Grim Reading For Bitcoin Forks
In an analysis of 63 top cryptocurrencies by market cap, one online commentator drew attention to overall retraction of prices versus their all-time highs.
Bitcoin came in 52nd on the list, having dropped 69% as of Tuesday. Bitcoin Cash had fallen a giant 82% to reach number 16, while Bitcoin Gold fared even worse, losing 85% to occupy 6th position.
The crowning achievement of losing the most against all-time highs fell to the near-defunct Bitconnect, which as of press time had all but disintegrated, losing 99% of its value to trade at just $53.
Republishing the data, the commentator described it as a “REKT leaderboard.”
The REKT leaderboard. See furthest right column. pic.twitter.com/GWJIXSWUm2
— Ciaran Co-Founder Murray (@C1aranMurray) February 6, 2018
Ethereum ‘Wins’ Big On Stability
Bitcoin continued to fall through Tuesday, despite a sudden new correction getting underway which saw prices appreciate over $800 in minutes.
Altcoins have yet to benefit from any reversal activity in Bitcoin, with the infamous leaderboard nonetheless showing Ether (ETH) had held together best against all-time …
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