May 19, 2022

Why is crypto going down so much?


With the new year already a month in, its only instinctive to believe that there’s new highs for crypto, or so i thought. But sadly, my crypto portfolio is way down then what it was last year. Thanks to china’s crackdown on miners and just all out banning them, crypto currencies have seen a massive dip over the past couple of months. furthermore investors are even choosing to pull out all those gains from Bitcoin, Etherum, Dogecoin ,Solana etc. into smaller blockchain projects that have potential to generate even more profits.

And because of this, It just seems that we get one good pump and then its a month of dumps. In just one month bitcoin has managed to drop more then 10% around 5k of its value. But don’t think Etherum is any better in fact, its worse. Etherum has dropped 20% in just a month knocking off $800 in value.

And if the big dogs of crypto are suffering you can bet your life savings that the little guy is suffering too. Now i know what your gonna say. “Buy the dip! it wont be as cheap once it sets off.” And yes your right we might never see cryptos reach these lows again. And of course being the hopeful crypto naught that i am I’ve bought into a couple of cryptos that i think have potential, however buying the dip and then waking up to see that the dip you bought just got bigger isn’t exactly a morale booster.

Now i could be getting ahead of myself and this whole recession could just be a consolidation period. And once its over we could be looking at new highs. But bears on any of these tokens, even the highest-quality cryptocurrencies have historically been vicious declines. Predicting exactly what the bottom could potentially be for these tokens is a dangerous and enduring task. like myself and others, many simply choose to sit out the crypto game, waiting on the risk-adjusted returns of this sector to come back.

Leave a Reply

Close

Stocks & Crypto

Name Price24H (%)
DSLA Protocol (DSLA)
$0.003680
-6.82%
Lympo (LYM)
$0.004392
-4.43%
Relevant (REL)
$0.78
0.35%
Heart Number (HTN)
$0.000553
-30.47%
Tadpole (TAD)
$7.32
-1.76%
Cage (C4G3)
$0.005010
-3.67%
DYOR (DYOR)
$0.000020
20.53%
TICOEX Token (TICO)
$0.001364
0.52%
MMS Cash Token (MCASH)
$1.00
0.00%
Bitcoin (BTC)
$28,848.00
-4.45%
Ethereum (ETH)
$1,917.16
-7.25%
Tether (USDT)
$1.00
-0.08%
USD Coin (USDC)
$1.00
-0.17%
BNB (BNB)
$289.24
-4.89%
XRP (XRP)
$0.399492
-8.22%
Binance USD (BUSD)
$1.00
0.09%
Cardano (ADA)
$0.498722
-12.44%
Solana (SOL)
$48.90
-13.05%
Dogecoin (DOGE)
$0.082674
-8.11%
Polkadot (DOT)
$9.34
-13.47%
Wrapped Bitcoin (WBTC)
$28,793.00
-4.57%
Lido Staked Ether (STETH)
$1,883.39
-7.37%
Avalanche (AVAX)
$28.81
-15.19%
TRON (TRX)
$0.070525
-2.39%
Vectorium (VECT)
$425.81
-3.49%
Shiba Inu (SHIB)
$0.000011
-9.25%
Dai (DAI)
$1.00
-0.09%
Power Cash (PRCH)
$0.017570
881.24%
Alex (ALEX)
$0.068435
-0.04%
LEO Token (LEO)
$5.12
-0.65%
LADZ (LADZ)
$0.066195
0.58%
Cronos (CRO)
$0.184629
-7.82%
Litecoin (LTC)
$65.44
-9.89%
Polygon (MATIC)
$0.62
-13.79%
Hedera (HBAR)
$0.388591
-3.51%
FTX Token (FTT)
$29.80
-5.68%
NEAR Protocol (NEAR)
$5.69
-14.31%
Rare (RARE)
$0.046122
0.00%
Bitcoin Cash (BCH)
$183.55
-10.45%
OKB (OKB)
$11.92
-6.56%
Stellar (XLM)
$0.124284
-11.69%
Cosmos Hub (ATOM)
$9.94
-13.27%
Algorand (ALGO)
$0.424561
-12.46%
Flow (FLOW)
$2.74
-9.32%
Monero (XMR)
$152.63
-12.66%
Ethereum Classic (ETC)
$19.67
-8.55%
BitTorrent (BTT)
$0.002702
1.61%
ApeCoin (APE)
$7.66
-13.74%
Uniswap (UNI)
$4.77
-12.07%
BitTorrent [OLD] (BTTOLD)
$0.001374
19.41%
Hedera (HBAR)
$0.097194
-9.95%
Elrond (EGLD)
$87.75
-13.05%
VeChain (VET)
$0.028657
-11.67%
Theta Fuel (TFUEL)
$0.059753
-14.54%
Magic Internet Money (MIM)
$1.00
0.25%
Internet Computer (ICP)
$7.40
-12.64%
Axie Infinity (AXS)
$21.07
-1.73%
Chain (XCN)
$0.096813
5.75%
Bitcoin Cash ABC (BCHA)
$86.90
-0.64%
cETH (CETH)
$38.35
-7.78%
Filecoin (FIL)
$7.50
-11.64%
Decentraland (MANA)
$0.99
-16.55%
DeFiChain (DFI)
$2.79
-9.26%
Tezos (XTZ)
$1.62
-11.39%
Frax (FRAX)
$1.00
-0.22%
The Sandbox (SAND)
$1.16
-14.50%
KuCoin Token (KCS)
$14.25
-4.97%
Humans.ai (HEART)
$0.026105
-11.74%
PancakeSwap (CAKE)
$4.32
-7.91%
Maker (MKR)
$1,388.88
-11.43%
EOS (EOS)
$1.24
-9.41%
TrueUSD (TUSD)
$1.00
0.02%
Zcash (ZEC)
$95.15
-16.60%
Theta Network (THETA)
$1.17
-16.04%
Klaytn (KLAY)
$0.399829
-7.99%
Huobi BTC (HBTC)
$28,718.00
-4.92%
YooShi (YOOSHI)
$0.000003
-12.05%
Aave (AAVE)
$80.73
-14.09%
cUSDC (CUSDC)
$0.022607
-0.20%
Huobi Token (HT)
$7.00
-0.20%
The Graph (GRT)
$0.152602
-15.05%
BitTorrent (BTT)
$0.000001
-4.70%
TerraUSD (UST)
$0.086301
-2.59%
Terra (LUNA)
$0.000146
-21.80%
Pax Dollar (USDP)
$1.00
-0.09%
Bitcoin SV (BSV)
$49.61
-11.02%
IOTA (MIOTA)
$0.320769
-17.45%
THORChain (RUNE)
$2.92
-13.71%
Quant (QNT)
$63.57
-13.23%
Radix (XRD)
$0.085034
-3.71%
Neutrino USD (USDN)
$0.97
-0.04%
eCash (XEC)
$0.000045
-9.60%
GateToken (GT)
$5.46
-4.52%
STEPN (GMT)
$1.35
-16.31%
Fantom (FTM)
$0.313801
-12.88%
cDAI (CDAI)
$0.022023
-0.07%
BitDAO (BIT)
$0.82
-3.22%
Helium (HNT)
$7.32
-19.79%
NEXO (NEXO)
$1.29
-6.61%
Arweave (AR)
$14.08
-10.66%
NEO (NEO)
$9.67
-11.78%
Zilliqa (ZIL)
$0.046558
-14.46%
Kusama (KSM)
$74.15
-8.81%
Convex Finance (CVX)
$10.63
-13.79%
Sapphire (SAPP)
$0.70
35.32%
Amp (AMP)
$0.013250
-6.25%
Chiliz (CHZ)
$0.114107
-4.01%
BitcoinStaking (BSK)
$47.23
216.25%
Valkyrie Protocol (VKR)
$1.22
-13.48%
PAX Gold (PAXG)
$1,820.84
0.21%
Enjin Coin (ENJ)
$0.63
-13.06%
Waves (WAVES)
$5.85
-18.35%
Dash (DASH)
$54.25
-10.27%
Gala (GALA)
$0.075682
-14.49%
cUSDT (CUSDT)
$0.021768
0.00%
Loopring (LRC)
$0.448218
-9.16%
pTokens BTC (PBTC)
$45,430.00
-1.22%
Basic Attention Token (BAT)
$0.364963
-11.04%
Fei USD (FEI)
$1.00
0.07%
Osmosis (OSMO)
$1.44
-11.93%
Synthetix Network Token (SNX)
$2.39
-15.08%
Maiar DEX (MEX)
$0.000106
-13.50%
Celo (CELO)
$1.21
-15.30%
Gnosis (GNO)
$205.00
-10.42%
Fei Protocol (FEI)
$1.00
-0.63%
XDC Network (XDC)
$0.042441
-7.31%
Stacks (STX)
$0.492328
-13.98%
Harmony (ONE)
$0.042642
-14.00%
Decred (DCR)
$35.32
-7.27%
Lido DAO (LDO)
$1.37
-13.40%
Ekta (EKTA)
$3.78
3.46%
Mina Protocol (MINA)
$0.96
-13.95%
Green Satoshi Token (BSC) (GST)
$43.90
9.24%
Curve DAO Token (CRV)
$1.20
-14.04%
NEM (XEM)
$0.052356
-13.47%
Tether Gold (XAUT)
$1,863.95
0.01%
Holo (HOT)
$0.002509
-7.01%
Verasity (VRA)
$0.067412
-5.65%
Kava (KAVA)
$2.24
-15.18%
GuildFi (GF)
$2.03
-6.23%
Compound (COMP)
$62.31
-13.78%
Frax Share (FXS)
$7.07
-15.48%
Nexus Mutual (NXM)
$62.33
-11.22%
Thorstarter (XRUNE)
$0.62
6.40%
Tokenize Xchange (TKX)
$5.20
-6.27%
ECOMI (OMI)
$0.001541
-6.01%
Kadena (KDA)
$2.21
-24.19%
Wootrade Network (WOO)
$0.81
8.00%
OKC Token (OKT)
$24.58
-2.87%
Qtum (QTUM)
$3.71
-11.42%
FLEX Coin (FLEX)
$4.90
-0.57%
Bancor Network Token (BNT)
$1.33
-8.38%
Anyswap (ANY)
$16.67
4.73%
GXChain (GXC)
$4.64
173.82%
1inch (1INCH)
$0.90
-4.84%
hi Dollar (HI)
$0.375993
0.76%
IOST (IOST)
$0.015894
-10.69%
cBAT (CBAT)
$0.023192
6.02%
Dogebonk (DOBO)
$0.000000
14.70%
SuperRare (RARE)
$2.31
24.37%
Balancer (BAL)
$14.59
-2.78%
PEAKDEFI (PEAK)
$0.334352
52.12%
Invictus (IN)
$1,344.61
2.71%
ParaSwap (PSP)
$0.72
-10.57%
My Neighbor Alice (ALICE)
$20.13
-10.39%
Vectorspace AI (VXV)
$9.02
9.54%
Sovryn (SOV)
$17.93
-0.77%
RedFOX Labs (RFOX)
$0.242411
-13.80%
Samoyedcoin (SAMO)
$0.120191
2.66%
Rich Quack (QUACK)
$0.000000
-3.78%
CateCoin (CATE)
$0.000010
3.33%
Band Protocol (BAND)
$8.28
7.98%
Liquity USD (LUSD)
$1.00
-0.15%
Badger DAO (BADGER)
$34.68
12.62%
Livepeer (LPT)
$13.50
-10.18%
Snowbank (SB)
$3,867.87
1.07%
Serum (SRM)
$1.10
-11.93%
Xido Finance (XIDO)
$12.11
-4.43%
Popsicle Finance (ICE)
$33.87
-7.71%
Gitcoin (GTC)
$23.64
79.82%
Taboo Token (TABOO)
$0.031889
10.27%
Proton (XPR)
$0.040012
6.89%
NKN (NKN)
$0.52
3.89%
AllianceBlock (ALBT)
$1.02
-7.55%
Olympus (OHM)
$17.01
-1.29%
BTC Standard Hashrate Token (BTCST)
$44.40
21.20%
DerivaDAO (DDX)
$12.37
143.65%
SingularityNET (AGIX)
$0.340248
4.09%
JUNO (JUNO)
$6.58
-18.56%
BitMart Token (BMX)
$0.369266
-5.06%
HUSD (HUSD)
$1.00
-0.32%
Doge Army Token (DGAT)
$0.000000
-18.42%
Aave [OLD] (LEND)
$4.10
2.91%
Stratis (STRAX)
$2.36
18.61%
Ark (ARK)
$1.98
3.33%
Celsius Network (CEL)
$0.76
-9.49%
Secret (SCRT)
$1.89
-4.92%
Somnium Space CUBEs (CUBE)
$25.12
15.26%
USDD (USDD)
$1.00
-0.03%
yearn.finance (YFI)
$8,938.97
-11.62%
iExec RLC (RLC)
$4.43
3.79%
Bitcoin Gold (BTG)
$18.07
-9.67%
OMG Network (OMG)
$2.25
-12.25%
StormX (STMX)
$0.033770
4.03%
Orchid Protocol (OXT)
$0.53
-1.32%
DODO (DODO)
$1.14
-18.35%
Electroneum (ETN)
$0.017514
-11.29%
Rocket Pool (RPL)
$19.17
-9.71%
Marinade staked SOL (MSOL)
$51.04
-13.16%
Bitkub Coin (KUB)
$3.44
-4.22%
Storj (STORJ)
$2.14
4.68%
Coin of the champions (COC)
$0.000001
25.93%
Alien Worlds (TLM)
$0.240512
-3.92%
0x (ZRX)
$0.361698
-13.89%
Counterparty (XCP)
$16.41
9.87%
sBTC (SBTC)
$61,407.00
-0.74%
Moonbeam (GLMR)
$1.11
-19.17%
PlatON Network (LAT)
$0.130219
4.39%
Venus (XVS)
$26.21
1.29%
MiL.k Alliance (MLK)
$1.37
4.65%
OpenDAO (SOS)
$0.000008
11.03%
Hoge Finance (HOGE)
$0.000701
-3.60%
Bitcoin Diamond (BCD)
$1.58
0.84%
Verge (XVG)
$0.017958
2.11%
Thoreum (THOREUM)
$0.136253
996.25%
Circuits of Value (COVAL)
$0.164809
57.61%
Mango (MNGO)
$0.290404
20.62%
Evmos (EVMOS)
$1.50
-11.64%
Ravencoin (RVN)
$0.027998
-10.17%
Bounce (AUCTION)
$40.09
11.29%
Ampleforth (AMPL)
$1.00
17.08%
EDEN (EDEN)
$3.32
-5.68%
KardiaChain (KAI)
$0.094205
7.71%
TitanSwap (TITAN)
$2.87
0.32%
Wilder World (WILD)
$3.41
-3.99%
Tokamak Network (TON)
$7.07
7.81%
Reserve Rights Token (RSR)
$0.021342
4.60%
Klima DAO (KLIMA)
$205.37
-9.03%
Ankr (ANKR)
$0.034780
-14.79%
Mdex (MDX)
$0.323660
12.53%
Tranchess (CHESS)
$7.53
163.66%
Tokemak (TOKE)
$17.11
-11.41%
Dvision Network (DVI)
$1.11
-5.63%
Radicle (RAD)
$6.83
-10.85%
Audius (AUDIO)
$0.397648
-13.98%
Metahero (HERO)
$0.053117
4.15%
Qredo (QRDO)
$7.09
-7.11%
Alpha Venture DAO (ALPHA)
$0.62
14.38%
Sign up Today!Patrioticbets Newsletter

Don’t miss out on all things stock and crypto.

%d bloggers like this: