The Great Crypto Shuffle: How 2017’s Top 100 Coins Fared In The Rollercoaster Market

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	92,662,796,983	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

92,662,796,983

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	6.70	1.15%	587.77	587.56	587.84

Price Change

Price Change %

Current Price

Bid Price

Offer

6.70

1.15%

587.77

587.56

587.84

High Price	Low Price	Open Price	Prev. Close	52 Week Range
589.07	577.96	581.06	581.06	210.00 - 720.47

High Price

Low Price

Open Price

Prev. Close

52 Week Range

589.07

577.96

581.06

210.00 - 720.47

Exchange	Last Trade	Size	Trade Price	Currency
BINA	13:11:49	1.37	587.77	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

13:11:49

1.37

587.77

USD

Price x Volume	Volume	Base Symbol	Related Pairs
7,987,233.96	13,576.25	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

7,987,233.96

13,576.25

The Great Crypto Shuffle: How 2017’s Top 100 Coins Fared In The Rollercoaster Market

04/10/2023 1:00am

NEWSBTC

A recent analysis by an analyst has painted a clearer picture of just how volatile the crypto market has been, especially for those who took their chances on lesser-known altcoins a few years back. The analyst studied the top 100 cryptocurrencies as they stood in December 2017 and found that the fortunes of these digital assets varied significantly over the past six years. Related Reading: Crypto Fund Flows: Bitcoin Leads As Solana Follows, But Why’s Ethereum Left Behind? From Prominent To Obscure: The Rise And Fall Of 2017’s Crypto Stars Six years in the financial world is relatively short, but it can seem like an eternity for the fast-paced crypto market. An X (formerly known as Twitter) user named davanai shared his analysis of the top 100 cryptos in 2017, revealing some startling figures. Out of the top 10 cryptos, New Economic Movement (XEM) is the only one that has dropped out of the top 100 list. On the other hand, previous giants like Monero and Dash are teetering on the brink of exiting the elite group. Amid these declines, the twin towers of the crypto world, Bitcoin (BTC) and Ethereum (ETH), have held their positions at 1st and 2nd spot, respectively. XRP, among the most discussed cryptos in the 2017 bull run, has slipped only slightly to the 5th position. Cardano (ADA), too, while losing two spots, remains in the top ten. However, not all stories are of resilience. Populous Coin (PPT), once the 19th largest crypto, is now a shadow of its former self, trading at 99.97% below its all-time high. Distinguishing The Winners From The Losers Interestingly, the analyst classified 27 of the top 100 cryptocurrencies as “scams”. While this doesn’t directly confirm any deceit, these digital currencies have nearly vanished in terms of market presence and activity. Out of the top 100, just 21 achieved record highs during the initial three months of 2021, while 68 remain below their highest valuations from 2017 or “almost a scam,” according to the analyst. Research statistics: 🟢 5 of 20 are worth more than ATH 2021 ⚫ 27 of 100 SCAM project 🔴 68 of 100 are below ATH 2017 or almost a scam 🟢 21 of 100 updated ATH in 2021 🔴 79 of 100 will never update ATH — davanai👻 (@0xdavanai) October 2, 2023 On the brighter side, three altcoins have climbed up in their rankings since 2017. Binance Coin (BNB), Chainlink (LINK), and Dogecoin (DOGE) have defied the broader trend, proving that it’s not all doom and gloom in the altcoin world. Related Reading: Ethereum’s Price Vs. Bitcoin: Can Upcoming ETH Futures-Based ETFs Turn The Tables? The findings provide a cautionary tale for crypto investors. As the analyst pointed out, purchasing the top 100 cryptos would likely result in losses over time. As traditionally understood, diversification may not apply in the high-stakes world of crypto investing. • You should buy altcoins with a clear understanding of the situation, and not relying on luck • Don’t listen to fables about diversification, because only 3 out of 100 tokens are profitable in the long run • Cryptocurrency profitability is about mindset and strategy — davanai👻 (@0xdavanai) October 2, 2023 Featured image from Unsplash, Chart from TradingView

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BNBUSD Binance Coin