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Crypto Winter 2018: The winter that selected the survivors
After the 2017 boom, the crypto market lost 84% in one year — and most 2017 ICOs went to zero
M
MarketPedia Editorial
9 min read·January 10, 2024
In 2018, Bitcoin lost 84% of its value. Ethereum lost 94%. Thousands of 2017 ICOs went to zero. Only projects with real fundamentals survived.
The January 2018 peak
At the beginning of January 2018, the total crypto market capitalization reached 830 billion dollars. Bitcoin was at 19,000 dollars, Ethereum at 1,400.
The crash and the ICO graveyard
From January 7, 2018, the market did not stop until December 2018. Bitcoin fell to 3,200 dollars (-84%). Over 90% of 2017 ICOs lost 99%+ of their value by 2019.
Lessons
- Bear markets separate real projects from simulacra.
- Euphoria produces supply excesses.
- Surviving a crypto bear market requires a focus on fundamentals.
# Crypto# Bitcoin# 2018# Bear Market# ICO# Ethereum