Crypto Investors Suffer Devastating Losses as Internet Computer Collapses
A recent study by Taurex has revealed staggering losses for investors in popular cryptocurrencies. The platform analyzed price drops across 60 widely traded assets and found that nearly every major altcoin from the last bull run is now sitting far below its former glory.
The Internet Computer (ICP) stood out as the single biggest wealth destroyer, having shed a whopping 99.69% of its value since peaking at $700.7 in May 2021. Filecoin and Polkadot followed closely behind with losses of 99.67% and 98.46%, respectively.
According to Taurex's analyst, the real challenge facing crypto investors is not knowing when to buy, but rather knowing when to walk away from a losing position. The expert emphasized the importance of setting a predefined loss limit before buying and selling immediately when that limit is reached.