Crypto crash: Top 10 coins nose-dive an average 24.64% in a day

As the world of cryptocurrency continues to unfold, sudden price fluctuations have taken investors on quite a roller coaster ride.

In 2017, cryptocurrency main players like Stellar Lumens (XLM), Ethereum (ETH), Ripple (XRP) and bitcoin (BTC) appeared to rocket upward in value, showing no signs of slowing down. Fast-forward to 16 January 2018 — that's the day cryptocurrency crashed, dramatically changing its value perspective in one day.

We've analysed the top 10 cryptocurrencies by market cap, reviewing their movements over the past 5 years.

Value changes of the top 10 cryptocurrencies from January 15 to 16 2018

CryptocurrencyPercentage change from January 15 to 16Price per coin as of January 16 (USD)
NEM (XEM)-31.84%US$0.95
IOTA (MIOTA)-29.31%US$2.46
Ripple (XRP)-28.57%US$1.20
Stellar (XLM)-28.39%US$0.43
Bitcoin Cash (BCH)-26.45%US$1,766.35
NEO (NEO)-24.16%US$142.14
Cardano (ADA)-21.80%US$0.60883
Litecoin (LTC)-19.28%US$187.90
Ethereum (ETH)-19.22%US$1,043.66
Bitcoin (BTC)-17.37%US$11,418.70
Average total change-24.64%

Source: finder.com.au, CoinMarketCap

Of the top 100 cryp, NEM slid 31.84% to US$0.95 the following day, January 16, resulting in the largest dip it's seen since launching 31 March 2015. IOTA took its third-biggest nosedive in 24 hours since it was created on 11 June 2016, falling by 29.31% to a value of US$2.46.

The virtual money market continues to prove its unpredictability, prone to turning on a dime. When considering a speculative investment like cryptocurrency, weigh the pros and cons before investing your real money. Research the market while remembering that past performance doesn't necessarily reflect future movement.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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