ETH, XRP, LTC Prices Crash 10 Percent, LINK Among Worst Performers in Top 100. Are There Any Winners?

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On March 12, the prices of Ethereum (ETH) and Litecoin (LTC) cratered by 13 percent and 11 percent respectively with XRP also experiencing close to a double-digit drop.

Meanwhile, Chainlink (LINK) is leading the loserboard with a whopping 21 percent plunge. It is currently trading at $3.16, which is its lowest level since the beginning of February.

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LINK and MATIC are among the biggest losers

The rapid decline of LINK is quite remarkable given that it’s now one of the worst-performing cryptocurrencies of the top 100. It’s only lagging behind Blockstack (STX) and Matic (MATIC), which are both down more than 26 percent, and several other medium-cap altcoins.

top altcoins

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Of course, there is nothing shocking about such price drops. To put this into perspective, the price of Matic (MTC) flash-crashed by nearly 70 percent in no time on Dec. 10.

When the entire U.S. stock market is trading like a volatile cryptocurrency, altcoins losing more than 20 percent of their value overnight seems even more casual.

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Looking for a safe haven

Bitcoin (BTC), which has just dropped to a new intraday low of $7,467, is behaving like a typical risk-on asset but its six percent drop still looks relatively mild compared to some of the aforementioned altcoins.

Meanwhile, if you are looking for a safe haven in crypto, Bitfinex’s LEO token, the only major cryptocurrency that has stayed in the green, might be your best bet. The same…

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