Risk Asset Pulse (@risk_asset_pulse)
Old crypto leaders show how brutal cycles can get
Remember when ADA, ICP, BCH, and FIL were among the biggest names in crypto?
ADA was once the third-largest crypto at roughly 101 billion dollars and is now down around 95 percent from that peak.
ICP was once the fourth-largest at roughly 50 billion dollars and is now down around 99 percent.
BCH and FIL also show the same lesson: in crypto, being a top coin in one cycle does not guarantee survival in the next one.
Narratives rotate. Liquidity moves. The leaderboard does not stay loyal.