Today was a rough day for altcoins, here are the ten that got hit the hardest

Altcoin dip January 2015

Almost every crypto is down today, and as usual we can all do our best to guess why but let’s be honest – you can do all the technical analysis you want and you’re still just throwing darts.  A number of altcoins saw their price drop massively over the last 24-hours with SmartCash holding the loss leader down almost 40%. Below is a list of the top ten cryptos that go hit the hardest today:

  1. SmartCash (-39.19%)
  2. Dentacoin (-36.49%)
  3. Dent (-28.05%)
  4. MediBloc (-27.49%)
  5. Bytom (-26.95%)
  6. ReddCoin (-24.76%)
  7. Loopring (-22.98%)
  8. Dodgecoin (-22.83%)
  9. Kin (-22.23%)
  10. Verge (-21.87%)

I’ll be honest, I’ve only heard of three cryptos on this list. While it can be easy to see a bunch of red and hear that some cryptos are down in the 25%+ range and start yelling – crash! But if you take a look at most of the cryptos we all know like Bitcoin, Ethereum, and Litecoin it really doesn’t look like the sky is falling. Here’s a look at how the top ten cryptos faired today:

  1. Bitcoin (-4.21%)
  2. Ethereum (-8.2%)
  3. Ripple (-14.41%)
  4. Bitcoin Cash (-10.41%)
  5. Cardano (-10.55%)
  6. Litecoin (-6.42%)
  7. NEM (-7.45%)
  8. NEO (+8.105)
  9. Stellar (-13.07%)
  10. IOTA (-10.05%)

Also let’s remember that most of the cryptos listed above are up 1,000% or more in 2017, heck some are over 10,000% so going down 10% in a day shouldn’t be that scary, in fact it probably should happen. This is one of those times where veteran crypto investors will be chanting HODL and new investors will get scared and panic sell. Everyone will look for an answer and come up with some creative explanation, and whoever gets it right most-likely did it by accident.

Welcome to the wild west of crypto. As many of you know I have been speculating in the crypto space but I’m not a day, week or month trader. I’m in this for years to come so I say, bring the bumps along the way! What do you think – is this the beginning of a huge crypto crash or is this one of those famous dips where everyone kicks themselves for not buying in?

I want to hear from you, comment and let your voice be heard!

{ 6 comments… add one }

  • Tony January 15, 2018, 10:33 pm

    Normal for anything that goes up so much to retrace a bit. I took profits to buy premium domains and used today and yesterday to reload on some coins.

    Schnauzer.com
    Podiatrist.com

    Reply
  • Tristan January 15, 2018, 10:41 pm

    SmartCash did not have a bad day… the only exchange you could buy it on had issues with their wallet so the past few days you could only buy and not sell. Sometimes there’s a good reason

    Reply
  • Iniyan January 15, 2018, 11:15 pm

    HI,
    I believe this is just a correction and also FUD due to negative news for China, South Korea and France. All the top coins will recover maybe not soon but definitely will.

    Reply
  • Logan January 16, 2018, 10:38 am

    “veteran crypto investors” is an oxymoron. Even those buying bitcoin in 2009 are no veterans along the lines of Warren Buffett being a veteran stock investor. All this crypto ‘investing’ is rampant speculation. At least stocks have free cash flows and intrinsic value to support their valuations and their resulting prices as set by the marketplace. Cryptos have only prices with no supporting valuations.

    Reply
  • John M January 17, 2018, 2:51 am

    Why is it that you always ask for comments but NEVER answer a simple question when asked of you in a comment?

    Reply
  • Peter Rose January 31, 2018, 2:58 pm

    This is no correction, there’s further evidence of more downard momentum. Not quite the time to buy IMO. Bleak and bad news everywhere about Crypto. Even Crypto domains will tank.

    Reply

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