Down 45% Or More This Year, Are Any of These Once-Popular Altcoins Worth Buying?
Yahoo Finance ·
This year's crypto market sell-off has been violent and widespread, sparing few cryptocurrencies. With only a few exceptions, almost every top cryptocurrency with a market cap over $1 billion is down big for the year. If you're willing to dig through the crypto bargain basement bin, though, that could present a unique buying opportunity. Some of the most popular altcoins of the past five years are selling at truly discounted prices. But are any of them actually worth buying? The obvious place to search for value is amid the wreckage of the Layer-1 blockchain networks , all of which skyrocketed to eye-popping gains in the previous crypto bull market rally. Due to their smart contract functionality , these Layer-1 blockchains have historically been the building blocks for everything that gets built in the crypto and blockchain world. In turn, that has justified their lofty valuations in the past.
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