The direct answer is that a large remaining market value after a 97.13% average drawdown does not prove recovery, and it does not prove failure either. For AVAX, ICP, and the other unnamed networks in the supplied brief, the decision-useful question is whether real fee-paying demand, liquidity, token supply conditions, and network costs can support the valuation. The supplied source material does not provide enough evidence to answer that question conclusively, so readers should treat this as a risk checklist, not a buy or sell signal.
| Primary source | CryptoSlate |
|---|---|
| Reported at | 2026-07-25T11:35:49.000Z |
| Topic | Analysis |
| Evidence limit | Reported facts are separated from interpretation; current prices and platform terms require independent verification. |
Evaluate BITGET for your use case
Check regional eligibility, current fees and product availability on the official destination.
Review BITGETDirect Reading
The supplied event is about survival value after a severe reset. A group of ten once-prominent cryptocurrency networks still has a combined market value of $12.06 billion while trading an average of 97.13% below all-time highs.
That combination matters because market value can remain large even after a major collapse. It means some buyers, holders, and market structure still assign value, but it does not prove that user demand is strong enough to justify a future recovery.
AVAX And ICP Context
The brief names Avalanche and Internet Computer as affected assets. Avalanche is described as the largest of the ten at $2.91 billion and as needing roughly 21.5x to return to its prior high.
Internet Computer is described as needing roughly 323x to recover. That figure signals a much steeper recovery requirement, but the supplied material does not include current fee data, usage trends, supply details, or network cost data, so the recovery multiple should not be read as a complete investment case.
What Users Should Check
Start with the basic valuation question: what are users actually paying to use the network, and does that activity look durable enough to matter? A token can trade actively while the underlying network has weak fee demand, so price action and user-paid activity should be reviewed separately.
Then check liquidity, spreads, token supply changes, exchange depth, and whether the asset still has credible usage. These checks do not guarantee a good decision, but they reduce the chance of confusing a low price with a low-risk opportunity.
Evidence Limits
This article is intentionally limited to the supplied brief. The brief provides the combined market value, average drawdown, Avalanche market value, and approximate recovery multiples for Avalanche and Internet Computer. It does not provide a full list of the ten assets, current fee revenue, active user counts, developer activity, treasury details, or liquidity data.
Because those facts are missing, no conclusion can be made here about whether AVAX, ICP, or the broader group is undervalued, overvalued, likely to recover, or likely to keep declining. Any stronger claim would require additional evidence outside the provided source material.
Risk Disclosure
A 97.13% average decline from all-time highs is a severe drawdown. Assets in that condition can remain volatile, and a large recovery multiple can be mathematically possible while still being practically difficult.
This is not financial advice. Readers should not use the reported recovery multiples as a standalone reason to buy, sell, or hold. The more useful approach is to compare the reported valuation against live market conditions, personal risk limits, and independent research.
Bitget Context
For readers using Bitget, this topic is best treated as a research and risk-control workflow. Review the market page, compare current price behavior, check liquidity, and decide whether the asset fits your own risk plan before placing any order.
If you choose to continue through the provided Bitget path, the brief includes the route BITGET official destination and code 11350287. That should be treated only as navigation context, not as a claim of rewards, results, ranking, or expected trading outcome.
Evaluate BITGET for your use case
Check regional eligibility, current fees and product availability on the official destination.
Review BITGETAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
What is the main point of the CryptoSlate event in the supplied brief?
The event says ten once-prominent cryptocurrency networks still have a combined market value of $12.06 billion despite trading an average of 97.13% below their all-time highs.
Does the supplied brief say AVAX will recover?
No. It says Avalanche is the largest of the ten at $2.91 billion and would need roughly 21.5x to recover, but it does not say that recovery will happen.
Does the supplied brief say ICP will recover?
No. It says Internet Computer would need roughly 323x to recover, but it does not provide enough evidence to judge whether that is likely.
What is the most practical check for these altcoins?
The practical check is whether real user-paid demand, liquidity, token supply conditions, and network economics support the current valuation. The supplied brief raises that question but does not answer it conclusively.
Is this a recommendation to trade AVAX or ICP on Bitget?
No. This is a source-limited guide and risk checklist. Bitget is mentioned because the brief includes a Bitget project context and CTA, not because the supplied material proves any trading outcome.