. Imagine, the price touched $191 in April, two months later the price dropped to only 0.000005.
Beyond LUNA, there are many crypto assets that have suffered the worst downturn in the 2022 crypto crash. Up to 90 percent off ATH (all-time high) or highest price since selling on exchange.
IDR 50,00062%
IDR 18,900
Crypto Asset List Severe Crash
Based on data quoted from Coingecko, VCGamers compiled some of the crypto assets with the worst crashes until the crypto crash of 2022. Come on, see the full discussion below!
Terra LUNA (LUNA)
The reasons for the collapse of the crypto market in the middle of 2022 are many reasons. However, it is believed that the price of the Terra Luna (LUNA) coin falling is one of the main reasons.
According to Coinbase, LUNA is down nearly 100 percent from its ATH period. In April 2022, LUNA reached a peak of IDR 1.7 million per coin. Now the price is only Rp. 7.4. This is bad, right?
Many reasons are considered as the main cause. The main one is of course the drop in the price of the stablecoin Terra USD (UST). Stablecoins like UST should be priced at $1. However, at the time of the crash, the price had only fallen by $0.2.
Internet Computer (ICP)
ICP is an internet computing brand released in June 2021 by Dfinity, an organization based in Switzerland. What is clear is that this icon has been made since 2016, bro.
Therefore, at the time of its release, Internet Computer offered a variety of superior features that were said to be superior to other blockchains such as Ethereum and Solana.
ICP claims to have 100,000 times lower database fees than Solana. Because of this foundation, ICP was in demand at the start of its launch. The ATH price is $700.65. Investors come from content creators and app developers who believe this token is the payment platform of the future.
Filecoins (FIL)
Filecoin (FIL) is a major cryptocurrency project created in China in 2014. The project aims to reduce dependence on cloud storage and centralized systems.
Part of FIL is that it becomes a storage pool that allows anyone to rent hard drive storage. This coin also allows anyone to buy the necessary network security.
Also read: How to Transfer Crypto Assets from Indodax to Trust Wallet
Bitcoin Cash (BCH)
BCH is a crypto asset that went public on the exchange in August 2017. This resource is an update of the BTC blockchain network or fork that gave birth to BCH as a new blockchain system.
Interestingly, BCH also received a fork and was split into two, namely BCH ABC and BCH Cash SV. Unfortunately, BCH is entering a bearish period, i.e. in decline after the 2019 crypto crisis.
After that, BCH struggled to find strength and support, so the price continued to fall to $ 118.57 or around 1.762 million rupees as on June 24.
Dash Coin (DASH)
Dash Coin (DASH) is a crypto asset launched in January 2014 under the name “Xcoin” by Evan Duffield. Like BCH, DASH is a fork of LiteCoin which is also a fork of Bitcoin.
In 2016, the name was changed to DASH, which means “digital currency”. During the 2018 crypto boom, the value of DASH soared, especially in Venezuela.
The price has reached $ 1500 per piece in April 2018. However, like BCH, this coin goes after ATH, so the price is only $49.51 as of June 24, 2022.
Also read: LATEST! These are 383 Legal Crypto Assets in Indonesia
Above is a list of crypto assets with the worst declines of all time. This property has experienced a significant drop in coinage, making it ineligible for inclusion on the investment list.
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