LINK - 2 Cryptocurrencies That Are Down 70% and Ready to Pop
2023-12-17 06:30:00 ET
In 2023, not a single top cryptocurrency is in the red. In fact, quite the contrary. Many top cryptocurrencies are up triple-digit percentages for the year. For example, Bitcoin (CRYPTO: BTC) is up more than 107%, while Solana (CRYPTO: SOL) is up more than 650%.
That's the good news. The bad news is that, even with remarkable rallies this year, many top cryptocurrencies are still down 70% or more from their all-time highs from just two years ago. Two bargain-priced cryptos that particularly stand out right now are Avalanche (CRYPTO: AVAX) and Chainlink (CRYPTO: LINK) .
During the last crypto bull market rally, Avalanche soared to a high of $146. Given today's price of just $40, that means Avalanche is trading more than 70% below its peak.
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2 Cryptocurrencies That Are Down 70% and Ready to Pop