- Well, not all of it.
- But a lot of it.
- Maybe most of it.
- Okay, all of it.
Here at SBL, we mostly discuss things like legal betting sites, the best sports betting lines, political odds, Academy Awards odds, Grammy betting, and so on. We even have a page dedicated to Elon Musk and all his absurd nonsense – like Mars missions, Hyperloops, and Dogecoin.
Of course, to be fair, Dogecoin is – of all of Musk’s pet projects (and yes, we know he isn’t behind DOGE, he’s only behind its massive spike in popularity and value – which is kind of the same thing) – the most sustainable.
It’s also probably the greenest, at least in terms of the “green” we really care about.
But if you’ve been high on Dogecoin in the recent past, you might be downright down on the stuff today. In fact, you might be down on all cryptocurrencies lately.
As you probably know, we’re in the midst of a pretty big crash.
Of course, even though the crypto market is only a hair over 13 years old, there have been several crypto crashes in that time.
The last really big one happened in 2017-2018. And that one was quire a lot bigger than the March 2020 and May 2021 crashes, which are about the size of the current wipeout.
But if you’re frowning, you should probably be upsidedowning.
Because – historically – every crash is followed by significant gains. You won’t always see all major coins hit their all-time highs after a crash, but you always see them go up substantially enough that buying the dip is guaranteed to pay off bigly.
Below, we’ve listed how much each common sports betting crypto coin (that is, those coins accepted by the legal sportsbook sites we recommend) is worth right now, the percentage in value it’s fallen since the start of 2022, and its all-time high (in parentheses).
The following are ranked in order of decline YTD, starting with the best performing coins:
- Ripple (XRP): $0.67; -20.24% ($3.38)
- Bitcoin (BTC): $36,409.78; -22.68% ($67,566.83)
- Dogecoin (DOGE): $0.12; -29.41% ($0.68)
- Litecoin (LTC): $100.45; -31.99% ($386.45)
- Binance Coin (BNB): $350.40; -32.04% ($675.68)
- Ethereum (ETH): $2526.65; -32.15% ($4812.09)
- Shiba Inu (SHIB): $0.000023; -32.35% ($0.00008)
- Stellar (XLM): $0.18; -33.33% ($0.90)
- Avalanche (AVAX): $72.16; -34.08% ($134.53)
- Bitcoin Cash (BCH): $285.49; -34.35% ($3923.07*)
- Chainlink (LINK): $12.67; -35.85% ($52.20)
- Cardano (ADA): $0.83; -37.12% ($3.09)
- Solana (SOL): $86.95; -49.66% ($258.93)
*The Bitcoin Cash ATH is technically $3923.07, but this pricing was due to a number of platform exploits and trading bugs that plagued the network in Dec. 2017. A more organic all-time high for BCH is $1752.10, achieved in May 2018.
The upshot here – and the reason you need to relax if you’re worried about your crypto portfolio – is that it’s the perfect time to buy.
Don’t sell thinking these assets are going to dip further. They indeed might. But in the near future (and we’re talking something short of the medium term here), these coins are all going to be worth a lot more than they are now.
You know the drill:
Buy, bet, withdraw, hodl, repeat.