When Crypto Is More Than Just a Cycle – A Test of Time and Trust
In previous cycles, a coin dropping 70–80% from its peak was XEM “normal.” But the current cycle has gone much further than that.
Below are 10 cryptocurrencies in the Top 100 by market capitalization that are furthest from their all-time highs (ATHs ) — with declines ranging from 93% to nearly 100% . This isn't just about price; it's a harsh test of patterns, narratives, and expectations .
1. ICP – Drops 99.6%: The Collapse of a “Decentralized Internet Dream”
Current price: $2.66
ATH: $700
ICP is one of the most iconic crashes in crypto history. Not because of poor technology — but because expectations were pushed to unrealistic levels from day one . From being an “Internet Computer” replacing traditional cloud computing, ICP became a prime example of how large narratives couldn't compensate for flawed Token distribution and valuation.
2. DOT – Down 97.2%: When Infrastructure Is No Longer a Sexy Story
Current price: $1.53
ATH: $54.98
Polkadot was once XEM an "Ethereum killer" in the multi- chain infrastructure sector. But as the market entered a new phase, investors no longer paid a premium for a long-term vision lacking clear cash flow . DOT didn't die—but it was forgotten . And in crypto, being forgotten is sometimes worse than collapse.
3. ALGO – 97.1% Off: Good Technology Doesn't Guarantee a Good Price
Current price: $0.10
ATH: $3.56
Algorand is a classic example of a paradox: strong technology, a good team, but tokenomics that destroy investor value. A constant supply, lack of natural demand, and a weak narrative make ALGO a victim of its own design.
4. WLD – Down 96.6%: When Ideas Are Too Far Ahead of the Market
Current price: $0.4038
ATH: $11.75
Worldcoin has big ambitions: global identity + AI.
But the current crypto market isn't ready to pay a high price for an idea that's still highly controversial from an ethical and legal standpoint . WLD is under pressure not only from price but also from public trust.
5. ATOM – Down 95.6%: A “Hub” That Failed to Retain Value
Current price: $1.96
ATH: $44.45
Cosmos is the foundation of numerous blockchains — but the ATOM Token failed to capture enough value from that ecosystem . This is a key lesson: Just because a Token is a tech hub doesn't mean it's a money hub.
6. PI – Down 94.7%: When Public Expectations Meet Liquidation
Current price: $0.1583
ATH: $2.99
PI was once a global phenomenon. But there's a huge gap between the expectation of "coin for everyone" and market reality. Liquidation, practical applications, and market confidence are things PI has yet to prove .
7. TRUMP – Down 94.2%: Meme Aren't Always a Lifesaver
Current price: $4.23
ATH: $73.43
TRUMP showed that meme coins can explode quickly — but not every narrative can survive the test of time . When the story cools down, the price usually cools down even faster.
8. ETC – Down 94.2%: Heritage Does Not Mean a Future
Current price: $9.71
ATH: $167
Ethereum Classic survives thanks to its history — but the market pays for the future , not the past. In a world where innovation happens so fast, "conservatism" is no longer an advantage.
9. NEAR – Down 94.2%: When L1 Becomes a Survival Game
Current price: $1.19
ATH: $20.44
NEAR used to be highly regarded for its user experience. But the current L1 battle isn't just about UX—it's about attracting new funding, developers, and narratives . No one is eliminated for being weak—but for not being different enough .
10. APT – Down 93.7%: The Web2 Successor and the Collision with the Real Market
Current price: $1.26
ATH: $19.92
Aptos started with strong backing and high expectations. But like many projects, those initial expectations outpaced the actual rollout . In a bear market, confidence isn't enough— cash flow is what really matters .
