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Comparing how Popular Projects are holding up over the Bear Market after Aug. 17th Flash Crash.

All Cryptocurrencies

by COINS NEWS 90 Views

So Crypto Flash Crashed and lots of Crypto projects are/were on sale - some more than others. Lets take a look at how low these projects dipped compared to their Bear Market Low.

Bitcoin

  • Flash Crash Bottom: $25.4K
  • Current Bear Market Bottom: $15.6K
  • Percent from Bottom: +63%

Ethereum

  • Flash Crash Bottom: $1.55K
  • Current Bear Market Bottom: $1K
  • Percent from Bottom: +55%

Cardano

  • Flash Crash Bottom: $.2458
  • Current Bear Market Bottom: $.2304
  • Percent from Bottom: +7%

Polkadot

  • Flash Crash Bottom: $4.35
  • Current Bear Market Bottom: $4.24
  • Percent from Bottom: +3%

Dogecoin

  • Flash Crash Bottom: $.058
  • Current Bear Market Bottom: $.055
  • Percent from Bottom: +5%

Matic

  • Flash Crash Bottom: $.54
  • Current Bear Market Bottom: $.40
  • Percent from Bottom: +35%

Atom

  • Flash Crash Bottom: $7.30
  • Bear Market Bottom: $6.07
  • Percent from Bottom: +20%

Algorand

  • Flash Crash Bottom: $.088
  • Current Bear Market Bottom: $.088
  • Percent from Bottom: AT BOTTOM

Bonus: Moons

  • Flash Crash Bottom: $.371
  • Current Bear Market Bottom: $.033
  • Percent from Bottom: +1,124%

As you can see minus a few exceptions the majorities of Alts flash crashed near their bear market bottoms with ALGO finding a new bottom - while BTC is up +63% and ETH is up +55% compared to the current bear market bottom.

With most alts so close to their bear market bottom - if BTC somehow managed to retrace and test it's bear market low $15.6K, I'm a little scared to see how much further alts will drop.

submitted by /u/GabeSter
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