State of crypto, 1/9/26. These are the top 20 crypto currencies by market cap, ommitting USDT, DAI, and USDC, which are explicitly tethered to USD assets.
Bitcoin Down 29% from all time high
Ethereum Down 38% from all time high
BNB Down 35% from all time high
XRP Down 47% from all time high
Solana Down 54% from all time high
TRON Down 32% from all time high
Dogecoin Down 81% from all time high
Cardano Down 87% from all time high
Bitcoin Cash Down 86% from all time high
WhiteBit Down 15% from all time high
Chainlink Down 75% from all time high
Monero Down 13% from all time high
Stellar Down 76% from all time high
Sui Down 66% from all time high
Hyperliquid Down 58% from all time high
Zcash Down 81% from all time high
Litecoin Down 80% from all time high
Avalanche Down 91% from all time high
Hedera Hashgraph Down 79% from all time high
Shiba Inu Down 91% from all time high
crypto has to go down before it goes way, way up
it's the way the crypto gods test to see who is pure of heart and who is just in it for the filthy fiat riches..
Praise be the whitepaper
Stupid Crypto Talking Point #2 (Number go up)
"NuMb3r g0 Up!!!" / "Best performing asset of the decade!" / "Everyone who bought is "up" right now"
Whether the "price of crypto" goes up, has absolutely no bearing on whether it's..
a) A long term store of value
b) Holds any intrinsic value or utility
c) Or will return any value in the future
One of the most important tenets of investing is the simple principal: Past performance is not a guarantee of future returns. People in crypto seem willfully ignorant of this basic concept.
At best, the price of crypto is a function of popularity, not actual value or material utility. And this "popularity" has been waning for years. For more on how and why crypto makes a much worse investment than almost anything else, see this article.
The "price of crypto" is a heavily manipulated figure published by shady, unregulated crypto exchanges that have systematically been caught manipulating the market from then to now. A new 2025 Cornell study shows fewer than 500 people control $3.2T of artificial crypto trading!
Crypto bros love to harp about "inflation" in the fiat system, yet ironically they measure the "value" of their "fiat alternative" in fiat? It makes absolutely no sense, unless you assume they haven't thought 2 seconds ahead from what comes out of their mouths.
It's the height of hypocrisy for crypto people to champion token deflation (and increased prices) while ignoring that there's over $160+ Billion in unsecured stablecoins being used to inflate the value of their tokens in the crypto marketplace. The "code is law" and "don't trust - verify" people seem perfectly willing to take companies like Tether and Circle, at face value, that they're telling the truth about asset reserves when there's very little actual evidence, but there is lots of evidence of market manipulation.
Not Your Fiat, Not Your Value - Just because you think the "value of your crypto portfolio" is worth $$$ does not make that true. It's well known there's inadequate liquidity in this market, and most people will never be able to get their money out. So UNLESS/UNTIL you can actually liquidate your crypto for actual real money, you have no idea what you have. You're "down" until you cash out. Bernie Madoff's clients got monthly statements saying they were "making money" too.
Just because it's possible (though highly improbable) to make money speculating on crypto, this doesn't mean it's an ethical or reliable technique to amass wealth. At its core, the notion that buying and holding crypto will generate reliable returns is a de-facto ponzi scheme. It's mathematically impossible for even a stastically-significant percentage of crypto holders to have any notable ROI. The rare exception of those who might profit in this market, do so while providing cover for everything from cyber terrorism to human trafficking.
It's also not true that anybody who bought crypto when it was low is guaranteed to make a lot of money. There are thousands of ways people can lose their crypto or be defrauded along the way. And there's no guarantee just because your portfolio is "up", that you could easily cash out.
While crypto suggests itself as an alternative to "TradFi", the most respected and successful people in traditional finance who have proven track records of good investing/returns do not think crypto is a reliable store of value.
Want to see a better asset (that actually has utility) that's consistently out-performed Bitcoin? Here you go. However, this may be another best performing asset.
When crypto-critics make reference to, or mock crypto price predictions, it's not because we think price is a meaningful metric. Instead, we are amused that to you, that's all that's important, and we can't help but note how often wrong you are in your predictions. The intrinsic value of crypto basically never changes, but it is interesting to see how hype and propaganda affects the extrinsic value. In a totally logical world, those would both be equalized to zero, but we're not there yet, and nobody knows when/if that will happen because it's an irrational market.
Doing the lord’s work
It's hilarious that these are the top 20 cryptocurrencies.
True, but they are. The next 20 are much worse. A lot of them are down 95-99%.
bUt WhAt AbOuT tEsTiClE cOiN???
Forgot about that one
Only in terms of valution in filthy fiat, spiritually their value is unchanged.
Zoom out more, few understand etc.
Alphabetically, worst to less worse?
Why don't you try Flicker?
Most of Crypto is done IMO
Bitcoin will likely continue to perform
It will always be a useful thing for criminal activity, rogue states, and scammers. I think normal people will likely remain very disinterested, so the new market is young folk who are easily led, but mostly broke.
This is a problem facing "big money" as a whole, not just crypto. The lower 90% has so little money that there just isn't any juice left to squeeze, and even a "successful" scam can only harvest pocket change.
Unless you get lucky and land your dream job, the only realistic way for baby-Millennials / GenZ to become wealthy is to inherit from their parents.
Not so much with tangible investments backed by high earning assets. If apples stock price was to drop but profits continue to grow, then the dividend increases. I’m assuming a preference of people to consume rather than invest.
The wealth moves down a generation
I doubt it
I wish this list was sorted
How? They're sorted by market cap.
What trade-offs does LMGX accept in its token design?
and the US dollar is down 94% from its all times high purchasing power.
Pick your poison.
Currencies are not great investments anyway. Currencies are not to be hoarded. Keep some for a rainy day, and use the rest to buy stocks from revenue generating companies for devidends.
Luckily there are more than 2 options!
Guess what Einstein, since you all measure the value in USD, crypto also loses the same pp.
I’m not sure you full grasp the concept because if BTC goes up enough, that loss is negated. 1 BTC is and forever will be, 1 BTC.
Few understand 😂
Stupid Crypto Talking Point #18 (Few Understand)
"You don't understand" / "DYOR" / Using an insult in lieu of an argument.
Stupid Crypto Talking Point #2 (Number go up)
"NuMb3r g0 Up!!!" / "Best performing asset of the decade!" / "Everyone who bought is "up" right now"
Whether the "price of crypto" goes up, has absolutely no bearing on whether it's..
a) A long term store of value
b) Holds any intrinsic value or utility
c) Or will return any value in the future
One of the most important tenets of investing is the simple principal: Past performance is not a guarantee of future returns. People in crypto seem willfully ignorant of this basic concept.
At best, the price of crypto is a function of popularity, not actual value or material utility. And this "popularity" has been waning for years. For more on how and why crypto makes a much worse investment than almost anything else, see this article.
The "price of crypto" is a heavily manipulated figure published by shady, unregulated crypto exchanges that have systematically been caught manipulating the market from then to now. A new 2025 Cornell study shows fewer than 500 people control $3.2T of artificial crypto trading!
Crypto bros love to harp about "inflation" in the fiat system, yet ironically they measure the "value" of their "fiat alternative" in fiat? It makes absolutely no sense, unless you assume they haven't thought 2 seconds ahead from what comes out of their mouths.
It's the height of hypocrisy for crypto people to champion token deflation (and increased prices) while ignoring that there's over $160+ Billion in unsecured stablecoins being used to inflate the value of their tokens in the crypto marketplace. The "code is law" and "don't trust - verify" people seem perfectly willing to take companies like Tether and Circle, at face value, that they're telling the truth about asset reserves when there's very little actual evidence, but there is lots of evidence of market manipulation.
Not Your Fiat, Not Your Value - Just because you think the "value of your crypto portfolio" is worth $$$ does not make that true. It's well known there's inadequate liquidity in this market, and most people will never be able to get their money out. So UNLESS/UNTIL you can actually liquidate your crypto for actual real money, you have no idea what you have. You're "down" until you cash out. Bernie Madoff's clients got monthly statements saying they were "making money" too.
Just because it's possible (though highly improbable) to make money speculating on crypto, this doesn't mean it's an ethical or reliable technique to amass wealth. At its core, the notion that buying and holding crypto will generate reliable returns is a de-facto ponzi scheme. It's mathematically impossible for even a stastically-significant percentage of crypto holders to have any notable ROI. The rare exception of those who might profit in this market, do so while providing cover for everything from cyber terrorism to human trafficking.
It's also not true that anybody who bought crypto when it was low is guaranteed to make a lot of money. There are thousands of ways people can lose their crypto or be defrauded along the way. And there's no guarantee just because your portfolio is "up", that you could easily cash out.
While crypto suggests itself as an alternative to "TradFi", the most respected and successful people in traditional finance who have proven track records of good investing/returns do not think crypto is a reliable store of value.
Want to see a better asset (that actually has utility) that's consistently out-performed Bitcoin? Here you go. However, this may be another best performing asset.
When crypto-critics make reference to, or mock crypto price predictions, it's not because we think price is a meaningful metric. Instead, we are amused that to you, that's all that's important, and we can't help but note how often wrong you are in your predictions. The intrinsic value of crypto basically never changes, but it is interesting to see how hype and propaganda affects the extrinsic value. In a totally logical world, those would both be equalized to zero, but we're not there yet, and nobody knows when/if that will happen because it's an irrational market.
There's a difference you're missing. A dollar is a dollar. If I bought a dollar worth of Melania Meme on the day it came out, I'd have about one cent right now. If I just kept the dollar, I'd still have a dollar. It's also funny how the cryptos tethered to the USD are the only ones that hold any value.
How’s it any different? 1 euro will always be 1 euro. 1 yuan will always be 1 yuan. 1 Bitcoin will always be 1 Bitcoin. Listing off a random meme crypto compared to Bitcoin is like me comparing the lebanese pound to usd. The comparison is pointless, just like the layout of the post, which is a nothing burger. Zcash down 81% from ATH? Yet it’s also up +855% from only 5 months ago…. 🤷♂️
Like I said, pick your poison. I would much rather have some crypto over none, especially given the state of current world issues and economics.
You just explained why crypto is not a store of value.
Cash is for fascilitating transactuons. Inflation is largly irrelevent outaide hyper inflatuon.
Assets are for holding value and for appreciating in value.
Could have bought any stock at random and likely ouperform 99.99% of all crypto including btc in the 5 year chart now
The SP500 didn’t even beat BTC in the last 5 years… according to charts, SP500 up 85% & BTC up 172%
BTC is up 135% in the 5 year, but will be lower soon
$33k to $90k isn’t 135%…
I don’t know what to tell you, if you look at the 5 year chart in yahoo finance its 135%, it was 38.5K 5 years ago.
Well that doesn’t exactly lineup with basic math so may be time to get a new source 😅
Basic math is 38.5 x 2.35 = 90.4K, 100% is double….
Well even if you went off those numbers, it still beats the SP500 by ~50%, pretty big difference.
Stupid Crypto Talking Point #2 (Number go up)
"NuMb3r g0 Up!!!" / "Best performing asset of the decade!" / "Everyone who bought is "up" right now"
Whether the "price of crypto" goes up, has absolutely no bearing on whether it's..
a) A long term store of value
b) Holds any intrinsic value or utility
c) Or will return any value in the future
One of the most important tenets of investing is the simple principal: Past performance is not a guarantee of future returns. People in crypto seem willfully ignorant of this basic concept.
At best, the price of crypto is a function of popularity, not actual value or material utility. And this "popularity" has been waning for years. For more on how and why crypto makes a much worse investment than almost anything else, see this article.
The "price of crypto" is a heavily manipulated figure published by shady, unregulated crypto exchanges that have systematically been caught manipulating the market from then to now. A new 2025 Cornell study shows fewer than 500 people control $3.2T of artificial crypto trading!
Crypto bros love to harp about "inflation" in the fiat system, yet ironically they measure the "value" of their "fiat alternative" in fiat? It makes absolutely no sense, unless you assume they haven't thought 2 seconds ahead from what comes out of their mouths.
It's the height of hypocrisy for crypto people to champion token deflation (and increased prices) while ignoring that there's over $160+ Billion in unsecured stablecoins being used to inflate the value of their tokens in the crypto marketplace. The "code is law" and "don't trust - verify" people seem perfectly willing to take companies like Tether and Circle, at face value, that they're telling the truth about asset reserves when there's very little actual evidence, but there is lots of evidence of market manipulation.
Not Your Fiat, Not Your Value - Just because you think the "value of your crypto portfolio" is worth $$$ does not make that true. It's well known there's inadequate liquidity in this market, and most people will never be able to get their money out. So UNLESS/UNTIL you can actually liquidate your crypto for actual real money, you have no idea what you have. You're "down" until you cash out. Bernie Madoff's clients got monthly statements saying they were "making money" too.
Just because it's possible (though highly improbable) to make money speculating on crypto, this doesn't mean it's an ethical or reliable technique to amass wealth. At its core, the notion that buying and holding crypto will generate reliable returns is a de-facto ponzi scheme. It's mathematically impossible for even a stastically-significant percentage of crypto holders to have any notable ROI. The rare exception of those who might profit in this market, do so while providing cover for everything from cyber terrorism to human trafficking.
It's also not true that anybody who bought crypto when it was low is guaranteed to make a lot of money. There are thousands of ways people can lose their crypto or be defrauded along the way. And there's no guarantee just because your portfolio is "up", that you could easily cash out.
While crypto suggests itself as an alternative to "TradFi", the most respected and successful people in traditional finance who have proven track records of good investing/returns do not think crypto is a reliable store of value.
Want to see a better asset (that actually has utility) that's consistently out-performed Bitcoin? Here you go. However, this may be another best performing asset.
When crypto-critics make reference to, or mock crypto price predictions, it's not because we think price is a meaningful metric. Instead, we are amused that to you, that's all that's important, and we can't help but note how often wrong you are in your predictions. The intrinsic value of crypto basically never changes, but it is interesting to see how hype and propaganda affects the extrinsic value. In a totally logical world, those would both be equalized to zero, but we're not there yet, and nobody knows when/if that will happen because it's an irrational market.
Stupid Crypto Talking Point #17 (stocks)
"Crypto is just like the stock market!" , "Comparing crypto to stocks", "Bitcoin has an impressive 'Sharpe Ratio'"
Crypto tokens are absolutely NOT like stocks. Unlike crypto, which is just a digital abstraction, stocks represent actual ownership in real-world entities, that own assets, provide useful products and services for mainstream society, generate revenue and can pay dividends to shareholders in real money.
You don't have to sell a stock to make money from it. Many companies pay dividends of their profits, which means you can truly INvest in the company as opposed to DIvesting when you want to see a return. This is an important and fundamentally different function that crypto does not have. Many stocks create value in actual money, providing income without speculating on share price.
The value of a stock, while it can be "speculative" based on popularity and hype, also is based on the intrinsic value of the company's assets and business performance. Therefore you can perform actual research and due-diligence and come up with a practical value for the shares and the assets they represent. Crypto has no such feature.
Because companies are valued based on actual real-world assets and income, there's a limit to how low their share price could fall, at which point it would be economically viable to buy the whole company and liquidate it for a profit. Crypto has no such limitation. The inherent value of crypto tokens is based at zero because it neither creates, nor represents any minimum base, real-world value.
Unlike crypto, the stock market is heavily regulated and transparent. There are entire industries and agencies that are tasked with making sure public companies operate legitimately and legally. Crypto has no such oversight or regulations or transparency.
While there are some over-valued stocks that are hype driven, and some companies whose shares are extremely risky and speculative, and OTC and option markets that are more like gambling than investing, that's not the way the stock market system normally operates. Those highly-speculative markets and penny stocks are the exception; NOT the rule. In crypto, speculation is exclusively the rule.
Public companies are subject to great scrutiny, and must produce regular independent audits and quarterly reports on profit and loss. They can also be sued by their shareholders or even be held criminally liable if they lie about their business model, or even the risk factors their investors face. Again, there is no such function or protections in the world of crypto.
The Sharpe Ratio is another term borrowed from the stock market that does not apply to crypto for all the above reasons, as well as The Sharpe Ratio relies on the assumption that equity returns are evenly distributed - which in the stock market they are via things like dividends, but crypto has no such evenly distributed metrics by which to evaluate risk, as well as significantly more risk factors than stocks, and also that even the price of crypto is largely an unverifiable figure due to lack of transparency and regulatory oversight of most crypto exchanges and the existing evidence that the market is highly manipulated. Like most other TradFi market terms, their use doesn't properly apply to crypto "assets" and its application is misleading and deceptive.
Stupid Crypto Talking Point #3 (inflation)
"InFl4ti0n!!!" / "The dollar will eventually become worthless" / "The dollar has lost 104% of its value since 1900!" / "The government prints money out of thin air"
The "OMG iNfLaTiOn!" argument is a common one put forth by crypto bros. In addition to being fallacious (Tu Quoque, Whataboutism) it's an ignorant and shallow attempt to make people not have faith in fiat, and somehow believe bitcoin would be a reasonable alternative because it's supposedly deflationary and a better store of value. All of those premises are false.
Beyond that, crypto bros pretend there's one principal type of "inflation" and that is "monetary inflation" which by contrast makes Bitcoin's scarcity some type of reasonable alternative. In reality, there are different types of inflation. The most common one is "price inflation" which has nothing to do with how much money is in circulation. "Monetary inflation" is the least significant type of inflation in modern times, but crypto bros single out this element because it's the best scenario where they can argue their deflationary currency helps, but that's false. The causes of inflation are many, and the amount of money in circulation is one of the least significant factors in causing the prices of things to rise. More prominent inflationary causes are things like: corporate greed & price gouging, fuel prices, supply chain issues, war, environmental disasters, one-time COVID mitigations, pandemics, and even car dealerships.
The government does not "print money out of thin air"... all money in circulation is tightly regulated and regularly audited and publicly transparent. The organization that manages the money in circulation is the Federal Reserve and contrary to what crypto bros claim, they're not a private cabal - they are overseen and regulated by Congress. It's a delicate balance between money issuance and the status of the economy. And any attempt to increase debt requires an Act of Congress to increase the debt ceiling - it's neither arbitrary, nor easy to do.
Crypto bros use "cash" as an example of wealth storage, but most people do not store their wealth in fiat. Currency is meant to be spent, not hoarded. A dollar today will buy what it buys. If you hold a dollar for 90 years, of course it won't buy the same thing decades later (although it might actually be worth significantly more as antique money). Crypto creates no value and makes a lousy "investment."
If you are looking to "invest" you don't keep your value in cash/currency/fiat. You put it into something that can create value like stocks that pay dividends, real estate, interesting bearing accounts, and other personal property that allows you to be more productive (thereby creating additional value) as well as helps stimulate the economy. Crypto does none of that.
Bitcoin also hasn't proven to be a hedge against anything, least of all monetary inflation.
Some inflation is a by-product of a healthy economy: Over time more money is put in circulation - some pretend this is a bad thing, but it's not done in a vacuum. The average annual wage in 1900 was less than $4000. In 2023 it's more than $70,000! There's more people out there and the monetary supply grows appropriately, as does wages. You can't take one element of the monetary system completely out of context and ignore everything else.
Sure there may be some nations that have caused out of control inflation as a result of their monetary policy (such as Zimbabwe, Argentina, Venezuela, Sudan, etc) but comparing modern nations to third-world dictatorships is absurd. The real problems these countries face are a more complex function of poor leadership + other political/environmental factors, not monetary systems, and crypto doesn't fix any of that.
If bitcoin and crypto was an actually disruptive, stable, useful technology, you wouldn't need to promote lies and scare people over the existing system. The real reason you do this is because nobody can find any legitimate reason to use crypto in the first place.
Crypto ironically has more inflation in its ecosystem that is even more out of control, than in any traditional fiat system. At least with the US Dollar, money is accounted for and fully audited and it takes an Act of Congress to increase the debt. In crypto, all it takes is a dude printing USDT, USDC, BUSD or any of the other unsecured stablecoins to just print more out of thin air, and crypto-morons assume they're worth $1 of value.