To begin with, Ripple managed to jump up the ladder and become the second largest cryptocurrency after it crossed ethereum from his position in November and earned to become one of the cryptocurrencies with the highest returns over the year. However, if you look back in early January, Ripple is down by a stunning 91 percent and it still hasn’t been listed on Coinbase. At the time of writing, ripple’s price is at $0.34.
Ethereum on the other hand, as mentioned, as dethroned and is now $103.25 which is also a stunning drop from its all-time high at $1,431. This could be a consequence since the crypto whales that are piling up ETH over the year and have now doubled their holdings by 80 percent.
The hardest hit altcoins were, of course, Bitcoin Cash and Cardano each of them suffered a 97 percent drop after rising up to $4,329 and $1.33. Bitcoin cash struggled hard to rebound after the hard fork that split bitcoin cash into two parts. Meanwhile, Cardano has tried to show some developments but couldn’t stay away from the ‘’ICO winter’’.
At last, Bitcoin has plunged by 80 percent since striking $20,000 and its current price is at $3,764.
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