Which coin is suffering the most in the ongoing bearish run??

[sincerem]

You've seen how the market looks like at the moment. The ongoing bear market is rocking, its been over 40 days since the news of Chinese dumping crypto mining activities, which have cracked down the market and made coins to be on free fall.

In the last three days the coins have shown worst signs, even sinking deeper from the previous lows it experienced. For instance, BTC climbed from $40,000 in the last seven days, and we thought its the turning point for continuous price surge to the top. But inadvertently it crashed down, currently at $32,000.

Other coins like ETH have followed suit crashing down from $2,200 to $1,900 at the moment. DOGE is $0.20, XRP price is at $0.65, and BNB is at $298, BCH at $481. Other coins are experiencing downtime, apart from the stable coins.

If you've been following the market up since the bearish run started, which coin do you think is deeply affected??

 

[arunima25]

It's been more than a year of this bearish run and still there is no sign of improvement. It might be the longest run of bearish phase in crypto market so far ( at least that's what I am made to feel from the news that I get). Some countries have come forward to accept and legalise the cryptocurrency. But still not much is seen there. And in most of the countries the future of crypto still hangs in the air. And that can be discouraging.
Elon Musk s decision to no more invest in Bitcoin came last year and that's supposed to be one of the major factors to bring down the crypto market. Not sure if Elon Musk would be interested in investing in it again. He is a big time influencer and his action to do so might bring some sudden change. Market might show an improvement.

 

[roseberry]

I think doge coin is most affected crypto, this happened while the other cryptocurrencies were dropping and people thought that the move will be much higher.

 

[Peninsula]

During the bearish run, bitcoin, in my opinion, has had the greatest impact on the market. Mainly due to the fact that it was the first cryptocurrency ever created and is currently the most used.

 

[Allen42]

I really cannot say which crypto coin is much affected because the present bearish run is affecting many crypto coins. The price fluctuation has no pattern that any coin can lose big today but it can recover slightly tomorrow. Maybe with no pattern of trend is the reason why the bear stays and the bull is far away.

yes exactly price fluctuation has no pattern. Still we need a bit bullish run and then see if it's settled.

 

[arunima25]

The price fluctuations have no trend and pattern. So, nothing can be predicted about the future with surety. Crypto market is an unregulated market. So, it's very obvious that we will not see any trend and pattern like in other markets which more or less fall under financial regulations and so, a pattern can be predicted.
Also, every market depends a lot on sentiments. But when it comes to cryptos, it's totally dependent on speculations. That makes it the most risky asset.
All coins have shown a downtrend for more than almost an year. Somewhere in between some did show some sign of recovery. But that was too short and so no high hopes could be built around this short term positive fluctuations.
Bitcoin has been the oldest crypto. In fact many take Bitcoin as the synonym for cryptocurrency. Being the oldest and the most popular one, it's the most talked about and in news about crypto market. It also has the maximum number of investors and players. So, the bearish phase would have impacted it hugely.

 

[BinarySumo]

Bitcoin has been impacted the most. In general, I think all coins have been impacted. Let’s hope the next year turns out to better.

 

[Proxy-Sale]

Very disappointing for the Dogecoin, its owners have clearly experienced a number of difficulties, but there is a prediction that it may grow in the next year and gain some positions.

 

[Shaf]

Altcoins are the receiving end of the worst effects of any bear market, and it's worse if the project is not well developed or has a team that slacks.

While Bitcoin is down only about 75% from it's all time high, some altcoins are down more than 90%. This is because most people simply trade crypto to increase their Satoshis, and a bear market like this makes them to convert all altcoins they hold to Bitcoin to preserve their capital.

This bear market, we have seen a number of major projects collapse completely like Luna, Celcius and FTX. These projects have a lot of connection to smaller projects which can cause them to become bankrupt. The worst so far is that of FTX and it's sister company, Alameda research.

Crypto gurus would advise always to avoid most altcoins in a bear market, as most of them will go to zero, or never go back to the point you bought them ever.

 

[Protension]

It's difficult to say which coin is suffering the most from the current bearish trend. Almost every coin is being impacted by the bearish market condition.