Almost all major cryptocurrencies are trading at half their historical peaks, and about 40% of them are trading at 90% below their record highs.
While Bitcoin has fallen by about half from its peak price, most other major cryptocurrencies are also experiencing one of the deepest corrections in their history. Many projects that were recently growth leaders have now lost much of their value.
Here is a selection of the cryptocurrencies that have fallen the most in price from the list of the 100 largest by capitalization, based on their decline from record highs. The data is taken from the Cryptorank list as of February 25. At the time of writing, Bitcoin has fallen by approximately 48% from its peak of $126,200 reached in October 2025. The price of Ethereum (ETH) has fallen by approximately 61% from its peak of $4,956 in August last year.
Overall statistics indicate that more than 90% of the top 100 projects have seen their prices fall by more than 50% from their record highs. In fact, the entire sample, with the exception of a few crypto assets and stablecoins, is in deep correction. Almost 80% of the projects in the ranking have fallen more than 70% from their historical highs. About 40% of all coins in the top 100 are trading below 90% of their peak.
In early 2026, some of these coins experienced noticeable growth spikes, with prices rising by tens of percent in a short period of time. But this was more of a rebound from low levels, which then faded away. Prices did not even come close to previous highs, especially those reached in the 2021 bull cycle.
Filecoin (FIL)
A fall of 99.6% from its peak of $235.59
The decentralized Filecoin network allows users to rent out free disk space, providing an alternative to cloud storage. Its FIL token is used both to pay those who provide resources and as collateral for the ability to provide them. At launch, this was considered a revolutionary concept, as it offered an alternative to traditional cloud services and an attempt to create a global data storage market without centralized intermediaries.
The project raised over $200 million during its ICO (similar to an IPO) and was considered one of the most anticipated launches in the history of the crypto market. But the revolution in decentralized data storage that the Filecoin project proposed, challenging Amazon AWS and Google Cloud, did not happen.
The project was a classic example of overestimating market expectations. The network faced a mass exodus of miners (storage miners) who offered their infrastructure for storage. The mass exodus of miners coincided with a drop in the price of FIL. And renting a server, for example from Amazon, became cheaper than using Filecoin's decentralized storage.
As a result, the project has been stuck in a vicious circle for years. The price of the token is falling with virtually no corrections, and Filecoin's capacity rental remains higher than that of its centralized competitors.
Internet Computer (ICP)
Falling 99.5% from its peak of $461.1
The ICP cryptocurrency began trading in mid-2021. The project, which was called the “Ethereum killer” and almost a revolution in crypto technology, burst into the top 100 with a capitalization of under $20 billion. The technology did not live up to its capitalization at the start of trading, and prices have been falling almost continuously since 2021.
One of the main problems turned out to be the token's economic model, with early investors and insiders dumping coins received in seed rounds for years. The project is still actively traded on exchanges, but user activity at the blockchain level remains extremely low: for example, the number of active network users per month does not exceed 5,000.
Algorand (ALGO)
98.2% drop from its peak of $4.71
The Algorand blockchain network was founded by Massachusetts Institute of Technology (MIT) professor Silvio Micali, winner of the Turing Award (the equivalent of the Nobel Prize for programmers). The project was positioned as the ideal balance between speed, security, and decentralization and was considered “academic.”
Despite the high-profile name of its founder and dozens of partnerships with leading companies in the industry (such as Circle, the issuer of USDC), Algorand has failed to create an ecosystem of popular applications. At the blockchain level, the project receives less than $10,000 per month in user fees, which indicates extremely low interest in using the network.
Dash (DASH)
A 97.9% drop from its peak of $1,642
Dash, one of the market pioneers, was among the top 10 largest cryptocurrencies in 2017 and was considered one of the main alternatives to Bitcoin. The project initially chose to position itself as a network for everyday payments, providing anonymity features. But with the development of smart contract technologies and the popularization of blockchains such as Ethereum in 2017 and Solana in 2021, the project was essentially forgotten.
In 2025, the project gained new momentum due to the promotion of technologies related to payment anonymity and data privacy in blockchains.
This coincided with the rise in the price of DASH to a local peak of around $150 in November 2025. However, since then, the price has fallen to the current $33.
Polkadot (DOT)
97.6% drop from its peak of $54.84
Polkadot is a project by Ethereum co-founder Gavin Wood, who laid the foundation for many fundamental technologies in the Ethereum ecosystem. The initial hype surrounding the project, which was billed as the internet for all blockchains, was replaced by scandals surrounding its management.
For example, in 2024, the community examined the financial statements and found that expenses for the first six months amounted to $86 million, of which $37 million was spent on marketing without any positive effect on the project.
The co-founder of the Manta Network blockchain, which originally ran on Polkadot, Victor Dzi openly called the project worthless and not user-oriented.
His words can be confirmed by actual data. According to the Polkadot blockchain observer, in recent weeks the network has been producing virtually empty blocks with only a few transactions per day.
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