price of dogecoin; Shiba Inu and bitcoin cash

The price performance of the known altcoins, specifically Dogecoin, Shiba Inu, and Bitcoin cash, has been markedly totally different

In all 3 cases, they rose throughout the bull run of 2021 and fell throughout the market of 2022, however in different ways.

Analysis of the value trend of Dogecoin, Shiba Inu, and Bitcoin cash

Dogecoin (DOGE)

Shiba Inu (SHIB)

Bitcoin money (BCH)

To match the trend, it's convenient to require as a reference the trend of Ethereum, the most altcoin that benchmarks the complete altcoin world.

In October 2020, before the 2021 bull run began, the price of ETH was concerning $380. the present value is $1,300, so net of the 2021 speculative bubble, it's full-grown by almost 3 and a half times.

It peaked in November 2021 at $4,878, or virtually 13 times the starting value. In different words, it 1st did +1.180%, so -73%, eventually closing with a net +240%.

Currently, the price of ETH is precisely 73% below the all-time high.

To add to this, the new all-time high was 248% over the high of the previous cycle, created in January 2018.

Dogecoin (DOGE)

The price trend of Dogecoin (DOGE) has been similar in some ways, however with slightly different temporal order. It was characterized by a speculative super-bubble that lasted solely 3 months from Apr to May 2021.

In October 2020 it was concerning $0.0025, however, rather than exploding as early as early January 2021, like ETH, it created its 1st pump in late January. It then made a second pump in February, rising to $0.0800, a jump of 3.100%.

During the same period, the value of ETH had been up 400%, thus already between late January and early February Dogecoin had greatly outperformed Ethereum.

In mid-April, it created its second pump, the one generated by Elon Musk’s words. Within six days it rose to $0.4000, so sprang to $0.7300 on 8 May, the day of Elon Musk’s look on Saturday Night Live as “Dogefather.”

By that point, compared to October 2020, the price had up by an incredible +29,000%, creating more than evidence that a large speculative bubble had formed.

This bubble burst successive days, so by the tip of July 2021, the value was back to $0.17. when a quick rise to $0.34, a new descent began that brought it over the months to the current $0.06.

In different words, when the unbelievable +29,000% it created a -91% that withal failed to erode all its value. On the contrary, the present value is still 2,300% over the starting value in October 2020.

Compared to Ethereum thus it's up way more, and earlier, so fallen way more afterward. However, compared to October 2020, it's gained much more.

It is additionally value mentioning that the height of the previous cycle in January 2018 was $0.0120, therefore the new peak was 5,900% over the previous one.

It is possible to mention that the price performance of doge throughout the bull run of 2021 was higher than that of ETH, though now Dogecoin seems to be 91% below the all-time high.

The big distinction was exactly the publicity made by Elon Musk between Apr and may 2021, while not that the performance would still have been positive, but not resoundingly excessive.

Shiba Inu (SHIB)

A somewhat similar trend was intimated by Shiba Inu (SHIB).

Indeed, in October 2020 its price was negligible, virtually every day, but a billionth of a dollar. SHIB was solely born in August 2020, whereas Dogecoin dates back to 2013 and Ethereum to 2015.

It is not convenient to require the value in October 2020 as a reference, as a result at that point SHIB was hardly traded within the markets.

Its value began to be relevant only in Apr 2021, that was even as the speculative super-bubble on justice started. On 20 Apr 2021, it exceeded 0.003 thousandths of a dollar for the primary time.

It continued to follow the doge bubble, to the purpose that it may reach 0.030 thousandths, an improbable +900% in less than a month.

But then, because the value of Dogecoin began its slow descent, SHIB began to follow the opposite altcoins dragged down by Ethereum, and by the end of October 2021, it had up to 0.086 thousandths of a dollar. At that time, it had created +2,700% since Apr.

Compared to pre-April costs, the percentage increase is over one million percent, however, it extremely makes very little sense to require that into account for comparisons.

Since the end of October 2021, it's then lost 88% which is less than Dogecoin. However, the present value of $0.010 is 230% over in Apr 2021.

It is worth noting that this percentage is incredibly almost like the +240% created by ETH from October 2020 to this, and though we tend to use the Apr 2021 value as a start line for SHIB, it's in all probability no coincidence that these two percentages are so close.

However, whereas ETH has lost “only” 73% since the highs, SHIB’s -88% seems to be abundant nearer to DOGE’s -91%, even though the timing turned out to be different.

Therefore in some ways, the value trend of Shiba Inu is comparable to it of Ethereum, whereas in different ways it's almost like that of Dogecoin.

Bitcoin cash (BCH)

The situation changes if we tend to think about the value trend of Bitcoin money (BCH).

Bitcoin cash was born in 2017, and it had its first peak in December of that very year once it surpassed $3,700 in value.

The fact is that during the 2021 Bullrun, the most value was $1,500, which is even 60% not up to the high of the previous cycle.

In other words, from this point of view, it behaved otherwise from each Ethereum and Dogecoin, whereas Shiba Inu merely failed to exist within the previous cycle that ended with Bitcoin halving in May 2020.

In addition, BCH’s 2021 peak was in May, which was contemporary with doge, because it has declined since.

In October 2020, it was valued at $250, thus till the may peak it had created +500%. this is often a smaller gain than even that of ETH’s +1.180%.

Since then it's lost 78%, which could be a loss larger than even ETH’s -73% from 2021 high. If we then take into account the accumulated loss since the December 2017 high, it drops to an incredible -97% which is worse even than DOGE -91%.

In other words, Bitcoin Cash’s price performance over the past few years has been so much worse than that of each Ethereum and Dogecoin, and Shiba Inu. it's additionally been worse than that of Bitcoin, that in theory ought to be its direct rival.

It is enough to think that to return close to the price highs, it'd have to be compelled to do +3,400% from its current levels, and providing in 2021 it managed to do “only” +500%, to date such an assumption does not seem likely.