Several crypto assets are currently priced close to mid-2017 valuations, potentially offering laggards a second chance. One important caveat, however: these assets may never reach their maximums again, or even fully increase from here. Buyers are careful and do their own research.
Litecoin (LTC) settled at a price of around $ 33 on June 11, 2017, according to a historical snapshot from CoinMarketCap. Its current price as of press time is trading slightly higher, at around $ 46, a dramatic difference from its all-time highs near $ 365.
Ethereum (ETH) held a price tag of $ 340, just $ 2 from its current print price near $ 342. Ripple’s XRP hosted a price tag of $ 0.27. Currently, the asset actually boasts a price tag of less than $ 0.23 per coin.
Zcash (ZEC), on the other hand, cost $ 331 per coin back then. The asset is currently trading near the $ 54 mark, a far cry from its former glory.
Crypto has provided a second and third chance for wealth over the years, although sometimes the second chances come in different shapes and sizes. Just because these assets are priced similar to previous years doesn’t mean those assets will ever see any price increases from here.
Decentralized finance, or DeFi, appears to be a current early adopter category in the cryptocurrency industry. Many businesses involved in the industry currently see obscenely bullish price action as participants seek high interest rates in tandem with loans and other speculative assets. This sector, however, is also quite risky and complicated. Opinions vary on the viability of the DeFi niche as a whole.