Some cryptocurrencies have retraced from their highs, back to prices seen several years ago.
Several crypto assets are currently priced near their mid-2017 valuations, potentially offering a second chance to latecomers. One major caveat, however — these assets may never reach their highs again, or even rise at all from here. Buyers beware and do your own research.
Litecoin (LTC) sat at a price of around $33 on June 11, 2017, according to a historical snapshot from CoinMarketCap. Its current press time price trades slightly higher, at around $46 — a dramatic difference from its all-time highs near $365.
Ethereum (ETH) held a price of $340, just $2 away from its current press time price near $342. Ripple’s XRP hosted a $0.27 price tag. Currently, the asset actually boasts a lesser price at $0.23 per coin.
Zcash (ZEC), on the other hand, cost $331 per coin back then. The asset currently trades near the $54 mark, a far cry from its former glory.
Crypto has provided second and third chances at wealth through the years, although second chances sometimes come in different shapes and sizes. Just because these assets carry prices similar to years prior, it does not mean that those assets will ever see any price increase from here whatsoever.
Decentralized finance, or DeFi, appears to be a current early adopter category within the crypto industry. Many assets involved in the sector presently see obscenely bullish price action while participants seek high interest rates in tandem with loans and other speculatory activities. This sector, however, is also quite risky and complicated. Opinions vary on the viability of the DeFi niche as a whole.
