Crypto Cycles: The Three Greatest 'Value Drain' Eras

Historical look at periods where capital abandoned the broader market to consolidate into a single dominant asset, creating lasting impacts on project survival.

The top 3

  1. The 2017 Altcoin Reckoning: Following the 2017 peak, 80% of launched ICO tokens lost more than 95% of their value against Bitcoin within two years.
  2. The 2022 Deleveraging Crisis: The collapse of major entities triggered a massive exodus from tokens, with Bitcoin dominance climbing from 40% to over 55% in under 18 months.
  3. The Current 'Quality Consolidation' Phase: Characterized by the lowest survival rate for new small-cap projects in history, as capital ignores speculative utility for digital scarcity.

Sources

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