Zombies not welcome: Original altcoins lose ground to DeFi newcomers

Data by crypto analytics firm Messari shows that many of the projects once favored by the market are still far from their all-time high. Matt Casto, an analyst at CMT Digital, tweeted a compilation of 410 crypto assets that hit their all-time high in 2017 or later, which showed an average loss of 65.71% for all the projects combined.

Out of the 410 assets analyzed, 157 hit their all-time high in 2018, having lost since then an average of 90.71% in value. A further 67 assets hit their all-time high in 2019 and have since lost 73.33%. In contrast, projects that have hit their all-time high in 2021 have only shed 13.82% of their value.