2017 was a great year in the blockchain space.

2018 was…less so.

Though the last twelve months had good news, too, many of us are grateful that the Year of Our Lord Two Thousand and Eighteen is finally over. Let’s take a less-than-fond look back at some of the reasons why we should thank Christ, Buddha, the Flying Spaghetti Monster or whatever your preferred deity/deities is/are that we get a fresh start on Jan. 1.

Price action

It’s been a blood bath out there.

ICX is currently at USD 0.21713, down 98.35% percent from its all time high of USD 13.165 eleven months ago. And ICON is by no means alone. Of the top 50 cryptocurrencies by market cap, 32 were down over 90 percent from their all time highs. In fact, only four suffered drops of less than 60 percent. Even Bitcoin was down over 80 percent from its high just one year ago.

But hey, it wasn’t all bad. If you bought ICX at the ICO, you’re still making a return on your investment. And as Rachel McIntosh explains in a very good analysis piece at Finance Magnates, 2019 might usher in a “more stable, more dependable” altcoin market for a variety of reasons, including last year’s exodus of speculative traders.

Moreover, as bad as the price action has been, token price is but a small part of the blockchain story. Ultimately, blockchain is about the technology and what it could eventually deliver. “What’s really important to note is we’re talking about the next generation of financial infrastructure. Technological progress takes time,” said Christine Moy, the blockchain program head at JP Morgan Chase, at Fortune’s recent Most Powerful Women Next Gen summit. “To look at a daily price of crypto is kind of a red herring. In reality, the value is what the technology rails can provide over time.”

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