Coins That Survived the Previous Bear Market: Will History Repeat Itself in the Next Cycle?

In this article, I will talk about five cryptocurrencies that not only survived the previous series of downtrends and bear markets but also had outstanding performances during the last bull market. In particular, we will go back to January 14, 2015, when bitcoin fell to a low of $171.51 and compare the coins from this date for to their last all-time highs.  Why did I choose January 14th, 2015? That date marked the end of the bear market and signaled a major pivot in favor of the bulls. From that moment, the following five cryptocurrencies outperformed the market through 2017.

1. XRP

In 2015, Ripple’s XRP occupied the second spot in the crypto market rankings with a price of $0.014 and a market capitalization of $462 million.

During last bull run, XRP achieved an all-time high of $3.40 for a return of 242x from 2015. Currently, it is traded at $0.319439, which is 90% from its all-time high.

2. Litecoin (LTC)

The brainchild of Charlie Lee firmly held third spot in the crypto market rankings in 2015, and 1 LTC could be purchased for $1.45 (0.00695 BTC) with a market cap of $51 million (a huge gap in the capitalization in comparison with XRP).

During last bull run, LTC achieved an all-time high of of $360 for a return of 248x from 2015.

Currently, it is traded at $31.56, which is around 92% from its all-time high.

 

3. Stellar (XLM)

XLM is also a popular coin, which has survived many of its peers. On 14/01/2015, the price for 1 XLM was $0.004 with a market cap of $14 million.

During last bull run, XLM achieved an all-time high of $0.875563 for a return of 219x from 2015.

Currently, it is traded at $0.081758, which is around 90.67% from its all-time high.

 

4. Dogecoin (DOGE)

This meme coin entered the top 10 on CoinMarketCap in 2015, where it traded at $0.000130 with a market capitalization of $12.6 million.

During last bull run, DOGE achieved an all-time high of $0.01758609, which was around 134x return from 2015.

Currently, it is traded at $0.00208221, which is around 88% from its all-time high.

 

5. Dash (DASH)

In 2015, the amount of Dash coins required to do a master node in dollar equivalent terms cost much less than a “kidney”.  If rumors were true, it was the primary coin for drug trading. The coin was trading at $1.25 (0.006 BTC) with a market capitalization of just $6.3 million on 14th of January.

During last bull run, Dash has achieved an all-time high of $1,493.59, which was a 1,200x return from 2015.

Currently, it is traded at $70.98, which is 95% from its record high.

 

Common Denominators

What we can see if we look at these coins:

  1. All coins had a massive increase in value during 2017 from 2015 (average of 220 times);
  2. Coins had pretty compatible places in Coin market cap during 2015, 2017 and now; and
  3. Coins dropped from all-time highs in a fairly similar percentage (average 90%).

We do not know if the story will repeat itself. The length of the consolidation phase and timing of the bull run are subject to heavy speculation. However, if one follows their investment strategy and plan, then the market will present an opportunity for reward.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Author:
Vladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.