Shocking Fall In Cryptocurrency Prices Within a Year

Many cryptocurrencies attained the ATH in November 2021.

DOGE and SHIB have moved down one decimal value.

The crypto scenario has turned upside in a year’s gap. Last autumn was 180 degrees opposite of this year’s autumn in the crypto world. Many of the cryptocurrencies attained their All Time High (ATH) during the month of November 2021. But now the same coins have slipped 50% below.

CoinGecko has mentioned the prices of major cryptos precisely on Thanksgiving day in the year 2021.

Prices of the top 10 #crypto last Thanksgiving #Bitcoin – $57,748#Ethereum – $4,355#BNB – $593#XRP – $1.07#Dogecoin – $0.226#Cardano – $1.75#Polygon – $1.76#Polkadot – $40.89#Litecoin – $217#ShibaInu – $0.00004157

— CoinGecko (@coingecko) November 24, 2022

The market leader, Bitcoin (BTC) hit the 2-year low on 22nd November, by securing the $15,649 price value. Whereas, Ethereum (ETH) is now trading in the $2K price range. The meme coins are also not been spared during this crypto crash. DogeCoin (DOGE) and Shiba Inu (SHIB) have moved down one decimal value.

The reason for the series of catastrophic events all over the year is many, starting off with the popular stablecoin crash, tightening of government regulations, environmental challenges for operation, and at times the technical drawbacks.

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Written by Pavithra

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