Investing in Cryptocurrency is High Risk: Here's the Proof!

Cryptocurrencies have become an alternative investment option for both individual investors and investment managers. Some cryptocurrencies have yielded incredibly high returns, with increases of thousands of percent, such as Dogecoin (DOGE), Ethereum (ETH), or Bitcoin (BTC).

However, several cryptocurrencies have experienced sharp price declines over the past year, resulting in significant losses for investors. This demonstrates the high-risk nature of investing in cryptocurrencies.

According to Coinbase, Clover Finance (CLV) was trading at Rp 10,128.5 per coin on December 31, 2021, at 10:37 WIB. The price of CLV has plummeted by 98.26% in the last year. This means investors holding CLV contracts potentially faced nearly 100% losses. This decline is the steepest among other cryptocurrencies.

Jasmy (JASMY) also experienced a sharp decline of 93.14% in the last year. This was followed by Ampleforth Governance Token (FORTH) down 82.94%, Wrapper Centrifuge (WCFG) down 82.15%, and Braintrust (BTRST) down 64.9%.

Tribe (TRIBE) also saw its price fall by 56.09% in the last year. This was followed by Distric0x, down 48.66%, Civic (CVC) down 48.55%, and Decentralized Social (DESO) and Moss Carbon Credit (MC02), each down 43.55% and 43.22% respectively.