May 2021 - Healthy retracement or scary reversal?

Last updated: 2 weeks ago
3 mins read

Healthy retracement or scary reversal?

May 2021 has come to an end and like each month the 100eyes team analyses what happened to Bitcoin and the altcoin market. It has been quite a volatile month. First of all, Bitcoin dropped 35% which was brutal. Bitcoin’s price is now 43% below its ATH.

Altcoins dropped even more in dollar value than Bitcoin, on average altcoins decreased in value by 41.8%. Of all altcoins, 98% of them are now worth less compared to a month ago.

In the following chart you can see how May compared to the last twelve months of altcoin performance.

The top 5 performers in May were $RLC (+56.99%), $ADA (+25.12%), $CTSI (+7.41%), $ONG (+2.61%), and $EOS -1.43%). Biggest losers were $LUNA (-62.57%), $IOTX -63.66%), $SNGLS -65.19%), $PHB (-66.18%), and $LTO (-66.68%).

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