How much did the top 10 cryptocurrencies drop during January 2018 crash?

January 2018 crypto crash

January 2018 saw many reports of a significant cryptocurrency market ‘crash’. So just how much did the top 10 cryptocurrencies drop during January 2018? See below for the January 1st value, the value on January 31st and the drop (or several cases the gain!).

  1. Bitcoin (BTC)
    • Jan 1st  = 14112 USD
    • Jan 31st = 10108 USD
    • Drop = 28%
  2. Ethereum (ETH)
    • Jan 1st  = 755 USD
    • Jan 31st = 1071 USD
    • Gain = 42%
  3. Ripple (XRP)
    • Jan 1st  = 2.30USD
    • Jan 31st = 1.13 USD
    • Drop = 51%
  4. Bitcoin Cash (BCH)
    • Jan 1st  = 2534USD
    • Jan 31st = 1470USD
    • Drop = 42%
  5. Cardano (ADA)
    • Jan 1st  = 0.72 USD
    • Jan 31st = 0.53 USD
    • Drop = 26%
  6. NEO (NEO)
    • Jan 1st  = 76 USD
    • Jan 31st = 145 USD
    • Gain = 91%
  7. Litecoin (LTC)
    • Jan 1st  = 231 USD
    • Jan 31st = 165 USD
    • Drop = 29%
  8. Stellar (XLM)
    • Jan 1st  = 0.36 USD
    • Jan 31st = 0.49 USD
    • Gain = 36%
  9. EOS (EOS)
    • Jan 1st  = 8.77 USD
    • Jan 31st = 11.46 USD
    • Gain = 31%
  10. NEM (NEM)
    • Jan 1st  = 1.04 USD
    • Jan 31st = 0.79 USD
    • Drop = 24%

Analysis

So actually out of the 10 cryptocurrencies, 6 suffered a drop (which in several cases was fairly high), whilst 4 actually had gains – namely Ethereum, NEO, Stellar and EOS. it is interesting that 4 had gains and NEO in particular had the largest gain out of the top 10. It is likely to be an indicator that Ethereum, NEO, Stellar and EOS are some of the more stable currencies and their future may well be better than some of the others. It should be noted that for many cryptocurrencies they had a peak around mid-January and that in the first week of February 2018 almost of the top cryptocurrencies dropped further.