



It’s probably fair to say that most crypto investors miss the bull run of late 2017. It brought many crypto tokens to their all-time high (ATH) price points. But no token can stay at its all-time high forever, which begs the question: which tokens have fallen the most? Which tokens are still comparatively close to their ATH?





To find out, we pulled data from OnChainFX for the top 50 crypto tokens by “Real” trading volume, which only includes trading volume from the ten crypto exchanges that appear to report trade volumes honestly. Then, we sorted that list by the percentage each token had dropped from its ATH price as of June 11.

















The results, as evident in the above chart, vary quite a bit, although the vast majority of the top tokens have fallen over 50%. This shouldn’t come as much of a surprise given the lofty heights tokens reached during the 2017 bull run. But it’s notable that some of the oldest tokens, like Bitcoin and Litecoin, have remained closer to their ATH.





The worst-performing project on the list is ETHLend. ETHLend offers a fully decentralized peer-to-peer lending smart contract which runs on the Ethereum blockchain and uses digital tokens as collateral. During the 2017 bull run, ETHLend was super hyped in the market because lots of people who participated in all kinds of ICOs were running out of ETH. People were looking for ways to get more ETH, and ETHLend could solve that problem. But since those heady days the demand for ETH loans has plummeted, and consequently so has ETHLend’s price.





Of the tokens still within 50% of their ATH, several (Holo, Bitcoin SV, Ravencoin) are there because they were created after the 2017 bull run and subsequent crash. They didn’t rise to the heights of the tokens that were around during that time, so they didn’t have as far to fall.





Two exceptional cases are Chainlink and Binance Coin, both of which existed during the 2017 bull run and followed the same price trends as other tokens during that time. But within the past month, both tokens have seen a renaissance, hitting recent all-time highs that they have yet to fall significantly from.





We’ve written about why this is the case for Binance Coin. It’s not as clear why Chainlink (LINK) has seen such a surge, but it seems the token has been propelled by news about the launch of its mainnet. It may also have been helped somewhat by an accidental trade in which one unfortunate trader reportedly ordered a huge amount of LINK on Binance all at once, driving the price up temporarily.



